For me, the FX markets lend themselves perfectly to traders of all experience levels, mainly due to the flexibility you can enjoy in position sizing, the multiple opportunities available across these 24-hour markets and, of course, the ease of which we have to open an account and get involved with a smaller...
We need to address building a strong base for a framework to actually trade, once you have your base you can refine, adjust, and tinker around the edges to super-size your success but a robust base is an absolute must. We can break this article down into two parts. The first is the search...
Trading is a profession that many enter with big dreams, we all have been guilty one way or the other of the illusion of making a living out of trading. Many aspects are part of a trader been able to success like self-control, greed, fear among them. We believe that one of the most important aspects for a trader to know and control is Identity.
Do our mistakes make us smarter? Common sense suggests that we can turn our mistakes into positive learning experiences and improve our performance at a given task. However, it seems that people often do not learn from their mistakes and instead keep repeating them. Example: you have a losing day trade and decide to widen your stop loss.
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Revenge trading is a consequence of not having a plan or patience and will lead to losses, which in turn leads to scalping or hoping you can gain back your losses.
Discover how to make money in forex is easy if you know how the bankers trade!
Over time, we’ve received some comments as to why analysis is necessary and whether it is actually useful to traders.
Chart patterns are one of the most effective trading tools for a trader.
