Learning from the experience of battle-seasoned traders will help you develop a thorough strategy, select promising stocks and currencies, minimise risk and boost potential earnings.
Unless you’ve been living on the moon, you’ll probably have heard of robots here on earth that can carry out a trading strategy without human intervention.
Traders come in all different shapes and sizes. One could have red hair, blue, or purple. Each trader has a different personality, style, and strengths and weaknesses that make them truly unique and suited to one type of trading or another.
Forex myths can be insidious and widespread. While much of the foreign exchange game boils down to personal skill and preference, some of the conventional wisdom floating around has the potential to adversely affect the profitability of your investment endeavors.
FX markets play with your head until you get in over your head — by irresponsibly averaging down on losing trades and dumping more and more capital into the market.
While leverage can amplify your gains, you must educate yourself about common forex pitfalls and mistakes when using any forex platform. That way, you can keep your gains and avoid devastating losses.
A savvy trader who recognises bearish trends may capitalise by “selling” a currency at current prices, with the intent of “buying” it back when markets drop.
What you should know about the top forex traders in history and what they credit for their success, so you can join the ranks of the most successful day traders of all time.
Trading can be an exciting but tricky journey to navigate. There are a few basic rules that can help any trader build a strong foundation and set you off on the right course.
Monitoring current events in the countries of interest is a good practice, especially if you are trying to make short duration trades.