Foreign exchange trading is the largest financial market across the globe. As a result, it comprises a wide range of forex traders who sell and buy securities and currencies like stocks, indices, energies, and metals. Read on to understand the different types of foreign exchange traders in the industry. Day Traders These forex traders trade […]
Trading Psychology
When people delve into the business world, they see themselves growing and gaining out of it. It is always about the profits and never about losses in a business-oriented person. However, as much as a person does not want to imagine themselves losing, they happen to at some point in their business venture. Businesses will […]
As Forex traders, you should control the emotions to trade the market, the logical thinking is important for the Forex trading. The human nature is to become emotional but they never think logically. So in order to make profit consistently by trading the financial assets make sure to follow rational logic behind every single trade. […]
This might sound a little bit confusing but believe it or not in order to secure a better trading career you need to focus on your daily routine. Most of the retail traders will not agree to this statement but if you assess the life of professional traders’ life then you will find that most […]
Most of the forex trader got confused in their early stage in forex market because they hear a lot of information, trading tips and strategy on the internet about how to trade the forex market. It takes some time to do well and make consistent profit from the forex market. So the best thing is […]
‘There is no free lunch’ is the only monetary axiom that bears truthfully to all conditions. Sadly, this truth is taken lightly by many who choose to indulge in the seeming purple patch of forex trading. The basic precept is that one has to have a pot of money to take a few risks. Even […]
Forex trading can be a risky business. As traders, people have two kinds of mindsets; one that is bent towards speculation and the other that is bent towards hedging. “To each his own” is the all-important adage of forex trading. Now, there are those typical practical pitfalls that make a trader err but then there […]