Keep a Trading Log to Analyze Your Actions
One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
Category: Forex Trading
The Importance of the Risk: Reward Ratio
In various fields of life, the Risk:Reward Ratio (R:R) plays a crucial role in decision-making. Whether it’s in finance, business, or personal choices, understanding and considering the R:R can make a significant difference in outcomes. This article...
The New Trader and the Professional Trader
Embarking on a journey as a trader is an exciting endeavor, but it requires a shift in mindset and a commitment to continuous improvement. Many aspiring traders often wonder about the key differences between a new trader...
The Key to Fundamental Forex Trading
Knowing what the data means can help you make smarter trades, before and after the data is released. Below are some of the primary pieces of data that successful Forex traders follow.
How to choose the best broker?
There are a number of important factors to be considered as you decide on the forex broker best suited to your expectations. Assuming that you’re a beginner, you do not possess a background in trading or similar...
Tread the untrodden path to make more money
They say if you walk the same path as others do, you reach the same destination. People succeed enormously by doing things differently and not by doing different things that others do.
Anything called the Best strategy for trading?
Ever been able to listen to anything when there is a lot of noise? Ever been able to think clearly when there is a rock band playing? Ever been able to speak or be heard over a...
Methods of Forecasting the Behavior of the Forex Market
Businesses which are involved in global trading need to be in a position to predict forex market behavior. This is essential for them when concluding deals / arranging for payments to protect themselves from the possible adverse...
Determining Forex Trading Strategy
Before we get into determining strategies for forex trading, let’s make sure we understand the core of Forex Trading. The forex market is a dynamic market place where foreign currencies are traded actively. This is normally done...
Understanding Stop Losses
Stop losses are an essential risk management tool used by traders and investors in financial markets. They serve as a safety net, enabling individuals to protect their capital and limit potential losses. In this article, we will...