Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing?
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Let us talk about such a thing as goal-setting in trading. Earlier, my colleague has already touched on this topic in his post👇, which is a practical guide to setting goals in trading. In this post I decided to return to this topic and will try to delve into this problem from psychological side.
Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.
In this post we'll try to make it clear why false signals appear that make the trading strategy to give a false signal, and the trade turnes out losing.
A beginner trader often asks themselves: which currency pair should they choose for trading? In this review, I will address the most popular currency pairs and enumerate the criteria for choosing the most suitable ones.
Today, I will speak about a classical method of detecting a trend reversal. Let us have a look at a group of reversal patterns, which are likely to precede a trend reversal.
In this review, we will speak about choosing a timeframe for trading. This is an important part of your trading strategy.
There are several ways of trading oil; an individual trader may choose from futures, CFDs, and options. Whatever type of contract you choose, you will have to analyze the chart of your asset and only then open a position: a buying one if you expect the oil to grow or a selling one if you think it will decline.
In this review, we will discuss the use of ECN accounts for trading on Forex. Such accounts feature better trading conditions.
In this article, we will discuss the use of swaps on Forex. Swaps can influence the dynamics of currency pairs significantly and form long-term trends on the market.
The truth is that MT5 features many more interesting functions that help in trading while MT4, to my mind, has too many limitations. Let us discuss some of them.
Gann became known for his “sniper” forecasts based on his unique trading method, which later transformed into a whole concept.
It is no secret that trading results on real and demo accounts always differ, the former results usually being worse. In other words, if you succeed in trading on a demo account, you should always make allowance for the real situation. The devil is in the different attitude to trading demo money and the trader's own money.
During the holidays, most people have a lot of free time that they can spend with their nearest and dearest and watch a couple of movies. Most likely, if you trade or deal with the market in some other way, sometimes you want to see some movies connected to trading, speculations, etc. There are such movies out there! Not that they are so numerous, however, you can always pick up some.
For successful work on financial markets, it is important to collect a set of rules. Most often, traders draft a plan on paper for no steep movements on the market to make them turn away from their goal. What is more, experienced investors advise to make a sort of a checklist with several questions, the answers to which will show if the time is good for opening a position or the trade is better skipped.