How to Develop a Profitable Forex Trading Mindset
Any form of trading has its genesis: from the mind. And, forex trading is no exception. Your mindset actually makes the biggest percentage of your possibilities of either losing or winning in the currency trading game. It all depends with the attitude and the way you set your mind to it. The mindset actually becomes the foundation on which you lay your strategies ...
6 Mistakes That Can Kill Your Forex Trading Career
When a trader enters forex trading, they make a lot of mistakes before getting on the right track. These very mistakes can make or break you. To make sure your career doesn’t die because of a simple error, we are naming some common mistakes that end up killing trading careers. 1. Paying Too Much Attention to the Trends It is good to tune into the latest trends ...
Top Features of Good Forex Brokers
When you know what to expect in a forex broker, you can make sure that you look in the right direction and choose one that will prove to be efficient and effective for you. This is why it is important for you to know what the forex broker is offering you in order for you to open an account with him. What forex brokers provide does not differ from one country ...
4 Essential Indicators Every Forex Trader Should Understand
In a way, technical analysis indicators are keys to solving a puzzle and to get the whole picture you need to put all the pieces strategically together. There are grossly four types of indicators and each of them gives you a specific perspective of the Forex market. That said, this article will briefly discuss 5 essential indicators that form the ...
Knowing When to Cut Your Losses
In life some things are guaranteed, like death and taxes. Similarly, in forex trading, you are guaranteed to suffer a few losses occasionally no matter how good your forex trading strategy is. What separates the winners from the losers is how you handle those trades that run into losses. You should be familiar with the most common saying in all financial markets ...
Comparing Renko Charts To Candlestick Charts
Comparing Renko charts to candlesticks – How different are they? Technical analysis as we know it today, has come a long way. Most of the books on technical analysis often tend to focus on the three main chart times. Namely, the bar chart, candlestick chart and the line chart. There are different technical analysis methods that one could use depending ...
10 Steps to Deal with Forex Trading Stress
Having your real hard earned money on the line and your financial future on a cliff’s edge is enough to drive any strong person into a panic. Forex traders do this every day, with each trade they enter. You are human, and all that stress will pile up and come back to bite your rear.Oops! There are easy tried and tested ways you can deal with your stress before ...
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