Trading can be a thrilling, yet risky endeavor. When engaging in forex trading, especially for those just starting out, it’s essential to use risk management techniques to ensure you don’t put too much of your capital at risk. One of the most important rules of risk management is the one-percent rule: never risk more than […]
If you know you’ve managed your risk well, you’ve lived to trade for another day Read More »
As a trader, it is essential to understand that trading is 90% mindset and 10% skills. A trader’s mindset has the power to make or break their success in the market. Having the right mindset can help traders become more effective in their approach to trading, while having the wrong mindset can result in costly
Trading is 90% mindset, 10% skills Read More »
Trading is 90% mindset, 10% skills Plan the trade, Trade the plan: Every trade is a battle and winning battles requires preparation. If you know you’ve managed your risk well, you’ve lived to trade for another day. Is leverage an opportunity or risk! Trading the financial markets is both a science and an art. Achieving
Plan the trade, Trade the plan: A skill assessment and setting goals for success Read More »
One of the most prevalent myths about trading is that it’s just like gambling—that it’s a lottery where you can win money, but there’s nothing you can do to influence the outcome. However, this idea couldn’t be more wrong, because trading isn’t at all like gambling—and in fact, it’s not really much like any other
Is Trading a gambling or speculation? Read More »
If you’re interested in making money trading currency, but aren’t sure whether the risks are worth it, here are five reasons why you might want to try trading in the forex market anyway. Forex (or foreign exchange) is essentially the market where one currency can be traded for another, which means that it’s subject to
Five Reasons to Trade in the Forex Market, According to a Currency Analyst Read More »
