One of the things that attracts many people to Forex trading is the potential for significant profits in a relatively small amount of time due to the use of leverage. However, with the potential for gains comes a significant potential for losses that must not be overlooked. To protect your account, it’s a good idea …
Most of the time, when I tell people what I do for a living, they can’t help but wonder if the Forex trading I do daily is actually some form of gambling. There are, after all, some similarities, since no trader has a crystal ball to predict which way the markets will move. Still, there …
There are very few things in life that we can control entirely by ourselves. We can eat only healthy food and still be overweight or ill. We can drive safely and still get hit by a drunk driver in the opposite lane. We can study hard for tests and still fail – or barely study …
It may seem like a strange question, but people have asked this question before: “Will too much information ruin your trades?” While it may seem somewhat unlikely, the truth is that too much information can complicate your trades, and even result in losses. In my experience, there is a distinct possibility that you can get …
If you plan on being successful as a Forex trader, you need to be able to distinguish between good and bad trading strategies. While the most obvious way to measure success is to look at the profits and losses columns for any given strategy, there are other things to consider when choosing a trading strategy. …
One of the most common ways to trade financial markets is to use a pullback strategy. This simply means jumping into a market that has established a trend, and then has gone against that trend as markets typically do, forming an ebb and flow over time. Think of it this way: if you are in …
By: XTB What is day trading? Day trading is defined as the buying and selling of instruments within a single trading day, but can apply generally to slightly longer timeframes. Typically, day traders utilise high amounts of leverage and short-term trading strategies to capitalise on small price movements, with the aim of making a small …
While knowing how to enter the market is only part of the equation, certainly you cannot make any money if you are not involved. This of course then means that your entries must make sense. While there is no “magic bullet” when it comes to entries for trades, there are some things that you should …
At times, the Forex markets can become extraordinarily volatile. For that matter, any market can, depending on what has been going on. You can be in a nice uptrend, only to have a headline crossed the wires that turn things back around to knock you down, causing massive losses. In this article, I’ll look at …
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