As a newbie trader, you have constantly been encouraged to practice forex demo trading first before going live. Through demo trading, you were able to hone the basic trading skills, develop a trade plan, conduct proper risk management, and understand trading psychology (at least we hope so!) without putting your hard-earned cash on the line. […]
DO’S & DON’TS in Forex Trading
Forex Trading is the biggest market in the world in terms of activity. A mammoth $6 Trillion is traded each day. With the amount of volume traded comes great opportunity. We’ve run through some of the ‘do’s’ and ‘don’ts’ in forex trading which will help you, as a trader, be more successful by following a […]
5 Reasons Why Traders Give Up Forex Trading
Like many high-performance endeavors, success in forex trading takes time, patience, and a lot of practice. This is why not many newbies successfully trade currencies on their first try. In fact, popular trading discussions estimate that only 2% of newbie traders eventually make money. So what makes it hard for traders to stick to forex […]
Basic Forex Trading Terms You Need To Know!
Before you go deeper into learning how to trade the forex market, it is important for you to understand the basic terms and jargons we are using in forex trading. Here are some of them we gathered from different sources: BEAR/ BEARISH MARKET – A market condition in which the prices of securities are falling, […]
Best and Worst Days of the Week to Trade Forex
The busiest times are usually the best times to trade since high volatility tends to present more opportunities. While the forex market is open 24 hours daily, it doesn’t mean that action happens all the time! Besides, sleep is an integral part of a healthy lifestyle! You need sleep to recharge and have energy so […]
