Forex Psychology
Forex Psychology
Nine tips for day traders
Day trading requires a lot of market knowledge and constant attention, which is why it’s better suited to experts rather than beginners. In this post, we’re going to review some tips for day trading. The importance of market observation and research cannot be over-emphasised here. 1. Know your stuff In order to succeed at day trading, robust market […]
The Right Trading Mindset
If you read up on any traders who are actually successful in Forex or even stock trading, you will notice that they think of it like any other business and not as the average retail trader might. Successful traders approach investment with a certain level of detachment and without emotional investment in the currency or stocks. If […]
Forex for Beginners Forex Psychology Forex tips Trading Motivation
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Why Less is More in “Set & Forget Trading”? – The Basic Phenomena
The set and forget trading is a simple form of Forex trading. Like the name implies, the trader just needs to set the trade and then forget about it for quite a while. This trading involves two advantages. The first one is that it lets the trader stay mentally disciplined and the second it enables the trader […]
The Need for Day Traders to Stick to 1% Risk Rule
Day traders around the world stick to the one percent risk rule or may even vary it to a little extent to match their trading style. In fact, adhering to this rule allows them to minimize their capital losses, especially when they experience off-days while trading or when the market conditions are not in accordance with […]
Technical indicators that should be paid attention to
Technical indicators present past data from market movements and are used to calculate future probabilities. In this blog, we highlight some of the most important and useful indicators that can be used for a good technical analysis and to make an informed decision. The first thing to keep in mind about technical indicators is that they […]
4 Types of Forex Strategies Every Beginner Should Know
We have discussed specific forex strategies in previous blogs but here we focus on some general types. The standard for our analysis of each time is the win ratio and the difficulty level. If you are new in the forex market, this will hopefully be useful to you. 1. Pullback Trading What it is? Pullback strategies revolve […]
Crucial Skills for Forex Trading
A lot of times people ask what skills are needed to trade forex successfully. While the first two things you need to have are a good understanding of the market and a good strategy, there are other very important elements to trading. And this blog is all about those. There are four skills or strengths that are […]
Currency Futures Explained
Understanding how Futures work: In the simplest language possible, Futures are contracts to sell/buy a commodity (in this case it will be a currency) at a set date at a set price. What is achieved through this practice? The reason why this is such a well-established practice is that it provides security to both sides. […]
3 Tips for Successful Trend Trading in Forex
If you are a beginner level trader you will probably have read a lot about trends and trading them. However, when you go to look at the charts that represent these trends, it is hard to make any sense of them at all. Too many lines going in too many directions without any rhyme or […]
The Psychology of a Successful Forex Trader
It is often said that forex trading is taxing emotionally and mentally. A lot of new traders who get into this market are not prepared for the mental labor and discipline required by it. If you are someone just entering the market and worried about the psychological aspect of trading and wondering about how successful […]