Using Stop Loss In Forex Trading

Using Stop Loss In Forex Trading

Many traders would agree that trading on the foreign exchange market could be likened to riding a roller coaster. Prices change so violently, in unpredictable movements, which will stir you up if you’re not well prepared. But it can be enjoyable, if you learn how to appreciate the ride. In Forex markets, you either win big or you lose big. ...

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A Business Lesson From Chess: Plan Ahead In Forex Trading

A Business Lesson From Chess: Plan Ahead In Forex Trading

You must have heard it many times, how almost everything has been compared to chess. Allusions have ranged from the most common – traditional sports, such as basketball games, tennis matches, and boxing bouts, for example – to the more unconventional subjects, such as politics and marketing strategies. The metaphor is used usually when two competing sides try to outwit ...

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Look For Good Conditions In Forex Trading

Look For Good Conditions In Forex Trading

In forex, the fact that the commodities held are currencies instead of corporate stocks, that trading is done 24 hours a day, and that transactions happen worldwide, all mean that the market is very volatile. This is not necessarily a bad thing because, as you may already know, there is a direct correlation between risks and gains. What you should ...

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Finding The Right Forex Methodology

Finding The Right Forex Methodology

A methodology is a principle that a person abides to in order to reach a specific goal. For teachers, methodologies involve the use of a specific technique in order to effectively facilitate learning, get the attention of the students, and to make sure that they completely understand and appreciate the lesson being taught. As for foreign exchange traders, the term ...

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Learning To Love Your Losses In Forex Trading

Learning To Love Your Losses In Forex Trading

Suffering from a loss can be extremely devastating, especially if you are a first time trader. However, for the veterans who have had their fair share of the worst losses in trading, you should not be crying over small losses, especially the first ones that you make. Instead, you should give them appreciation. Love your first losses and just chalk ...

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Is Weekend Analysis Helpful?

Is Weekend Analysis Helpful?

Forex weekend analysis is helpful in keeping track of the trends in foreign exchange in three main ways. Firstly, a weekend analysis helps a lot in creating a macroscopic image of the market being observed. When you observe the market during the weekend, you are observing it during the time that it is closed. Therefore, it allows you to analyze ...

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Make Use Of A Forex Trading Course To Invest In Your Future

Make Use Of A Forex Trading Course To Invest In Your Future

The foreign exchange market, more commonly known as forex is getting more and more popular nowadays. People’s growing interest in the forex market can be attributed to the advent of the Internet since it made the forex market more accessible to the market. The foreign exchange market holds a lot of opportunities. It is the largest financial market in the ...

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