If you are a new trader, regardless of your net worth or the size of your risk capital, two lessons stand out. First, give serious consideration to your “pain threshold.” This is the point at which you will admit, “I am wrong, the market is right, and no One wins by being overly stubborn.” The [...]
Many people want to make money with Forex trading. But before starting out in this business there is one question to be answered, which is why many people have such a big wish to start Forex trading. For many people it is the fastest way to make money, because Forex market has a turnover [...]
Discover the world of Forex trading. Forex appeared relatively recently. In the early twentieth century exchange rates were regulated by governments and were fixed. But in the 1970s it was decided to abolish the regulation of exchange rates, and they were let go. Thus Forex appeared as a place where currency is bought and [...]
Every one makes mistakes, and mistakes are inevitable. Got a trading loss? Then whip out your trading log to record what your mistakes are and what you have learnt from that losing trade. Always have something positive to take away from your losses, and treat it as a learning experience. Don’t dwell on your losses. [...]
Forums could be a good location to go to get some fascinating info and suggestion from other people who are investing and working in the forex trading market.