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To recap slightly, you have a definition of what forex trading is, the players involved, when to trade, and what to trade. Now, it is time to discuss how you calculate profit and loss, by understanding what a pip is, the pip spread, and how you determine your profit.
Most currency pairs are...
Didn’t this question already get an answer? In part, yes. You know you are trading currencies, but that doesn’t narrow down, which currencies you should be trading. Are you going to trade any currency that is available through your retail online dealer? Hopefully, you will not. Some brokers...
- It will be important for you to learn a little about the history of forex trading, later on. For now, you should understand how the market works today and who the players are.
-The Interbank Market is considered “The Market.” It is the market where large sums of money will change hands. A...
- Forex trading uses currency as the trading vehicle. Forex is short for foreign exchange, also known as FX and currency trading. It is an investment market, where you trade money, known as currency, where you do not trade USD for USD, but USD for Euros, Yen, Australian dollars, and numerous...
Don't memorize patterns, candlesticks, etc.
If you want to get better at this game, ask yourself:
What are traders on the sideline thinking?
Where will other traders get trapped?
Where’s the path of least resistance?
Where will new players enter?
Where will losers cut losses?
It's none other than ourselves. Why?
1. Greedy
2. Overtrading
3. Zero risk management
4. Emotional
5. Not confident and scared
Must be brave to take risks to know to trade. Only then you can succeed. Trading forex has winnings and losing AGREE?
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