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Yes,it is important.Forex money management aims to minimise trading losses so that they are 'manageable'. That means when a trade turns to a loss, it does not prevent the trader from winning other trades. The idea of money management is closely linked to risk management because when trading, all...
The opening 9:30 a.m. to 10:30 a.m. Eastern time (ET) period is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to...
The institutional candle is the last opposing one or multiple close candles before a strong directional move. So, late buying or selling candles with one or more candlesticks run out of liquidity before heading in the intended direction are called institutional candles. It means institutions...
Online stock trading courses are designed to help reduce the risk of substantial financial loss during stock trading. The best course for stock trading will depend on several different factors such as your existing knowledge level, learning style and budget. WikiJob recommends the Thomas Kralow...
The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number. A variety of exotic options are available for traders who want to capture a breakout move, but with less volatility than trading the...
It will typically take on average around 1 year for someone to learn to trade forex. The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasps with. The majority of traders give up before ever learning to consistently...