Forex trading

For instance, if you go long on the EUR/USD, the AUD/USD, and the GBP/USD, these currency pairs will be positively correlated since they all have the same quote currency. Therefore, when the USD strengthens/wanes, your portfolio will be up or down. Currencies being priced in pairs, you must see that currencies are correlated.

Using a fixed fractional money management strategy means only risking a percentage of your trading account on each trade typically 2%.
One of the most effective strategie […]

Despite the size of the retail market, it is relatively small compared to the overall currency market as a whole. Even so, retail is less than 6% of the daily turnover in FX trading.
In this case should we use pip value of the closing moment of the trade to calculate profits or loss? Pip value changes from moment to moment and so to calculate P/L i feel we should get the pip value of the closing moment of the trade. Then, you’ve learned how to find low risk and high reward trades. The sec […]

Shiba Inu price is in a tough place that becomes apparent as it failed to move despite Coinbase inducting SHIB into Coinbase Custody. The consolidation around two critical support levels has been ongoing for roughly two weeks now and shows no signs of a breakout.

That’s why Forex is a popular choice for investors – it’s the most liquid market in the world.
The TradeRoom charts are updated automatically in real time; all graphs are always saved on the server.
If you are just s […]

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Panic is when you act rashly, but in a different way than fear. Fear usually holds you back from making a move, so you hold a position too long or never enter the market. Panic happens when you are already in the market, and you continue to see losses. You lose large sums of money on your trades, you try to trade the same pair over and over, and eventually you no longe […]

Traders that manage to benefit from the positive aspects of psychology, while managing the bad aspects, are better placed to handle the volatility of the financial markets and become a better trader. In forex trading, taking the initiative means understanding both yourself and the market. Take a careful look at the facts and only act once you have them. Becoming a successful forex trader doesn’t just mean improving your technical skill; it relies on a deeper understanding of yourself and […]