Oh, these tweets by Mr. Trump! They tend to move the markets a lot these days. Today we provide you an opportunity to look inside the head of the US President and see what markets he is about to shake next. At the end of the test, you will find out how good you are in reading the president's mind and analyzing the markets. But be careful: as you know, his thoughts are extremely complicated! Some of the thoughts won’t affect the markets.
Imagine how cool it would be if you could go to the future and see how your choices worked out? Like, anytime you have a decision to make, you just ask your future self: "Dude, was it a good idea?"
Guess what? It's possible! Well, not the future self part, but knowing how things work before you actually go for them. If you want to know what your conversion to trader might be like, just check out these insights from traders who've been there already.
The world of Forex trading is full of complex terminology, and currency pairs are no exception. While most traders are familiar with the standard currency pair names, there are a handful of secret nicknames that have been used in the industry for years. These nicknames have their origins in different contexts, such as historical events, national symbols, or even animal references.
This article will explore the stories behind the nicknames of some of the world’s most popular currency pairs.
Many fresh investors turn to Forex market in hopes of making a quick fortune. Unluckily, the prevailing majority of these individuals fail to turn a significant profit. This is due to the fact that to succeed in Forex market, you need to have a clear trading strategy the best matches your personality and your trading goals.
Forex traders apply wide range of strategies and techniques to determine the best entry and exit points—and timing—to buy and sell currencies. Market analysts and traders are constantly innovating and improving upon strategies to devise new analytical methods for understanding currency market movements. Below are described three major types of traders and strategies based on the most resounding and stunning success examples.
Many traders show great results on a demo account but fail when they start live trading. We made a full analysis of this problem and selected 4 crucial steps, which will help you switch to live account as comfortable as possible.
When you know you are not trading with your real money, emotions are much less involved, and you can make all the possible mistakes. It is dangerous because everything you do on a demo account becomes your habit. When you open up a demo account, forget that it is a “demo” account.
Treat it as a live account with your real money in it. Enter the trade with a strategy, plan, risk management and etc. Your demo account's size and leverage should be exactly the same as your live account would be. Do not open a $50,000 demo account if you plan for a $1000 live account.
We all know what mistakes beginners make, but what about pro traders? Sometimes experience comes at a price, and even the most proficient traders can fall into a trap. We gathered some of the most common mistakes of pro traders.
Some traders may trade too many positions at once, that exhausts available margin collateral, reducing cushion against adverse market movements. And also when you trade too often, you always have an open position and are constantly exposed to market risk. To avoid these mistakes, it’s better to focus on opportunities where you think you have an advantage and apply a disciplined trade strategy to them.
Once you start trading Forex, your life will never be the same. After a little while, people would stop understanding what you talk about with your trader friends. One day, it’s just your Forex fellows who understand your jokes and share your pain. Here are 5 things only traders can relate to.
A lack of money management skills can cost you everything you have on your trading account – even if you are good in everything else. What can you do to enter, stay, and profit on the market through money management? Read on and see.
It’s not always easy to predict which way the market is moving, even for an experienced trader. How do you choose the right time for your trades, and why is it important to consider the burst of traders’ activity?
