The forex carry trade makes good returns by borrowing in low-yielding currencies and investing in high-yielding currencies with higher interest rates. Carry trades are only lucrative if the higher interest on the high-yield currency is not offset by a greater depreciation of that currency.
The...
The scammers are everywhere in the forex trading market who simply want to rob you. Most of the scammers are either selling courses or signals so make sure you don’t trust anyone easily. You don’t need courses to learn forex; you can look for information on the internet and read books. And if we...
As a beginner, your prime focus should be learning and not making profits. Once you have deep knowledge, experience, skills, and a profitable strategy you’ll start making profits. You also need to trade in a demo account and gain experience and also polish your trading skills. Remember that...
It isn’t tough to enter the market, but surviving can get quite challenging. Newbies should learn and build their network and interact with fellow traders. It will help them understand the basics clearly. Making money takes time and patience. Traders should have an open mindset and be prepared...
When forex traders join a good forum they get access to the knowledge and insights of other traders. It helps them to feel a sense of belonging in a community that provides them support and guidance throughout their trading journey. Reading about the experiences of other traders and interacting...
Greed is something that makes many forex traders deviate from their trading plan and make impulsive trading decisions. We are all here for profits but it should not be the only thing. Having realistic and attainable goals can keep us away from dangers that come from greed. Having a healthy...
Newbies must be able to figure out their trading style, the budget and how much risk they are willing to take as they start. Money and risk management is very important and must be a top most priority as it reduces the risk quotient a tad bit. Experts, often use their past mistakes and revise...
The forex market holds great benefits if you do your homework and are able to cope with the changing environment. Traders must be prepared to accept loss most of the time; individuals after losing tend to leave the market without even experiencing true success because they fail at maintaining...
Lower spreads and commissions are really essential if you want to cut your trading costs. I am using AAAFx, regulated broker with tight spreads and reasonable commission.
The worst situation in trading is losing money, so every trader prefers to trade with profits. You should take the following measures to avoid losing money.
First of all, you should be aware of all basic concepts of trading.
Try to use the best strategies for money and risk management.
Learn...
The trading lot size will help you determine the right position size for your trades, and the best way to choose it is by simulating the FX market in a demo account and adjusting the stop-loss limit and trailing stop accordingly.
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