Knowing the difference between common forex trading myths and reality is essential to long-term success. In this article, guest editor, Dr. Gary Dayton explores the top 10 trading myths to be aware of. Notably, these myths are closely linked to trading psychology, which goes hand in hand with a successful trading career. 1. People are born traders. While …
It was launched in 1984, the entire FTSE (Financial Times Stock Exchange) consists of in excess of six hundred companies, that make up approximately 98% of UK market capitalization. The ‘footsie’ is a term that most people have heard of, but relatively few understand its intricacies and significance. This page will break down its history, …
MetaTrader 5 (MT5) facilitates online trading in forex, stocks, and futures. Rich analysis tools and indicators make it an excellent platform for experienced traders. Automated trading is also available through expert advisors and signals. This tutorial will review MetaTrader 5, explain how to download the platform on Mac and Windows, and list the best MT5 …
MetaTrader 4 (MT4) is an online trading platform best known for speculating on the forex market. Available for download on Mac, Windows, and mobile apps, it’s offered by most brokers in 2021. Here we’ll explain how to trade on the MT4 system, as well as run through expert advisors (EAs), demo accounts, tutorials, and support. …
I recently watched a documentary about Bill Gates on Netflix and the thing that stuck with me the most from it was that he didn’t become one of the wealthiest people in the world through luck or by inheriting huge sums of money. He literally reads like 8 books while traveling, he can read 150 …
Here’s My Daily Trading Routine That I Use Everyday Read More »
Let’s be honest, trading can get discouraging at times. Even professional traders have losing months sometimes, so don’t be too hard on yourself. I think it’s good to remind ourselves sometimes just why it is we do this. A little positivity and fresh focus on the reasons we all got interested in trading can be …
How much should you risk per trade? This is probably one of the frequently asked questions by forex newbies. Well, the answer is to try to limit your risk to 2% per trade. But that might even be a little high. Especially if you’re a newbie forex trader. Here is an important illustration that will show …
Never Risk More Than 2% Per Trade in Forex Trading Read More »
Do you want to become a successful trader? Well, you are going to look at how to avoid the 12 trading mistakes that are common and traders often fall victim to. You’re going to make mistakes as you learn to trade, but the traders who actually start making money are the ones who LEARN from …
12 Trading Mistakes You Must Avoid to Become a Great Trader Read More »
In all my years of trading and talking to fellow currency traders, I have noticed that newbie traders are susceptible to five main psychological pitfalls. I have decided to highlight these 5 trading psychology pitfalls so that you don’t get caught in the same mess as other traders who have been caught in the same. …
5 Trading Psychology Pitfalls that Can Blow Your Forex Account Read More »
Latency Arbitrage is a very clever automated Forex trading strategy that uses a basic yet highly effective principle to exploit the market and make a profit. It works on the premise that for a tiny fraction of time, there are discrepancies in the price offered by two different brokers. The strategy assumes that the trader …