Without rules of engagement, you essentially operate on emotion instead of a well-ordered approach. This is what a trading strategy provides. Countless Forex trading strategies are available, therefore choosing a suitable approach can be a challenge. What’s a Trading Strategy? You may have heard maintaining discipline is key to becoming a successful trader. Equally as … Continue reading Forex Trading: An Introduction to Trading Strategies and Trading Styles
Tag: forex for beginners
Accept Losses and Become a Consistent Trader
Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting loss to gain trading consistency is an interesting paradox. Every good trader endures loss. The difference between a successful trader and failure is understanding how to handle loss. Whether we choose … Continue reading Accept Losses and Become a Consistent Trader
How to Build a Forex Trading Plan: A Compilation of Parts 1-4.
Without a trading plan, successful trading is unlikely – you’re effectively driving blind.
The problem is new traders fail to recognise the significance of a trading plan. This may address why many traders find it difficult to accomplish their goals in this business.
Money: How Much Do You Need to Begin Trading?
From institutional investors hedging portfolio risk to independent retail speculation, the foreign exchange (FX) market caters to a diverse community.
Dependent on financial circumstances, time constraints and trading experience, starting capital varies for retail traders.
Fall in Love with the Process – Not the Results
The only way to do great work is love what you do – Steve Jobs Most have never envisioned becoming traders or demonstrated a connection to the markets. In fact, it’s likely the majority were introduced to trading through friends or colleagues, enticed by the idea of financial freedom. Many, however, fail to acknowledge what … Continue reading Fall in Love with the Process – Not the Results