Before trading in forex, it’s important to understand how leverage works and how much you can risk. You should never trade in a position that you cannot afford to lose. If you need to pay your bills, think twice before you risk your money. You also need to know how much you’re willing to risk…
Month: August 2022
An Introduction to Trader Inside Bars
If you’re not familiar with candlestick patterns, you’ve probably never heard of inside bars. They are one of the most underrated and least discussed patterns. They are often used to detect trends but are often overlooked. If you want to make money trading, you need to learn how to identify them and use them to…
Why Protecting Capital Should Be a Priority While Trading?
Protecting capital is critical when trading. Increasing your risk on trade can easily blow up your account. By putting barriers in place to protect your capital, you can minimize the risk of your trades. You can even keep a portion of your capital in a bank account to keep it safe from market volatility. Limit…
An Empirical Study of the Foreign Exchange Market
Empirical studies of the foreign exchange market using surveys of exchange rate expectations are becoming increasingly common. However, most of these studies conclude that the short-term behavior of currency markets is inconsistent with neoclassical characterization and argue that the focus should instead be on the long run. The present paper, on the other hand, treats…
The Miracle of Discipline in Forex Trading
One of the apt ways to keep yourself on track in trading is to set clear goals for yourself. Having a goal to aim for will help you to stay on track when you start to feel discouraged. It will also help you stay motivated and not quit. It is imperative not to set goals…
The Role of Insights While Trading
A strong research program identifies market psychology and helps you to avoid overbought and oversold conditions. The right research can also help you to jump on trends early and avoid going against the fundamentals. Unfortunately, the role of trader psychology is often overlooked, and too much focus is put on the technical side. The right…