A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for every purchase.
Going with licensed brokers is always a safer approach. They will be regulated and governed by strict rules that safeguard the trader while offering the best trading services and tools like FxGrow’s negative balance protection, encrypted payment system.
Saving enough money to fund a trading account takes a great deal of time and effort. It can be even more diffcult if you have to do it twice.
Practice trading with virtual money to sharpen your knowledge of how the stock market works and how to use an online brokerage.
Forex trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to keep your eyes on the prize at all times. This is what seasoned traders refer to as self-discipline
Before you start using real cash, make sure that all of the money in that trading account is truly expendable. If it's not, the trader should keep saving until it is.
Diversification is a technique that reduces risk by allocating investments across various financial instruments, industries, and other categories. It aims to maximize returns by investing in different areas that would each react differently to the event
Your forex position size, or trade size, is more important than your entry and exit when forex day trading. Here are 4 steps to get it right every time.
Controlling your emotions when trading forex can identify the difference between success and failure. Your mind state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor
Volume represents the number of stocks, futures or options contracts, which are traded during a certain period of time, most often a day. The higher the volume, the more active the instrument we are trading is. Every unit of volume in any market reflects the actions taken by two sides: one trader buys a given share or contract and another trader sells a given share or contract