Whether you're new to currency trading or a seasoned trader you can always improve your trading skills. As a trader you’ll likely never be as good as you can because perfection in the art of trading is impossible. Education is fundamental to successful trading. No matter how good of a trader you become you can always get better. That’s what keeps you interested even after you become consistently profitable. Having real goals and understanding what you’re committing to is one of the ways how you can improve your trading...
Risk management is a combination of multiple ideas to control your risk of losing all at once during trading forex. Risk management is one of the most key concepts to surviving as a forex trader. Without good money management an exceptionally gifted trader will lose just as much as a bad trader. While a good risk management system may not fully rescue a losing strategy an earning strategy cannot possibly succeed without good risk management. Before you start trading forex you need enough capital in the first place to trade effectively. You...
Having a forex trading plan and keeping a trading journal is essential for anyone serious about trading forex. In order to learn from past mistakes and to ensure that you consistently execute your traders based on analysis rather than intuition and emotion you need to have your own trading plan where you will keep your journal of all the trades and you can study your own track record. When we are approaching forex trading where personal decisions are translated into profits or losses having a well outlined and easy to follow plan can make...
Oil prices rise on the continuation of hostilities in Ukraine and confrontation in Libya, where the government seeks to resume production at the fields occupied by the rebels. Yesterday morning, Brent futures rose to $ 110.63 per barrel, and futures for WTI to $ 104.41 per barrel. Due to geopolitical risks, the price of Brent rose more than 6 percent since the beginning of April, when were marked the lowest level since the beginning of the year - $ 103.95. "Maybe we will not have to wait too long for enhancing oil market, because soon...
For a successful trading in the financial market Forex you must adhere to certain rules. These rules allow traders to get a good and fairly stable income. Of course, everyone has ups as well as downs, but following the advice set out below even in not very successful months of trading can help you to get profit. Trade rules are simple and clear but the problem is that it is necessary to follow these tips constantly. Without self-discipline, opening transaction without complying with the rules of trade, the trader will destroy his account...
