Forex trading is associated with buying or selling a currency pair in order to profit from the difference between the entry and exit price. Most traders spend more time planning and contemplating entry points than exit points. While proper trade entries are important, most seasoned trading veterans agree that trading success relies on how a trader exits their trades. Trading without the mastery of trade timing and the knowledge of certain good trigger points, both based on experience, will never bring us any profits. If money...
As the Brexit deadline comes closer, market watchers are increasingly more pessimistic about a positive Brexit outcome. A breakthrough, particularly on trade, is needed but as negotiations resumed today in Brussels, the mood is a cautious one. The EU wants to avoid sending a wrong message to Britain, as well as to financial market, in regards to a major progress. Both parties hope that by the end of the year they will come to an agreement, but EU members including Germany asked negotiators not to rush into any preparations for documents...
There is one critical metric that determines whether or not the system/strategy you are trading is profitable or unprofitable: Expectancy tells you what you can expect to make in return for each trade you place in the market. Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus losers. Then determine how profitable your winning trades were versus how much your losing trades lost. Over 90% of traders are trading...
It is often said that there is never a dull moment in forex and that the markets barely sleep. This is true considering that forex is traded across different time zones and different markets leaving little to no room for forex trading to calm down. Unlike with stocks, where the window of opportunity is six and a half hours daily, there are no such constraints in the forex market. Whether it is the unrestricted trading hours or the low trading costs, traders from all corners of the globe are gravitating towards the world’s most liquid...
Bitcoin’s meteoric rise has accelerated in October as the biggest crypto currency rallied past the $5,000 as well as the $6,000 in one month alone and is currently trading above $7,000. Many are wondering how much further Bitcoin can rally before it will enter a correction or a potential crash, if ever. Currently it appears as if $8,000 is a level it could reach and breach and two Goldman Sachs analysts circulated a research note this past Sunday signalling a cautionary note as Bitcoin continues its surge. Many have issued those warnings in...
