The best forex traders are the ones who can control their emotions and detach themselves from their toxic emotions during their trading activities. Most traders feel the excitement, pride, and joy when they are successful, but they feel drained, depressed, and incompetent when they have bad trading days. When traders suffer several large losses in a short period, they tend to “revenge trade”, with the mindset they will turn their current losses into profits. However, their state of mind isn’t objective anymore, and so they keep making basic...
The US may announce tariffs on as much as $200 billion worth of Chinese imports, on top of the $50 billion already in place, as soon as this week. On Thursday a public commenting period ends, and sources in the White House stated that President Trump would like to move soon after that. China has already vowed to retaliate in kind as the US-China trade war is set to deepen. With US elections in November, where some analysts predict that Republicans may lose the House of Representatives to Democrats, China is in a great position. Patience has...
Forex market is a young and developing market of currency exchange, whose daily turnover exceeds all the financial markets of the world. Unlike the equity market, where investors often only invest with the institutional investors, (like mutual funds) or other individual investors, there are extra participants who trade on the forex market for the whole different reasons than those on the equity market. The currency market includes transactions in spot forex currency pairs, forward contracts, currency futures, OTC currency options, and exchange...
Good day to everyone, my name is Michael and am from Durban, South Africa. I want to cur straight to the chase and not waste anyone’s time with long explanations about forex trading in general. I am 51 years old and have been active in the forex market for 25 years. I know first hand how hard it is to make money trading forex, not because of the market itself but rather the lack of capital many forex traders start with. Even if you make 10% per month, every month, if you only have $1,000 in your account that would mean $100 per month in...
Sweden doesn’t make the headlines very often as it used to be a very peaceful, Nordic economy usually ranked in the Top 5 countries to live in. A well educated population, wealthy and great living standards. Things have changed over the past decade and the September 9th election are deemed historical as it could change politics in Sweden dramatically. The Social Democrats are predicted to suffer heavily for the policies they pushed and for ignoring voters concerns. Their governing coalition could collapse as opposition parties add to...
