Forex risk management is one of the most debated topics in trading. On one hand, traders want to reduce the size of a potential loss, but on the other hand such traders also want to benefit by getting the most out of a single trade. It is no secret that in order to gain the highest returns you need to take greater risks. This is where the question of proper risk management arises. It doesn't matter how great your trading strategy is if you don't have a robust risk management system in place as well. Risk Management is the key factor that is...
As Christmas and the New Year are approaching, most traders usually start thinking about taking vacations, what kind of presents to give their family and friends, or looking forward to holiday parties. However, if you still want to trade the markets on holidays, understanding the inherent risks and dangers of after-hours trading may limit your risk exposure. There are a lot of reasons to avoid trading on holidays. Market inactivity, lack of liquidity and unexpected behavior may make trading on holidays very difficult. Many argue that a lack...
As traders in a 24-hour market, we are certainly forced to contend with a good amount of stress and trading pressure. Many times this stress is intensified through periods of losing streaks and rough patches. But in the end, it is the coping mechanisms used to handle this stress that ultimately determine our ability to find a healthy and profitable path. Given the fast-paced nature of the forex market and its potential to result in monetary losses, it is not surprising that a lot of traders are under lot of pressure. A successful trader’s...
Scalping is very common, especially in recent times, a kind of Forex trading strategy, which is of great interest of market beginners. Why beginners are so interested in it? Well, it should be noted that this method is not a thought-out strategy of Forex, and to use no need to have harsh and giant experience and deep knowledge of the Forex market mechanisms. Thus, it is most convenient just for beginners. But experienced traders, who have long and firmly formed their own niche in the market, try to avoid the method of scalping since it...
Forex practice or demo account is an account for simulating forex trading in a trading platform – specially designed software for executing trades. You trade under terms which are the closest to the real ones, but on virtual funds. Thus, you do not take any risks. Practice trading account is a great tool both for professionals and newbies. Most of the best forex brokers on the market offer potential investors the option of opening a demo account in order to try out their trading platform and features. Because forex is a...
