Controlling emotions and overcoming fear is probably the most difficult task a forex trader has to accomplish. Fear could often paralyze you into a state where you experience an unsteady thought process and probably end up taking some of your worst trading decisions. When you let fear overcome you, forex trading turns into a nightmare. Fear can manifest itself in many ways with the most common situation being when a trader is fearful of losing money and any potential profits. Fear is probably the most significant emotion for traders. Many...
When the currency market was opened to the ordinary investor via the internet a few years ago, a multitude of investors flooded the forex brokers hoping to get their share in the profitable pie that is the foreign currency market. But after statistics show that 90% of their forex investors got burned within the first three months of making their first trade, the realization quickly spread. Trading forex on your own might be dangerous if you are inexperienced since you may well lose you all or major part of your fund. Forex managed account is...
Some argue that globalization has been the biggest factor on how our daily lives are shaped and point out the positive impact this trend has had around the globe. Since the election of US President Trump and his anti-globalization effort in order to make America great again, fears have risen that globalization is slowing down and could be dead. Before digging deeper into this theory, the fact that the world’s largest economy feels it needs to reign in globalization in order to restore its own economy shows that there remain large issues when...
Ciao everyone, I’m Alessandro from Montegiardino in San Marino. As you can probably imagine, it is a very tiny community. We have less than 1,000 people living here, but it is more about quality. You may remember the Eurovision Song Contest of 2015, our singer Anita Simoncini is from Montegiardino. It is also home to San Marino’s only university where I studied Engineering Management. Montegiardino was the last commune which joined San Marino in 1463 which ended the territorial expansion of my country. As you can see, despite out tiny size of...
No matter what currencies you actively trade, you are going to be facing a competitive market, which will be filled with constantly changing prices, costs, fees, spreads, and commissions. Having a prior-tested and adaptable trading strategy is crucial for anyone who wants to survive and thrive in the world of forex trading. The actual trading strategy you adopt will largely come down to your skill level, capital, and attitude to risk. However, no matter which direction you head in when it comes to market approach, the importance of having a...
