One of the biggest things in trading is the placement of Stop Losses in your trades. Part of any money management system, Stop Losses orders bring discipline to Forex traders. Any Forex trading strategy starts with planning. To manage future Forex trades, traders plan both the entry and the exit. While the aim is to profit from every trade, the reality tells a different story. Losses are part of the trading game. And, they happen quite often. The secret is to manage them. Or, how to react when they appear. The Stop Loss is an order, which you...
It is safe to state that the next few weeks before the official March 29th deadline will be chaotic. UK Prime Minister May was unable to push her hated Brexit deal through Parliament on two occasions and Parliament Speaker John Bercow told May that she can’t have a third vote on the same deal. This means in order for her to get a vote in Parliament, fundamental changes in the current deal need to be implemented. The EU stated that there won’t be anymore changes from their side, but a frustrated EU told May she would get one final chance to get...
Experienced traders are well aware that professional trading on Forex can bring a good income. In order to trade currencies at a professional level, it is necessary to devote sufficient time to this and be diligent in terms of studying the market. Many have heard that the vast majority of Internet users who decide to make money with the help of Forex, subsequently lost their capital. Along with these unfortunate newbies, other traders receive a steady income by buying and selling currency. So how can you achieve a positive result of...
There are many different tools that are going to become available to you as a Forex trader and one of those tools is something known as an Economic Calendar. On each day of the working week, you are going to find all developed countries of the world will release data based on several different market sectors in those countries. There are many tools that traders use to base trading decisions on. You can’t consistently make successful trades without knowing the current state of the market, using an economic calendar is an easy quick way...
Hello World! This is actually my first post ever. I couldn’t help myself but to take the infamous WordPress first post which I saw on my friend’s screen, an avid WP blogger and independent financial contributor, several times. My name is Mehmed and I am from Batman, Turkey. I am a 22 year old student at the Batman University where I currently work on my engineering degree. I stumbled into forex trading roughly three years ago and can thank the typical university lifestyle for it. As most other students, I am struggling to make it through...
