Stop orders are mainly used to protect losses on a position, take profit on a position, or enter the market on a breakout. Regardless of why a trader uses stop orders, buy stop orders should always be placed at the market price or higher (asking price), while sell stop orders should always be placed at […]
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Each trader should pay attention to how high the volatility is in his chosen currency pair. The choice of a trading strategy depends on this and the profit that a person can get. The impact of volatility on trading Volatility is the fluctuation in the value of a currency over a given period. If a
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In our lives, we are all responsible for our actions, for our successes and failures. Preventing failure is an integral part of this process. If you repeat to yourself: “I’m not ready for trading right now.” “I’m not disciplined enough.” “I hate looking at a computer all day and doing nothing.” “I see a deal,
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Each Forex trading advisor contains a certain market strategy, a kind of response scenario to certain trading signals, an algorithm of behavior when buying or selling currencies. Here, a direct relationship comes to the fore: how good the strategy is, the EA is just as profitable. But advisors are applications for Forex trading systems, so
How do Forex advisors work, and how to use them? Read More »
Every day there are innovations related to the execution of orders in the forex market. It is rather difficult for a beginner to understand how they differ, and it is difficult to choose which type of execution will be the most profitable. So, there are two main types of orders that we will encounter –
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US lawmakers approved $ 1.9 trillion in stimulus, and the US labor market report, which was released on Friday, was strong. However, despite this, sales are observed in the market of risky assets, so the dollar is strengthening. The dollar index traded near three-month highs on Monday after a massive US Senate’s massive stimulus bill
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Literature is an important self-educating tool for any trader on financial markets. Learning new things helps a trader minimizes his expenses and increases his earnings. We bring the best books on technical analysis to your attention, which will be useful to both novice traders and professionals. Technical Analysis Books “Technical analysis: Simple and clear. ”
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Unsystematic trading forces the traders to work harder and harder in the hope of making a profit. It gets to the point that they develop a real addiction to trading. Some traders start to trade too actively. Mostly it concerns short positions. And the reason is simple – the trader has not identified a constructive
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