Forex Trading and Miscellaneous

For most newcomers to the markets, the phrase “stop-loss” carries an ominous connotation. I am reminded of ransom images and overpaid bank accounts. Both products of the once-promising opportunity failed. However, for veteran traders, stop-loss is not seen as an enemy – it is a powerful tool to prevent financial disaster. Stop-loss is a Science. […]

According to the trading strategy, professionals wait patiently for the desired trade setup and check the conditions for the trading plan. A setup can be a specific price model (for example, a price action pattern ), a combination of technical and fundamental analysis, or anything else. But the main thing is that the pro always

If you are such a Forex trader who already successfully trades in Forex, you will probably ask the question: where is it better to trade on the stock exchange: at home, on vacation, in the office? But the answer to it is not as simple as it seems at first glance. After all, a lot

It is difficult to start something new. It is difficult to take and start running in the morning, change your job, image, move to live in another country, and so on. However, difficulties arise not because “everything is new” is complex and impossible but simply because we have decided that it is. Trading on the

For many years, there has been a dispute between traders about what is initially and, more important, technical or fundamental analysis. This debate is like a discussion between idealists and materialists about what comes first. Sooner or later, every newcomer to the Forex market is faced with this question. Seasoned traders, both successful and less

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

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

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,

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

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 –