Most beginners in forex trading have the completely wrong mindset throughout the entire lifespan of a trade. From the beginning, middle and after the end of a trade, most people have their mind and focus on the wrong things.
The 3 M’s of trading: Mind, Money, and Method, maybe you have heard of them, maybe not. Either way, in today’s lesson you are going to learn what they mean and why successful trading requires them.
As the year comes to an end, it’s an important time for a trader; it’s time for him to make an honest assessment of his trading performance over the last year. This is an excellent opportunity for you to learn and grow, both as a trader and a person.
When putting resources into the forex market, your prosperity is attached to your capacity to understand and properly execute the money management strategies. Talking about money management can be boring, embarrassing, or even emotionally painful for some forex traders to talk about risk and capital management because most of them […]
Because of its exceptional yields on low investments, forex trading is a huge cash generator of the current financial markets. The question here is how to generate those huge profits. Let’s discuss a scenario. A fighter pilot has a highly skilled job that to most of us seems very sophisticated, […]