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In the world of trading, managing risk is as important as executing successful trades. One of the most significant metrics that traders use to assess their risk is drawdown. Drawdown refers to the reduction of a trader’s account equity after a series of losing trades. Understanding how to calculate and manage drawdown is essential for […]
How much should you risk per trade? This is probably one of the frequently asked questions by forex newbies. Well, the answer is to try to limit your risk to 2% per trade. But that might even be a little high. Especially if you’re a newbie forex trader. Here is an important illustration that will show
In all my years of trading and talking to fellow currency traders, I have noticed that newbie traders are susceptible to five main psychological pitfalls. I have decided to highlight these 5 trading psychology pitfalls so that you don’t get caught in the same mess as other traders who have been caught in the same.
Knowing the difference between common forex trading myths and reality is essential to long-term success. In this article, guest editor, Dr. Gary Dayton explores the top 10 trading myths to be aware of. Notably, these myths are closely linked to trading psychology, which goes hand in hand with a successful trading career. 1. People are born traders. While
Let’s be honest, trading can get discouraging at times. Even professional traders have losing months sometimes, so don’t be too hard on yourself. I think it’s good to remind ourselves sometimes just why it is we do this. A little positivity and fresh focus on the reasons we all got interested in trading can be
Do you want to become a successful trader? Well, you are going to look at how to avoid the 12 trading mistakes that are common and traders often fall victim to. You’re going to make mistakes as you learn to trade, but the traders who actually start making money are the ones who LEARN from
Do you want to learn the Expert tips that differentiate successful traders from gamblers? Well, there are a lot of them but today will are going to cover 10 of them. When you read about Forex blogs, you will find a lot of thoughts about the trader’s mindset. Pros in trading, professionals, and forex experts
To trade profitably involves many things and the important one is the ‘mindset’. The mindset of a successful person. You can’t find a profitable trader who doesn’t have that mindset. You need the mental strength to be on this journey without backtracking. This mental strength is not an inborn quality and it can be built
Forex trading is a great way to make money, but it can also be a risky endeavor. To be successful in forex trading, you need to have a good understanding of the markets, the right tools, and the right strategies. This guide will provide you with the information you need to get started in forex
Investing profitably demands a brokerage service finely aligned with your unique investing goals, educational needs, and learning style. The journey for new investors hinges significantly on the choice of the best online stock broker, making the difference between a thrilling new income stream and a road filled with frustrating disappointments. Key Considerations for Selecting Your