Updated March 2020 What you don’t know can’t hurt you Remaining ignorant or uninformed may apply to some things in life, but not leverage. The more you know the better. Leverage is defined as having the ability to control larger sums of capital using little of your own funds. Leverage in the forex market is … Continue reading What Is Leverage and How Does It Work in the Forex Market?
In this article, you’re going to find out what instruments the majority of investors/traders use in the forex market, and also the cool facts that surround these individual units. What is a Major? In simple terms, a major is a FREQUENTLY traded (liquid) currency. The US dollar, the Great British Pound, the Australian dollar, the … Continue reading The Majors
The word ‘Independent’, or ‘financially independent’, is KEY here my fellow traders! Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one’s mouth. A lot of people are often left thinking that there must be more to life than … Continue reading Why becoming an independent Forex Trader is appealing
Updated May 2020 Regardless of how long you’ve traded a demo account, pulling the trigger in a live trading setting brings with it strong, raw, uninhibited emotion. Traders, particularly newer traders, enter live trading high on excitement. Emotional trading, however, often breeds mistakes – errors that may not only wipe out your account, but can … Continue reading Taking Your First Live Forex Trade: The Emotional Challenge
‘Three great forces rule the world: stupidity, fear and greed’ – Albert Einstein. Greed and fear, two opposing emotional conditions, are principal drivers that have a profound impact on our lives. And unless you’re a robot coated in human skin, dealing with greed and fear is inevitable in trading. Greed and fear: a brief history … Continue reading An Introduction to Greed and Fear in the Financial Markets