What Does Fearful Money mean to Traders?

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Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with. An example of hot money is … Continue reading What Does Fearful Money mean to Traders?

Trading Psychology: How to Begin Thinking Like a Professional Trader

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Learning how to regulate psychological conflicts is as important as developing a well-defined risk/money-management strategy and trading methodology. Having all components function side by side is paramount to successfully trade. Unfortunately, trading psychology is often overlooked. Many traders mistakenly believe developing solid trading methodologies is all that’s required to profit. If you’re incapable of regulating … Continue reading Trading Psychology: How to Begin Thinking Like a Professional Trader

What snipers can teach you about trading

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A military sniper’s edge is not only crucial, it’s also extremely extensive! Determining distance, selecting camouflage, preparing a suitable location, making sure that the rifle is well-sighted, having the correct mindset and showing patience are just some of the components that help form a sniper’s edge in the field. Without it, there could potentially be … Continue reading What snipers can teach you about trading

How to identify trendlines

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Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation.  … Continue reading How to identify trendlines

What is a margin call?

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One of the most unpleasant experiences a trader can face is known as a margin call. To understand the dynamics behind this feature one must first appreciate what margin is in the forex market, which unfortunately is a commonly misunderstood concept. What is margin? Margin is essentially a good-faith deposit that’s required by the brokers … Continue reading What is a margin call?