Did you know that you do not have to be right each time you interact with the market? Heck, you don’t even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than … Continue reading Thinking in Probabilities
If you’re in this business for a dose of excitement, we can say with a high probability that you will eventually lose your entire account! For traders just beginning their journey, they may find the above statement a little off-putting, or even confusing. Is trading not supposed to be one the most exciting activities in … Continue reading Why Trading Should Be Boring
In terms of sheer size, the forex market is by far, the largest animal in the financial jungle. It boasts unparalleled features that clearly set it apart from other financial markets. The great thing about this is that it offers a plethora of advantages to both new traders just beginning their career, and more experienced … Continue reading Forex Market vs other Financial Markets
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?