Tag: forex

How to Develop a Forex Trading Plan for the Asian Market

If you’re interested in trading currency in the global forex market, we can safely say that you’re not alone. After all, this market currently sees an estimated $5.3 traded every single day, while it’s cumulative value is estimated to be in the region of $1.934 quadrillion. While the market boasts considerable leverage and liquidity, however, it’s also extremely volatile, creating a scenario where you can lose far more than your …
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3 Easy Ways to Maximize Your Forex Trading Journal

Forex trading is a learning experience. How you trade tells a lot about your trading psychology. Do you trade emotionally, do you overtrade when you see a favorable offer, or do you strategize a lot before trading? But most importantly, how do you practice and monitor these things? That’s why it is essential to keep a psychological trade journal. This is your go-to weapon during critical trading situations because it …
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High Leverage in Forex Trading – Good or Bad?

There are many ways to see success in Forex trading, depending on how much effort you’re willing to put into the whole ordeal. While certain methods will generate slow, but steady success, others involve higher risk, but also higher potential rewards. You will keep learning about the ins and outs of these different approaches as you keep exploring the Forex market itself. For now, it’s important to focus on understanding …
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How to Sign a Contract with a Broker?

When starting your Forex trading, you choose a broker and sign a service contract. Only a few traders read this document, because they consider this step as a mere formality. However, some of the conditions specified in this document may change your decision to cooperate with this brokerage company after their detailed study. Brokers often do not allow the the withdrawal of funds, due to terms of contract; it occurs …
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