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Forex Trading Psychology
What Is Forex Trading Psychology? Forex trading psychology refers to a trader's emotions and their mental state. It is one of the most important deciding factors of whether a trader will make it or not . It is also about a trader's character which plays a...
Economic News 06-10 July
Weekly Economic News To Watch This Week Previously on the news: Due to a bank holiday on Friday, U.S Non Farm Payroll was released on a Thursday. Job numbers rose to 4800K Vs 3037K. These numbers were not necessarily about new jobs, but more about existing employees...
3 Ways To Avoid Margin Call In Forex
What Is Margin Call? Margin call: When your trading account does not have enough funds to sustain open losing trades. The broker will then close all your positions automatically one by one until the account shuts down completely. You could have an account with a $5...
Economic News 15-19 June
Economic news to watch this week Bank Of Japan (BOJ) will issue their monetary policy statement on Wednesday. U.S Retail Sales stats are expected to rise to 7.4% versus -16.4% expected. Fed Chair Jerome Powell is also due to testify on the Semiannual Monetary Policy...
Identify Your Trading Personality
Mind your personality I believe as people we are different, we have different ways of doing things. Our personalities play a big role in the type of businesses or careers that we end up choosing . I am fully aware that as traders, we are all different in...
Economic News 08 -12 June
Economic news to watch this week We are kicking off our week with a speech from the European Central Bank (ECB) President Lagarde. She is due to testify at a virtual hearing before the European Parliament Economic and Monetary Affairs Committee, via satellite. On...
Forex Trader Vs Forex Gambler
There's a thin line between trading and just gambling The statement above can be very true for many people. It was also very true for me too for so many years. It is very easy to adopt a gambler's mentality when trading the financial markets, especially when you are...
Economic News 01-05 June
Economic News To Watch This Week This week on Tuesday, Reserve bank of Australia (RBA) is expected to maintain their Interest Rates at the current rate of 0.25%. On Wednesday Bank of Canada (BOC) is also deciding on their Interest Rates. They are expected to maintain...