In 1944, Bretton Woods Agreement was born. For a newbie trader who is interested in understanding the exchange rate systems, finding out more about the agreement may be the trick.
What is the difference between virtual and live on forex trading? There are so many comments on the topic, but if I can sum it up here, it is essentially a difference about our feeling in treating virtual funds compared to real money.
In forex trading, each trader usually has particularly favorite currency pairs that became his mainstay. This is because before opting to stick with a certain pair, we have to observe all the pairs first. Beside of that, the pair we choose to trade with can help determine our trading schedule.
Shifting Stop Loss (SL) is what commonly called as trailing stop, and it is done mainly to protect the profit we have gained from our ongoing trades. It needs particular diligence to apply Trailing Stop manually.
Someone who wants to start forex trading should first know the anatomy of the forex market to understand prices, supply, and demands in the forex market.
Negative balance in forex trading account could actually happen. Hence the questions, how retail forex traders can avoid negative balance? Do we really have to pay back what we owe forex brokers in the event of negative balance?
After Mind and Money, the third pillar of success in forex trading is Method which stands for trading strategy used by traders. Although there is no 100% accuracy trading strategy, there are several strategies with high enough accuracy that allows you to generate profit in the Forex market.
Why do a lot of profits turn into a loss position (loss) and good trading strategies produce more loss than profit? As continuation from the previous article about the role of mind in forex trading, here we are going to talk about the second M on the three pillars of forex trading: Money.
One of the most basic tenets of Forex trading is knowing what you are doing before you begin. The key is to understand what trading Forex is all about so the effort will be worthwhile and profitable.
