Aside from participating as a trader, you can register in a forex broker to earn income from its forex affiliates program. How does it work and what important things to consider?
In this article, we will explore the difference between cent account and standard account, along with their advantages and disadvantages so that you can find the one that suits you the most.
Despite their respective reputation among traders, both ECN and fixed spread have advantages and disadvantages. How to know which one is better for you?
Brokers can send a warning email or letter to the traders that violate their rules. What are the common mistakes that traders do and are those accusations always correct?
Using a trading journal is essential for every trader no matter what strategy they rely on. If you are implementing carry trade strategy, here is an important guide for creating the trading journal.
Each broker has a different set of rules regarding their commission fees. This article will discuss how to measure forex broker commissions and see if their conditions are reasonable enough for traders.
Not all of stop loss hunters are scheming brokers who want to trade against you. Sometimes, falling into the trap of stop loss hunters is due to your own mistake. What can you do to protect your money from them?
"Learn to take losses. The most important thing in making money is not letting your losses get out of hand."
Michael Marcus
"Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough."
Bill Lipschutz
"If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money."
Bruce Kovner
"Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature."
Peter Bernstein
"The fundamental law of investing is the uncertainty of the future."
Alexander Elder
"Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets."
Bruce Kovner
"I know where I’m getting out before I get in."
Jesse Livermore
"There is a time to go long, a time to go short and a time to go fishing."
Nicolas Darvas
"I believe in analysis and not forecasting."
Bruce Kovner
"Novice Traders trade 5 to 10 times too big. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on."
Paul Tudor Jones
"I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have"
Jack Schwager
"There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer."
Alexander Elder
"Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds."
Warren Buffett
"Risk comes from not knowing what you're doing."
Peter Lynch
"In this business, if you're good, you’re right six times out of ten. You’re never going to be right nine times out of ten."
Jim Rogers
"I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime."
Victor Sperandeo
"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading."
Warren Buffet
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
Alexander Elder
"The goal of a successful trader is to make the best trades. Money is secondary."
George Soros
"Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected."
Jack Schwager
"There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer."
Ed Seykota
"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance."
George Soros
"It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong."
Larry Hite
"I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet."
Bruce Kovner
"If you personalize losses, you can’t trade."
Mark Douglas
"If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist."