To ensure traders' safety, financial regulations have been working to subject financial companies like forex brokers to certain guidelines. Negative Balance Protection is one of them.
There is a wise saying that states "Life is a journey, not a destination". We can't help but agree that the same principle does apply to the forex trading as well. This expression can help us to become way more successful if we interpret it correctly.
About 90 percent of forex traders lose money. However, their mistakes can be avoided if they are aware of them and try to anticipate or fix them right away.
Most of the time, Forex and CFDs are not the only assets offered by brokers. This article discusses on various types of alternative assets popularly traded in forex and CFD brokers.
Leverage becomes a feature some traders consider when choosing a broker. However, is it wise to just make use of the highest leverage offered by a forex broker?
Starting out Forex trading for most beginners can be a daunting task. Therefore, newbies need some basic trading tools to help you stay on the same level as other traders.
Gaining profit is one thing that every traders dreamed of. But as you know that forex is a high-risk trading instrument, you should keep the realistic expectation
"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."
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."
Bruce Kovner
"If you personalize losses, you can’t trade."
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"
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."
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."
Peter Bernstein
"The fundamental law of investing is the uncertainty of the future."
Alexander Elder
"The goal of a successful trader is to make the best trades. Money is secondary."
Warren Buffet
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
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."
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."
Bruce Kovner
"I know where I’m getting out before I get in."
Warren Buffett
"Risk comes from not knowing what you're doing."
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."
Martin Schwartz
"Learn to take losses. The most important thing in making money is not letting your losses get out of hand."
Jesse Livermore
"There is a time to go long, a time to go short and a time to go fishing."
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."
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."
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 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."
Alexander Elder
"Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds."
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."
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."
Nicolas Darvas
"I believe in analysis and not forecasting."
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."