Let’s be honest, trading can get discouraging at times. Even professional traders have losing months sometimes, so don’t be too hard on yourself. I think it’s good to remind ourselves sometimes just why it is we do this. A little positivity and fresh focus on the reasons we all got interested in trading can be […]
To trade profitably involves many things and the important one is the ‘mindset’. The mindset of a successful person. You can’t find a profitable trader who doesn’t have that mindset. You need the mental strength to be on this journey without backtracking. This mental strength is not an inborn quality and it can be built
Creating a trading account is a straightforward process, but it varies slightly depending on the broker you choose. Here’s a general guide to help you get started: 1. Choose a Reliable Broker 2. Visit the Broker’s Website 3. Register for an Account 4. Verify Your Identity 5. Deposit Funds 6. Download the Trading Platform 7.
Latency arbitrage is an advanced automated trading strategy used in the Forex market to exploit tiny price discrepancies between brokers. By leveraging differences in execution speeds, traders can capitalize on fleeting inefficiencies before the market corrects itself. While the concept sounds simple, its execution is fraught with challenges primarily due to broker resistance. In this
How much should you risk per trade? This is probably one of the frequently asked questions by forex newbies. Well, the answer is to try to limit your risk to 2% per trade. But that might even be a little high. Especially if you’re a newbie forex trader. Here is an important illustration that will show