With regards to the checklist, a trader who
- Always sets SL and TP and stays true to it,
- Focuses on trading only a fewer symbols at one time,
- Does not have much difference between their average loss per trade in $ and average win per trade in $,
- Is fixated at the timing of their trades...
Learnt something new, thought to share here:
A lot of successful traders and portfolio managers nail trade execution. This helps them have an added advantage to their trading strategies.
Even the Chartered Financial Analyst (CFA) program, highlight that learning about trade execution is...
Net negative I would rather say as the transaction costs (spreads), swaps, and currency conversions, costs we neglect due to its minimal value often is what turns the sign of the equation for a trader.
With regards to what you highlighted above, I think we miss out on a lot of little details that we often overlook.
Funny that I have learnt this in CFA. They train one on how to equip all the tricks to make a great portfolios but what they also emphasize on is the importance of 'trade...
The key word you used there is "most" and I feel that's where the gap begins to grow. Here we explain FX for starters.
Let's highlight the following for our readers:
- Factors that can cause the EUR/USD to move in unexpected directions, even with favorable news for the Euro
The above...
90% of traders lose but do we know why?
The reason is purely lack of information on factors that have an impact on the trade and price movements.
The world of forex trading might seem complex, but at its core, it’s about understanding how one currency compares to another.
Price movements in...
Hi all, hope you are well.
I'm very glad this question was asked. I'm personally on a mission to change this fact.
I believe people trade for two reasons primarily, (1) To take trading up as a profession/financial independence or (2) To build a new source of income. In my opinion, this...
Hi all, hope you're well.
Understanding forex trading is complex yet beautiful. It gives us a sense to predict where the world currently is and where it could go next.
However, I think we have a misconception of forex. We miss what makes it so big and how do the numbers actually work.
What...