Wondering what Mirror trading is? It’s an innovative trading strategy that can help you with trading or even setting up your trading strategy. Especially beneficial for newbies, mirror trading allows you to mimic the trading decisions of seasoned traders. Read further to understand how you can incorporate mirror trading to optimize profits while investing. What is … [Read more...] about Mirror Trading. Someone’s experience value in Forex
Forex Basics
Understanding probabilities in trading
Trading any financial market is a game of probabilities and NOT certainties. Even the smartest mathematicians understand this one fact that seems to allude struggling traders. Fortunately, the probabilities of trading are simple to understand. The best and most used likeness for comprehending probabilities in trading is the coin toss. The coin toss and the financial markets … [Read more...] about Understanding probabilities in trading
How Can You Use the Golden Cross in Forex?
Interpreting and exploiting the statistical figures are two very important things you have to excel at to succeed in forex while using technical analysis. The key tool that helps in this endeavor is the chart form. By knowing the various forms and their meaning, you can easily foresee market performance. One such form is the Golden Cross. This guide will take you … [Read more...] about How Can You Use the Golden Cross in Forex?
How to treat your forex trading career like a business?
Trading forex is a serious business, and we should always treat it as such. Interesting similarities of successful trading are analogous to successful businesses. It is not merely about profit and losses as there are other philosophies applicable in both spheres. Traders are skilled risk managers like entrepreneurs and business people By nature, trading is inherently … [Read more...] about How to treat your forex trading career like a business?
Advantages and disadvantages of forex ECN/STP and market maker brokers
Types of brokerage models matter? Brokers that deal with the forex markets fall under two umbrellas, brokers that send your orders to liquidity providers or the interbank market, and others that route your orders to their internal intermediary, known as a dealing desk. Being that the forex market is a decentralized market makes it very difficult for outsiders to know, … [Read more...] about Advantages and disadvantages of forex ECN/STP and market maker brokers
