Scaling in Scaling in is a form of trading that entails beginning with minimal overall exposure and progressively increasing it over time if the trend looks favorable to you. The rule of thumb here is to not increase your position until you are certain that the price will continue to move in your favor for some time. Opening a position with just a fraction of the amount … [Read more...] about Scaling In and Scaling Out in Forex
What are some of the main tools we need in forex trading? This article will cover a list of these along with their functions and where to find them. The Founding Father of the United States, Benjamin Franklin, once said, “The best investment is in the tools of one’s own trade.” Aside from skill, knowledge, and experience, what separates professionals from amateurs is the … [Read more...] about What Should Be in Every Professional Forex Trader’s Toolbox?
Plato once said the highest form of pure thought is mathematics. While maths is not everyone’s strength, trading the forex markets is largely a game of numbers. The better you are at math, the greater your chances of success become. Importantly, traders should only focus on the essential statistics and disregard the others, which have little influence on your profitability. … [Read more...] about The Essential Mathematics Every Forex Trader Should Know
Australia is a developed country of more than 25 million people and has a GDP per capita of more than $55,000. The country is well-known for its close proximity to the Chinese market and its vast natural resources. It is also one of the top financial centres in the world. In this article, we will look at the forex trading landscape in Australia. Forex in Australia Forex … [Read more...] about Forex Trading in Australia Guide
Switzerland is the world banking capital and the country that holds the largest gold deposits and more than one-third of all private wealth on the planet. Switzerland is known for being neutral to political problems, making the Swiss franc one of the world's leading safe-haven currencies. On the other hand, Japan is the economic powerhouse of Asia, the third-largest economy, … [Read more...] about FX Exotics: The Guide to Trading CHFJPY