Overview Entering a forex position is easy as pie; exiting is anything but. We should consider trading the markets as a transaction of carefully-planned stages where we account for every phase. These can be grouped as planning, entry, trade management, and, last but not least, the exit. Of course, a successful trader spends a great deal of time mapping out each step … [Read more...] about How to Exit Your Positions Correctly – Forex Risk Management
Forex Trading Strategies
What Are the Fees a Forex Trader Pays and How to Keep Them Down?
There are expenses that forex traders must pay to conduct their trading. There are optional fees for items that the trader may choose to buy, such as news services, specialized technical analysis services, gadgets to use, speedier connections, and mandatory costs, which are expenditures that every trader must pay. You'll have to pay a specific amount in charges or … [Read more...] about What Are the Fees a Forex Trader Pays and How to Keep Them Down?
Turtle Trading: How Does It Work for Forex?
Turtle trading is a well-known trend-following method that traders employ in order to take advantage of long-term trends in the market. It is utilized in a variety of financial markets to identify breakouts to the upside and downside. The term does not refer to how fast the trade is. Two American commodities traders, Richard Dennis and William Eckhardt fought it out and came … [Read more...] about Turtle Trading: How Does It Work for Forex?
Cryptocurrencies vs. Forex Trading: How Do They Compare?
When it comes to trading financial assets, forex and crypto are right up there on the list of investor choices. This is because of the profit potential they offer. The good news is, both markets have some degree of interoperability, which means if you’re conversant with one, the learning curve for the other will not be as steep. That being said, let's dive into the features … [Read more...] about Cryptocurrencies vs. Forex Trading: How Do They Compare?
MT4 vs. cTrader: What You Get With Both Platforms
With the constant evolution of technology, trading platform developers have increasingly user-friendly programs for experts and beginner traders alike. Further, they’ve incorporated a breadth of features to facilitate easier trading. The choice of a trading platform thus boils down to the extra bells and whistles that set each platform apart from its competition. In this … [Read more...] about MT4 vs. cTrader: What You Get With Both Platforms
