We hear and read so many recurring statements about leverage in forex, such as it's a double-edged sword or it's the number one reason people lose substantial amounts of money. Naturally, the question becomes what the correct leverage ratio to use is. People throw around different numbers like 1:200, 1:100, or 1:50. Some brokers have received negative feedback over … [Read more...] about Is There a Recommended Leverage Ratio to Use in Forex?
The 90/90/90 rule in the trading industry that states 90% of investors lose 90% of their money in the first 90 days also holds for traders at a professional level. Some of the mistakes still haunt advanced market participants for a long duration. While they are constantly journaling to remove errors, their past horrors add up to haunt them. Our article will cover all the … [Read more...] about Top Trading Professionals’ Mistakes You Should Avoid
Trillions of dollars in the financial markets attract investors from all over the world, including many scammers. With little to no knowledge of the industry, these fraudsters try and rob you of your money through various Ponzi schemes. Their primary target is beginner traders who are attracted by the get-rich-quick methods. Our article will discuss the potential places where … [Read more...] about Easily Identify Scams with These Tips
The prediction that takes place in the currency markets comes down to several things. For starters, people analyze economic releases and monetary policies to try and predict price action. Besides, some traders base their decisions on the interrelationship that exists between commodities and currencies. Time-tested connections are standard among these two instruments. In some … [Read more...] about Commodities and Currency Correlations: How to Profit From Them
Forex attracts the most number of traders at all times, as the entry level is not high, nor are there any barriers set for beginners. Unlike the stock market, it is pretty easy to get started in the $6 trillion marketplaces and start betting on currency pair’s price fluctuations. The ease of access stems from the fact that one only needs a small amount of capital to start … [Read more...] about Leverage a Double-Edged Sword for Winning Big in Forex