Trading psychology refers to the state of a trader’s mindset, which boils down to how they’re dealing with their emotions while making trading decisions. The most successful traders are those that can keep their emotions in check and remain rational while making their trades. The purpose of this article is not to invalidate these emotions. On the contrary, we aim to teach you … [Read more...] about Emotional Trading and How to Improve Your Trading Psychology
Trading Tips
FX Trading Business Plan
The forex market is the world's largest market by capitalization. With about $5.5 trillion in daily trade, it presents investors with numerous opportunities to make a substantial profit. As soon as you have produced a decent trading plan that you believe will allow you to trade in a disciplined manner, you should compile all of your trading strategies into a … [Read more...] about FX Trading Business Plan
What Is Slippage and Why Do Forex Traders Dread It?
Slippage is a case whereby an order is fulfilled at a price other than the customer's order. Slippage is an expression used by both stock traders and FX dealers. Because of the rapid price fluctuations in the financial markets, the time required to fulfill the order might lead to slippage. Occurrence of slippage In instances when the market is highly volatile, or … [Read more...] about What Is Slippage and Why Do Forex Traders Dread It?
Gap Trading in Forex
A forex gap is defined as an instance where the previous day's closing price does not match up with today's opening price. This results in the creation of an empty space or gap in between the two candlesticks, as shown below: Forex markets, which are open twenty-four hours every day, are technically closed for the weekend. Only retail traders are barred from participating … [Read more...] about Gap Trading in Forex
Forward Swap and How to Use It
Before we can define what a forward swap is, it’s important first of all to understand what a swap is in foreign exchange. A foreign currency swap is a mutual accord between two entities concerning the exchange of legal tenders. Swap agreements usually contain a swapping of capital and returns of payments on a loan created in a legal tender for capital and … [Read more...] about Forward Swap and How to Use It
