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
Is it worthwhile considering a job at a prop firm these days? For some, the monetary risk and lack of proving the authenticity of large trading capital may be the only reasons they neglect them. On the other hand, there are some benefits of increasing earning potential and becoming an even better risk-conscious trader for those who become successful. If under-capitalization … [Read more...] about Are Forex Prop Firms Worth It?
Countless brokers and third-party services offer various rebate programs, but are they worthwhile for traders? Receiving cashback from every position regardless of whether it wins or loses is a great incentive, and over time, little savings can accumulate into larger amounts over time. However, there are some key considerations to make before joining any rebate … [Read more...] about Forex Rebate Programs, Are They Worth It?
Fear and greed are among the key concepts in the financial markets. When not managed well, the two concepts have led to the destruction of many traders. In this article, we will look at the best strategies to manage fear and greed in day trading. What is the fear? Fear comes in many ways for day traders. First, there is the popular concept of fear of missing out (FOMO). … [Read more...] about How to Manage Fear and Greed in Day Trading