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
Trading Tips
Top 5 Forex Trading Terms You Need to Know
The forex trading industry has its jargon or special terms that all participants must know. Having a good understanding of certain terms can help you become a better trader. In this article, we will look at some of the most important forex terminologies or jargon that you need to master. Currency pair A currency pair refers to a set of currencies that you buy and sell … [Read more...] about Top 5 Forex Trading Terms You Need to Know
Quote
Beginner traders often feel bombarded by common forex jargon that can confuse and confound their understanding. In order to better one’s understanding of the market and stock phrases that accompany currency data, one has to know what those phrases stand for. In today’s article, we go through the definition of ‘quote’ currency and explain it in context. What is … [Read more...] about Quote
Volume
Volume is a significant influencing factor encountered in trading. Being decentralized, the Forex market does not use a specific volume formula to track the contract magnitude or their numbers, as is done for the stocks. How to measure the volume Tick movements are counted to measure volume. This is done as the price movement here happens in up or downticks. So, … [Read more...] about Volume
Bear Trap
Forex trading can be a jungle for those who are not aware of how the financial markets function. A bear trap is amongst one of the traps that one can fall prey to. Bear traps can have devastating consequences when traders fall prey to them. They seem to indicate the onset of a downturn but in reality, lead to a steady increase in the price. In this article, we take a look at … [Read more...] about Bear Trap
