The lie we all know is Forex is profitable. But do you know that forex is stressful and depressing before you reach the profitability and success?
Slow and steady wins the forex race. People usually go into the forex markets because they believe it is a get-rich-quick environment. They only realise its much more harder than they expected after getting in. They then leave empty handed. This article explains why it is better to shoot for a slow consistent gain than the huge occasional gains.
The Encarta Dictionary defines Patience as "the capacity for waiting: the ability to endure waiting, delay, or provocation without becoming annoyed or upset, or to persevere calmly when faced with difficulties". As a trader, it is very essential that you are able to wait when conditions for your entry (according to your trading plan) are … Continue reading Patience! The best Forex trading Strategy.
First, who is a broker? A broker is a bank-like business that allows you trade on the forex market. The forex market was initially created for big businesses and countries. Therefore, the minimum amount traded on the market was exceptionally huge (your whole life income and savings might not help you trade on the market … Continue reading Can I trust my Forex broker?
Forex Trading is buying or selling currencies of different economies or countries. Forex simply stands for Foreign Exchange. It also refers to currencies. Forex can simply be stated as FX. What commodity is traded on the forex market? Currencies are the main commodities of forex. And this commodity is bought and sold on the foreign … Continue reading What is Forex Trading?