In my 15 years of trading the forex markets I have seen many traders enter and then leave the forex marketplace due to being unable to sustain long term profits. Many traders... moreIn my 15 years of trading the forex markets I have seen many traders enter and then leave the forex marketplace due to being unable to sustain long term profits. Many traders become profitable, but once they become profitable, they get overconfident and careless and often lose their entire account. Statistically, about 90% of forex traders will lose their whole account.To get more news about KOL Analysis, you can visit wikifx news official website. In this article I want to highlight my two key pillars, which will ensure long term success. If a trader makes these points as the 2 most important aspects of their trading, losing an account will be an event of the past. Risk Management Overcoming greed When I started trading 15 years ago, my mentor pushed this point into my head, over and above everything else, even before we started trading, risk management was discussed in great detail. This concept has stayed with me since then. Firstly, it is important to understand that... less
We will be discussing a very basic but highly useful resource in today's lesson which can provide valuable information to the trader.To get more news about KOL Analysis, you can... moreWe will be discussing a very basic but highly useful resource in today's lesson which can provide valuable information to the trader.To get more news about KOL Analysis, you can visit wikifx news official website. Essentially, there are many ways in which you can use a pair's daily trading range information to help you do better trades. Currency graph is the major source of reference for traders in order for them to know or identify the markets conditions other than the economic news. Currency graph is divided into 2 main axes: 1) X axis: fixed data/information (time) 2) Y axis: fluctuate data/information (currency price) These two combinations will produce a wave presenting the change in currency price is equivalent to the change of time. Currency volatility are usually move in an approximately similar range according to certain seasons. This range equivalence graph movement can help us to estimate our potential trade profits or risks based on the entry point within that... less