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Abstract:Learning to control your mentality proactively rather than reactively is what differentiates the market's top 10% from the rest.
Having a set of guidelines to follow is essential in the world of trading. Some people have rules for everything we do, which we believe is a HUGE mistake because, provided you understand the context of the price, you should know what to expect from it. After that, follow some guidelines as you carry out the trade.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Want to make a mark in forex trading by seizing hidden growth opportunities or preventing capital loss? Learn the art of locating orders. With an in-depth understanding of order functionality involving the impact on trades, traders can successfully navigate the forex market. As far as buying is concerned, traders need to acquaint themselves with a buy limit and a buy stop. These two orders play a critical role in helping traders enter and exit the market efficiently.
Discover why the world’s most traded currency pairs offer unmatched opportunities for forex traders, and what hidden risks you need to watch out for before diving in.
Do you think that trading in the most volatile currency pairs is a loss-making proposition? Maybe you are missing out on the profit waiting for you! Yes, you still need to be tactical and strategic when opening and closing positions. However, the increased possibility of dramatic price movements in currency pairs opens up avenues for higher profits while also exposing you to market risks. In this article, we will discuss the most volatile forex pairs worldwide. Read on!
Seeking a successful run in forex trading? You need to master the forex price action strategy. Many of your fellow traders are using it to continue earning profits in a volatile market environment. Price action in trading analyzes the performance of a currency pair and provides hints about its potential future direction. If you find that the currency pair price is likely to surge in your price action analysis, taking a long position is advised. If it suggests a price fall, consider taking a short position.