based on emotions. Stick to your trading plan, execute trades systematically, and avoid making emotional decisions based on fear, greed, or FOMO (fear of missing out). 5. Stay Calm and Objectives: It...
Understand the Events: Familiarize yourself with the different types of economic events listed on the calendar, such as interest rate decisions, GDP reports, employment data, and inflation numbers. Ea...
from these fluctuations by buying a currency pair at a low price and selling it at a higher price. Another important concept in forex trading is leverage, which allows traders to control a larger pos...
is not using stop-loss orders. A stop-loss order is a predetermined price at which a trader will exit a losing trade. By not using stop-loss orders, traders risk losing more money than they can afford...
in Forex trading. One of the key features of the Forex market is that it is decentralized, meaning that there is no central exchange or trading floor. Instead, currencies are traded over-the-counter ...
2024-09-20 06:28:53