To keep control of your emotions in trading, you need to practice good trading psychology. This is a way of changing your mindset and becoming as logical as possible. Traders experience forex trading failure due to conflicting feelings. To achieve success in trading, you have to accept that forex is risky, and while money is involved, it is not always …
Anna Kharchenko - author at ForexTrend
5 Day Trading Strategies for Beginners
In day trading, the ability to read charts is basically a survival tool. Understanding the current price movement of the stock will help predict its future movements. Historical data is used to determine price patterns and make predictions out of it. This is based on the logic that historical patterns tend to repeat over time. It might seem complex at …
Best 7 Bitcoin wallets to choose in 2019
Bitcoin, as we know it, has risen in popularity and has taken the world by storm. The skyrocketing advancements of technology and security systems have made trading cryptocurrency arguably a more accessible, safer, and more private investment opportunity compared to its government-backed counterparts. Here, we will look into the top 7 best Bitcoin wallets of 2019. Coinbase Coinbase is crowned …
Swing trading strategies for forex
Swing forex trading strategy is a type of trading that aims to acquire gains in a stock. It also seeks to capture a swing or a single move with the help of daily and weekly timeframes. This is ideal for minimizing losses by closing a trade just before the occurrence of market pressure. WHAT ARE SWING TRADING STRATEGIES Though there …
A Brief History of Forex
Forex (FX) is the marketplace for trading currencies. The Forex market is a venue for currency exchange. Here, Trillions of Dollars are traded every single day. Since its history, Forex has no centralized location. The Gold Standard In 1879, $20.67 equals an ounce of gold. This is the Gold Standard. Here, a country’s currency holds a value exchangeable to gold. …
How to trade forex
It is comforting to know that it doesn’t take a genius when placing a trade in the foreign exchange market. Let us start with the buying and selling of currencies. The primary aim of a trader when exchanging currencies is that the currency the trader chose to buy should increase in value compared to the sold currency. In this case, …