Are you finding it hard to deal with the losses that sometimes come with online trading? You’re not alone. Forex trading isn’t easy and we all have our bad days. It can be hard to deal with failure and that is why we’ve come up with 5 trading tips for getting back on track. Every trader knows that the occasional loss is inevitable. The forex market can be very volatile and it’s hard to know what will happen next. Currency prices can change very quickly, especially after big data releases and global economic events. And it’s impossible to get things…
Author: Sarah Urzhumtsev
Sarah Urzhumtsev
With a decade of experience in the ever-evolving world of foreign exchange, Sarah has established herself as a leading expert in forex content creation. Her passion for finance and currency trading shines through in her engaging, informative, and accessible writing style. Sarah began her journey in the forex industry in marketing, quickly realizing the importance of accurate and timely information in this fast-paced market. Driven by her love for writing and her extensive knowledge of the Forex market, she transitioned into a full-time content creator, sharing her expertise with traders and investors worldwide.
Have you ever wondered what it is that makes some forex traders so successful? The answer is simple. The ability to learn from their mistakes and do better next time! Yes, that is right. Most professional and successful traders have made mistakes in the past, and nearly all of them have lost money at some point. But all of them came back stronger – because they never made the same mistake twice! Now, no one likes to make mistakes. In fact, it would be great if you could just learn from the mistakes of others, and find out how to…
If you’re new to forex trading, there are a lot of terms and concepts that you need to learn in order to be successful. To help you out, we’ve compiled a list of five essential forex trading terms that you should know. Pips – A pip is the smallest unit of price movement in the forex market. In most currency pairs, one pip is equal to 0.0001 of the quote currency. For example, if the EUR/USD moves from 1.3550 to 1.3551, that would be a one pip move. Lot – A lot is the standard unit size for transactions in…
One of the most common mistakes new traders make is diving right in. Learning to trade take time, and the more you prepare, the better your chances are of doing well. Here a few steps you can take to make sure you’re as ready as possible for that all important first trade. Step One: Trade On A Demo Account One of the smartest and safest ways to learn to trade is on a demo account. Demo accounts allow you topractise trading in a risk-free environment with a virtual balance. This way you can practise watching the markets and setting up…