Loss aversion is a behavioral economics theory. That explains the behavior of some people who tend to avoid losses. You could say that some people do not want to incur losses, even if the profit behind those losses is double the potential...
The first stage in forex trading happens in the early years of one trading career whereby a trader is making a hot chase after profits without being mindful of the risk being taken and at this stage, the more you run after the profits, the faster the...
The usual best trading time is the 8 a.m. to noon overlap of New York and London exchanges. These two trading centers account for more than 50% of all forex trades.
We should enter the market and wait for a price runup or a price level to break. In case the script is not realized for an hour, we close the position at the market price, it does not matter will it be profitable or not.
The mostly trader fail in this business because they have not good attitude. I think as a trader we have be careful when we start trading and have to be clear mind about the trading because the positive attitude and trading with the deep interest in...
Depending on the individual trader to determine to stop loss. You should set your stop loss in accordance with your TP. If your SL is 100 pips, then your TP is supposed to be 200 pips. So far I try to make my stop loss around 20 to 50 pips. What I...
We must know what is the best pair to trade with to make good profit with lowest risk and also can avoid big loss. So what is your favorite pairs to trade?
The purpose of technical analysis of chart patterns is to identify forex price movements that repeat frequently over time. Typically a forex trader will spot the formation of a known chart pattern and will then place an order based on the price's...
A zero-cost strategy is a strategy that does not require any material costs for its implementation, and at the same time, the result of applying the strategy gives positive results. The zero-cost strategy is applied to optimize various processes,...