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what are the most relevant economic announcements that affects the forex markets?
If you’ve ever spent any time reading financial news, you’ve almost certainly seen or heard references to things like CPI, NFP, and the FOMC. If you’re new to forex trading, you may have asked yourself “what exactly these things are and what they mean?”
Continue reading “Key Economic Announcements That Affect The Forex Markets”
How To Profitably Hedge In Forex, with virtually NO risk.
In the world of investing, hedging refers to making multiple investments with inverse price-action relationships. If one investment weakens, another will strengthen at the same time, limiting the total negative impact that any single investment can have on a portfolio. Although hedging applies most directly to stock trading or investing in general, it is possible to put the concept of hedging into practice when trading currencies in the Forex market. Understanding how to use the concept of hedging in Forex trading can give you an edge in the market and increase your probability of earning consistent returns.
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How To Deal With Losing Streaks In Forex trading
In trading, consecutive losses, especially in forex, are very common and some traders can’t accept it. Instead, the best traders they try to make the best out of it, learn, adjust their strategy or their money management plan if needed and just get on with it.
But as we all know is not that easy to behave this way. It is not unlikely, if you ever had a number of consecutive losing trades, to have thought that you are an incompetent trader or that you are possibly not fitted for live trading.
You may have experienced anxiety, disappointment and anger at yourself Continue reading “The Psychology Of Losing Streaks In Trading And How To Deal With Them”