A common misconception about trading on the longer term is that it can only work with a large trading account.
The thought-process goes as such:
When trading on a larger timeframe, one needs a larger stop loss allowance.
With a larger stop loss […]
(In order to understand what is margin in Forex trading, you first need to understand how trading leverage works: Understanding Forex Leverage)
So as you know by now, it’s not the maximum leverage, but the actual leverage […]
For a period of time, I was teaching myself how to make a good linguine Aglio E Olio.
As a fan of both stoic philosophy and pasta, I am constantly amazed at how such a simple dish can be so delicious. […]
First, a definition: Good judgement refers to the ability to make superior decisions based on more relevant insights.
For example:
Your car breaks down in the middle of a desert highway, and you don’t have access to a […]
Without leverage, Forex trading would be practically pointless for most retail traders.
But while it’s one of the most important distinguishing characteristics of Forex trading, I find that many traders are still in the dark about how leverage actually works.
Just the other day, I was talking to another trader who uses the MetaTrader 4 platform, and was surprised to learn that he didn’t know about the in-built shortcut keys!
Personally, I like the MT4 trading platform a lot, and use […]
One of the most overlooked aspects of Forex trading is the cost of opening a trade position.
At the usual cost of 2 – 4 pips, the bid-ask spread is not something that’s taken seriously by retail traders.
In fact, I would […]