There are many skills that forex traders should have up their sleeves to enhance their performance. While some skills are very popular and highly talked about, a skill that’s less commonly mentioned is recognizing patterns. It’s an essential skill that will help any forex trader make fair forecasts and reduce
Overtrading on financial markets, be it Forex, stocks, metals, etc. refers to a process of buying and selling securities excessively. It is an issue that both beginners and experienced traders can have. It occurs when people don’t stop trading and eventually lead themselves to financial problems. It is important to
It goes without saying, but confidence is essential to trading or anything individuals set out to do. There are certain ways to approach building confidence, maintaining it, and making sure traders stay on track. Without confidence, traders can’t perform optimally. There are necessary steps to take to not only build
Stock index futures are legal agreements to buy or sell stocks on a future date and at a specific price. stock index futures are bets on the direction the equities will take that track with key stock market indexes. Stock index futures trade at different times of the day, even
Foreign exchange trading, or forex trading, is a legitimate way to make extra money. However, with it’s growing popularity, there has also been a rise in forex scams. It’s important to know how to identify a forex scam before you decide to engage in trading. What kind of forex scams exist?
There has been a lot of talk recently about day trading. Some tout it as a way to make big money fast and others have unfortunately fallen victim to the risks of engaging in this type of speculative investing. If you are thinking about day trading, I urge you to
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds. Each share represents an investor’s part ownership
Read Books: Make a habit of reading books on stock markets, investment strategies, etc. By systematic and continuous learning, you can get a grip on the subject. Books such as “Basics of Financial Market” and “A Guide for Intelligent Investment” give you a very clear understanding about the way the
Interest rates affect forex in that they shape how a currency’s value is perceived. Higher rates usually mean increased demand for that currency, causing people to buy more of it. Therefore, any change in the interest rate will impact forex, meaning forex traders should always be aware of when their
While the Forex market is considered to be a 24-hour market during the working week, the trading sessions continue to be broken down into the Asian, European and North American sessions. More specifically, the respective financial centers tend to be tagged, making the Asian session the Sydney and Tokyo sessions,