• How to Manage Your Risks in CFD Trading

    How to Manage Your Risks in CFD Trading

    • August 10, 2020

    We all want to be right. Unfortunately, it’s not possible to be right all the time. That’s why risk management in the CFD market is crucial.   What are CFDs? CFDs, or contracts for differences, are leveraged derivative products offering a cost-efficient way to trade the financial markets, including shares, foreign exchange, indices, commodities, and

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  • 5 Common Forex Trading Mistakes & How to Avoid Them

    5 Common Forex Trading Mistakes & How to Avoid Them

    • July 30, 2020

    A quality among all consistently successful traders is avoiding mistakes.   Mistakes can be expensive and emotionally damaging.   No matter how long you’ve been trading in the financial markets, you’re bound to experience lapses in discipline. To help lessen the impact, here are five common trading mistakes beginner traders, and sometimes experienced traders, make

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  • MT4 Trading: CFD Commission Rates and Fees Explained

    MT4 Trading: CFD Commission Rates and Fees Explained

    • July 13, 2020

    CFDs, or Contract for Differences, are popular financial derivatives enabling market participants to speculate and employ hedging strategies in the markets, without taking ownership of the underlier. Formed by way of agreements between buyers and sellers, CFDs are cash-settled transactions. CFD trading does not facilitate the physical delivery of underlying assets, unlike futures and options.

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  • Improve your Analysis: Understand the Basics of Price Action

    Improve your Analysis: Understand the Basics of Price Action

    • July 6, 2020

    The main challenge for new traders is information overload. Newer entrants often suffocate charts with technical indicators, seeking the holy grail of trading strategies. Price action, however, proposes a cleaner alternative. Some traders refer to this as ‘trading naked’. The Basics All financial markets generate data – data that can be observed through price charts.

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  • Forex Trading Success: A Winning Mindset

    Forex Trading Success: A Winning Mindset

    • July 6, 2020

    Mindset determines everything. Mindset refers to mental attitude. It is the way in which we think and approaches situations. Regardless of how knowledgeable a trader you are, the absence of mental fortitude will prevent you from reaching your true potential. A winner overcomes adversity, committed to the goal: trading success. A loser is fragile, often

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  • Daily Affirmations That Can Help Your Forex Trading

    Daily Affirmations That Can Help Your Forex Trading

    • July 6, 2020

    The things you say to yourself is often what is done. Jim Carrey, a Canadian-American actor, is known for his faith in positive affirmations and thoughts. Before his success, Carrey boldly wrote himself a cheque for 10 million dollars for acting services rendered, dated 10 years in the future (Thanksgiving 1995), and kept it in

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  • Key Features of Myfxbook AutoTrade System Explained

    Key Features of Myfxbook AutoTrade System Explained

    • July 6, 2020

    Powered by Myfxbook, AutoTrade offers a complete solution for both signal providers and investors (or subscribers). AutoTrade is a fully automated account mirroring service, boasting an enormous user base of more than 90,000 members. Loaded with a feature-rich interface, AutoTrade’s platform offers unparalleled trade analytics and allows investors to subscribe to as many trading systems

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  • Supercharge Your Trading With Accurate Support and Resistance

    Supercharge Your Trading With Accurate Support and Resistance

    • July 6, 2020

    Having a way to identify the market’s ebb and flow is essential. Support and resistance considered a foundation of technical analysis, represent horizontal lines, serving as a tool to map price movement, and, ultimately, estimate future direction on bar or candlestick charts (there are other chart types available, though these are the most common). Aside

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  • Forex Trading: An Introduction to the Power of Market Correlations

    Forex Trading: An Introduction to the Power of Market Correlations

    • July 6, 2020

    To be an effective Forex trader, understanding the connection, or correlation, between financial markets, is essential. A correlation measures the relationship between two variables.   A positive correlation implies two variables move similarly   A negative correlation implies two variables move in opposite directions   In addition to identifying high-probability trade setups in the Forex

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  • Trading Technical Supply and Demand the Right Way

    Trading Technical Supply and Demand the Right Way

    • July 6, 2020

    Patterns produced on candlestick (or bar) charts are created via underlying supply and demand.   Demand represents buying   Supply represents selling   While several interpretations exist concerning structure, technical supply, and demand zones on charts can be defined as noticeable price moves to leave behind a fresh untouched base.   Supply and Demand The

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  • What it Takes to be a Forex Trader

    What it Takes to be a Forex Trader

    • July 6, 2020

    Trading in Forex markets reached an eye-popping $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier. Ranked as the largest financial market in the world, its mammoth size, easy accessibility, and high level of liquidity offer opportunity to those willing to step out of their comfort zone and learn new

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  • Do You Want to Trade Forex Better? Here’s how

    Do You Want to Trade Forex Better? Here’s how

    • July 6, 2020

    The forex (short for foreign exchange) market is the world’s most traded financial market with a daily global trading volume of (US dollar) $6.6 trillion and a constant fluctuation in currencies means the forex market offers great opportunities to profit from these price movements. Here are 4 steps on how to trade forex: Step 1:

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