Strategies & Tools
How To Create A Trading Plan: A Comprehensive Guide!
Navigating the vast ocean of trading without a strategic plan is like sailing without a compass. This guide shines a light on why both fledgling traders and seasoned professionals need a well-chiseled trading plan to help them manage the risks involved in forex trading. Decoding the Trading Plan Think of a trading plan not as a mere […]
Diversification
Embarking on the vast journey of forex trading as a novice can seem daunting, akin to venturing into a thick forest without a compass. But here’s the good news – there’s a compass called ‘Diversification’ that can guide you through the process. Let’s take a closer look at diversification, understand what it’s all about, and […]
Why Is Reviewing Trading Plan Necessary?
Reviewing trading plan is crucial because it is like a roadmap for how to trade, and no trades should be placed without a well-researched plan.
Managing Risk while Trading Forex
The exhilarating sensation of your heart racing, similar to riding a roller coaster, can also be felt when managing risk while trading forex. However, as one would not board a rollercoaster without ensuring the safety harness was secured, one should not dive into Forex without a firm grasp on risk management strategies. The unpredictability of […]
Carry Trade Explained: A Simple Strategy Guide
Forex trading is like a vast ocean teeming with different strategies and methods. In the dynamic expanse of the financial world, the “carry trade in trading.”, can be considered as one of the most popular trading strategies. In this exploration, we’ll embark on a captivating journey into the realm of the carry trade strategy. This […]
Support and Resistance Indicator- A Beginner’s Guide
In the world of trading forex, following a well-defined strategy is fundamental. Understanding and effectively using the support and resistance indicator concept might be considered a helpful tool in forex trading. However what does this exactly mean, and how can you apply this approach in practice? Keep reading to learn the truth about the support […]
Trading Strategies in Volatile Markets: A Beginner’s Guide
If you’ve ever been caught in a sudden thunderstorm, you’ll understand that it can be both thrilling and daunting. Similarly, trading in volatile markets feels like navigating through choppy seas. Volatility can be your best friend or worst enemy, depending on how well-prepared you are. However, equipped with deep knowledge, dynamic risk management strategy, and […]
Fibonacci Trading in Forex: A Beginner’s Guide
In the fast-paced world of forex trading, strategies are like playbooks for traders to score winning moves. It’s a bit like chess, only with charts and patterns instead of knights and pawns. But in this thrilling game of numbers, one strategy stands out – the enigmatic Fibonacci. It’s akin to the hidden elixir that amplifies […]
What is a Contrarian Trading Strategy?
In the high-speed realm of trading and investment, where shifts in trends and sentiments occur in the blink of an eye, there exists a strategy that piques curiosity and stands out for its distinctive approach – the Contrarian Trading Strategy. Stick around as we shed light on this strategy and discover why it might be […]