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How to understand forex charts

While forex charts might look daunting at first glance, don’t be deterred. We explore the basics of reading charts so you know what to look out for to help you make your trading decisions. No matter how you prefer to trade – whether…

Manage Your Emotions (Part 1 The Right View)

Article author Randy Hovell is a licensed therapist and trading mentor. The main direction of his work is learning to manage his emotions, make conscious decisions and apply Jung's ideas in the field of trading. He is the author of four…

What is a Bear Market? A Complete Guide

Sometimes, during market cycles, the stock markets may plunge, and prices could fall. It may be for a short period of weeks or months, or even drag on for years. Is that a bear market? Depending on specific circumstances, it may well be.…

Five steps to reduce trading risks

For many of us who currently work in the Forex business, the word “risk” has become simply a term we’ve learn to live with on daily basis. But for many others, risk is a synonym of fear, especially when it comes to money issues. That is…

Cognitive Bias That Can Affect Your Trading

A cognitive bias is a systematic flaw in reasoning that can lead to making wrong decisions while investing. A common maxim in investing is that "you are your own worst enemy". Humans are naturally hard-wired to look for shortcuts and avoid…

Good features of the day trader

Trading in general and day trading in particular are very unusual activities in the context of how other people work. If you decide to choose to trade the foreign exchange market as your main money-making activity, then you will find many…

What is ECN?

ECN is a computerized stock exchange, and the abbreviation itself means “Electronic Communication Network”. ECN brokers provide their clients with direct access to other participants of the forex markets, including first-rate liquidity…