Author: misamaliraza94
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5 Main Rules For Successful CFD Trading
What is CFD trading? CFDs are derivative financial instruments. These ‘Contracts for Difference’ are priced according to the underlying financial instruments they represent. The broad categories of CFDs include stocks, commodities, indices, forex, and cryptocurrencies. Pretty much any financial instrument that can be traded in the market is available in this particular format. With CFD trading, you…
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Understanding Difference B/w Trading Forex & Crypto
If you want to invest in either crypto, forex, or both, it’s important to know the difference. You might want to broaden your portfolio, but to do this, you should know exactly what you’re investing in. Learn all about the difference between forex and crypto here. The forex market is one of the largest markets…
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Trading Hot & Cold Trends: Your Forex Strategy Works in Crypto Too
Trends in the market are cyclical. Sometimes, a currency pair or cryptocurrency is hot, experiencing a long and strong trend. At other times, trends turn sideways and become boring. While this is relatively new in crypto, buying and holding an asset to earn interest is not a new strategy and has been used in FX…
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Forex & Crypto: Using Moving Average Indicator
One of the most versatile indicators used by technical analysts and chart readers is the moving average. There is a variety of moving averages to choose from such as the simple, exponential, or hull moving average and most other indicators include a moving average in their calculation. The moving average can be applied to any…
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How to Make Consistent Profits in a Random Trading Environment
With market sentiment shifting on a dime these days, it’s important to make sure that you’re able to adjust your forex strategy. You see, staying profitable in the long-run requires you to be able to adapt to constantly changing market conditions. Ever stop to think how casinos actually work and make money? Casinos rake in a…
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4 Common Reasons Why Forex Traders Fail
It is said that the failure rate in the forex industry is very high, with more than 95% of aspiring traders expected to drop out of the game within their first few years of trading. At this rate, you might have a better chance of surviving the Hunger Games than becoming a successful forex trader! In his book One Good…
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3 Simple Reminders to Help Keep Your Emotions in Check
To become consistently profitable, you have to stay rational and emotionally detached. Many novice traders ride an emotional rollercoaster, feeling on top of the world after a win, but down in the dumps after a loss. Meanwhile, professional traders stay calm and relaxed even after a series of losses. They don’t let the natural ups…
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Prepare to Lose, Trade to Win
We’ve all gotten our hearts broken at some point. And no, I’m not just talking about getting dumped by your high school sweetheart. The forex market also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless. Sure, you might say that you’ve stopped binging on chocolates and that you’re…
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Why You Should Manage Your Trading Expectations
Our minds are gifted with pain-avoidance mechanisms that help us cope with physical and emotional suffering. Pain-avoidance in trading is different only in the sense that it deals with emotional pain. To avoid the pain of having wrong expectations, you subconsciously block any information that would invalidate your idea. You usually rationalize, make excuses, belittle the significance…
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When Is It Okay to Trade Against The Trend?
Some days most forex pairs are just going in one particular direction and it makes no sense to go against the herd. However, if you’re a fan of picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t be afraid to take a contrarian approach to your forex trades. When all charts…