Welcome To Trading Dispatch
Learn how to trade Forex profitably
Have you ever been in a situation where it feels like everything around you is crumbling, and you have no control over how many things around you crumble, what crushes, or when these things crumble?
In the big bad world of Forex Trading, there are many misconceptions about what it means to be a Forex Trader.
This can be chalked up to a lot of things… Mainly Instagram, if we’re honest. People either think Forex is a get-rich-quick scheme OR a place where savings go to die. Neither is true.
For a very long time, I struggled to trade my strategy because other people’s strategies seemed to be working better than mine. It was so bad that it felt that they were on the other side of most of my trades, taking my money and smiling to their withdrawals for some weekend shenanigans!
I feel like the word “Diversify” may be over-rated. In some circles, they trade commodities. In other circles, they trade cryptos, and in my circle, we trade Forex. Which should you trade? Should trade you trade all of them? I don’t recommend it. It’s never as simple as ABC or 123 when it comes to trading.
Retail traders are market participants who trade on their own behalf with personal capital. If you are reading this article, then it is highly likely that you currently fall into this category
Institutional traders manage capital for a group of people or a company and trade on their behalf. Examples include banks, pension funds, hedge funds, mutual funds, and insurance companies.
Imagine, with me for just one second, a boy or girl who grew up in a family where there wasn’t any more to spare month to month. Even worse, they couldn’t even get by, let alone have anything to spare, since their parents weren’t wealthy and didn’t have high-paying jobs but rather were considered part of the lowest income earners in society.