Welcome To Trading Dispatch
Learn how to trade Forex profitably
GDP stands for gross domestic product, representing the total value of goods and services produced within a country.
The standard formula used to calculate GDP is the following:
Gross domestic product = Consumption + Government spending + Investments + (Exports – Imports)
In a world where information is just one click away, it is easy to find 1000 opinions that differ from your own. This makes it extremely difficult to believe in your trades and manage them correctly.
Fortunately, there are ways to focus on your own game.
Now I’m not talking about banks because you definitely want to JOIN them (unless you are leaving Forex trading entirely).
What I am talking about is currency pairs. When you go deep into Forex trading, you might hear some traders say, “I’m a USD specialist” or “JPY specialist,” which implies you’ve studied the levels and price action of those particular pairs.
You know, for the longest time, I didn’t understand why I felt I was risking too much when in fact, I was risking my usual 2% per trade and nothing more (except for in my ill-disciplined days!)
This discovery led me to wonder whether my lot sizes were right and if I measured my targets correctly.
I don’t know about you, but I started trading Forex with $100. Now let’s be honest that is not a lot of money to begin your trading journey.
Participating with $100 will not cause a single dent in the market! Please understand the ONLY reason I started with $100 is that it is all I had at the time…