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Forex Base/Quote Currencies Explained
Risk Management

Forex Base And Quote Currency Explained

In the fast-paced world of Forex trading, learning about Base and Quote currencies is not a bad place to start. For beginners looking to understand how the market works and what the instrument names actually mean, this is the article.

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How Forex Trading Spread Can Affect Your Trading
Risk Management

How Spread Can Affect Your Forex Trading

Spread is present in Forex Trading just like it is in the business world.
When business owners sell a product to someone, they don’t do it at cost. They add a markup/margin AKA Spread so that they can make a profit off of the transaction.
This cost is what allows most brokers to make a profit and stay in business.

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How To Trade Channels
Technical Analysis

How To Trade Channels

A channel is a chart pattern consisting of two parallel trendlines connecting swing highs and swing lows. This pattern presents great trading opportunities since the trendlines act as support and resistance levels.
Channels are also an excellent tool to analyze trend continuation or reversals since prices stay within the channel until a breakout occurs.

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3 Crucial Factors To Understand About Trading Psychology
Trading Psychology

3 Crucial Factors To Understand About Trading Psychology

There are many skills required to be a trader, and to be honest, the mastery of these skills sets the phenomenal traders from the average traders in the world. Whether the best traders are trading for institutions or themselves – that doesn’t matter.

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How Much Should You Risk Per Trade
Risk Management

How Much Should You Risk Per Trade?

Risk per trade is a percentage of total capital allocated to a position.
Maximizing returns while limiting risk is one of the many challenges we face as traders. Risk too much, and you could face a massive drawdown or blow your account. Risk too little, and your returns will disappoint.

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2 Insightful Tips When Trading Fundamentals
Fundamental Analysis

2 Insightful Tips When Trading Fundamentals

When I began trading, I thought that news events controlled the markets. No matter what I did, I could not control my fate when it came to news events and how they played out. I remember early on in my trading journey trying to trade all the news events as if I would make billions of dollars from predicting the outcomes. As if!

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5 Ways To Avoid Missing Trades In Forex
Risk Management

5 Ways To Avoid Missing Trades In Forex

Missing trades in Forex can be challenging. Always leaves a bitter taste, especially when you are starting out. It’s most frustrating because after having missed a trade, you automatically think of what your account balance “could’ve been,” and it’s always a shame to look at your current account balance after that.

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Forex Indicators or Price Action?
Technical Analysis

Forex Indicators Or Price Action?

The age-old debate. New Forex traders might come across this debate and be curious about the difference between these two approaches. Should they use Forex indicators? Or just trade using Price action? This is what that article is going to answer for you.

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How Much Money Do You Need To Trade Forex
Risk Management

How Much Money Do You Need To Trade Forex?

“I want to start trading Forex, but how much money do I need to start?”. Most people who want to become traders don’t have a million dollars to throw in the market.
For some reason, many people believe the notion that you need huge amounts of capital to trade, and this thinking stops them from ever starting. The truth is that you don’t need a lot of money at all.

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I Almost Blew A $50,000 Trading Account!!!
Trading Psychology

I Almost Blew A $50,000 Trading Account!!!

I almost blew a $50,000 trading account myself.
Now you’re probably thinking, “Man, there is so much I could have done with that money,” and this true! You probably could have bought yourself a nice car and put a down payment on a home; I know you could buy a home in South Africa. This $50,000 trading account was essential; I needed to build this account…

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