Big Board Forex

1) Manage Your Expectations As a trader it can be easy to become obsessed with chasing profits and this  will almost definitely lead to problems. The anxiety which surrounds chasing profits can cloud your judgement and lead to mistakes which will cause losses. Therefore, my first bit of advice in your journey to becoming a master Forex trader, is to dispense with any unrealistic objectives. The prospect of becoming rich in just a few sessions of trading Forex is extremely unlikely and, believing any differently, may cause you to operate with greater risk, jeopardizing your capital. 2) Define Your Trading Risk Profile Before making any substantial commitments, get a good understanding of the fundamental aspects of the market. Assess your capital at hand, read trader testimonials so you have realistic expectations of returns and research the markets and currency pairs you are interested in. If you don't feel comfortable, don't invest your money in Forex, even if it might be profi

  Fundamental analysis is an approach to analyzing the markets by taking into account factors such as the social, economic and political issues. These factors tend to influence the supply and demand of the security in the question. Fundamental analysis is one of two ways to analyze the forex markets. The other approach is the more widely popular technical analysis. Both fundamental and technical analyses are important when you want to study the markets. However, traders mostly ignore the fundamentals when trading currencies and focus only on the technical analysis. The general argument is that day traders who  only   trade within a small time frame need not concern themselves with fundamentals. This is because fundamentals are what tend to impact longer-term trends. However, regardless of whether you are day trading or swing trading, it is important to pay attention to the fundamental developments in the markets as well. You can actually expect to see losses on your trades if you trad

I usually encounter a lot of questions regarding the ideal amount of capital you should put in forex trading. On one hand, I recommend risking money that you can afford to lose. On the other hand, there are plenty of risks associated with being undercapitalized. You see, once you step into live forex trading, the way you look at capitalization will never be the same. Forex trading is now a business –  YOUR  business. This means that you are the manager and just like in any other business, you need to have a business plan. You need to know what you’re going to do from beginning to end and how you’re going to react to any foreseen–and unforeseen–circumstances. As the saying goes, “ If you fail to plan, then you’ve already planned to fail. ” So, what’s a great way to start having that business mindset? One key business principle you need to understand is that  it takes money to make money . Before jumping into live forex trading, consider  what kind of lifestyle  y

It is often said that the odds of being consistently profitable and succeeding in the forex market are very slim, as more than 90% of traders are bound to face failure. Here are the common reasons why this usually happens: They don’t understand key indicators, key numbers, ideal times to trade, and how the market works. Would you enter a battle without knowing how to use weapons or who your opponent is? When you place a trade, you literally go toe-to-toe against some of the biggest nerds in the industry ( BigBanks ) Many professional traders are not only super smart and Ivy League educated, they’re also rich. That doesn’t mean that you, the small guy or gal, can’t win. It just means that you simply must educate yourself and be prepared to do battle. David can beat Goliath, but only if he’s prepared. Some people might think the cost of a trading education is too high. But the cost of ignorance is way more expensive. They don’t have a tried-and-tested trading methodology with no proven t

With the same progression as in previous halving events, one can expect an improvement of more than 1689% in Bitcoin price. The dispute for market share control continues and limits the upward potential on the ETH price side.  The event of the year in the crypto universe, the Bitcoin mining reward halving, is less than a week away. The direct consequence of this event will be that Bitcoin mining revenue reduced by half. The Bitcoin Network rewards miners with a fixed amount of Bitcoins every 10 minutes. Until now, and after the July 9, 2016 halving, the network created 12.5 Bitcoins per period, and after the imminent halving, it will create 6.25. The  reduction in Bitcoins production means a lower flow of sales in the market , and the  market expects the price to adjust upwards  in the face of greater scarcity. After the 2016 halving, the price of Bitcoin went from  $650  to just under  $20000 ,  a 3025% growth  in a few months. After the first halving, back in 2012, the pr

What is the Bitcoin Halving (Halvening)?                                            Date of halving ( MAY 12 2020 ) New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening". In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. What is the Significance of the Bitcoin Block Halving? The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower. In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded