Whether you trade one market or a number of markets, correlation analysis is indispensable. Correlation defines how much (or how little) two or more instruments move together over a period of time. Knowing how currency pairs communicate with one another and their relationship with surrounding markets, such as commodities, bonds and equities, can help traders … Continue reading Grow Your Trading Edge Using Correlations
Updated April 2020 Odd as it may sound, traders often find it a challenge to take profit. This is an issue every market speculator likely contends with at some point. Just as you have a series of rules to enter the market, you must equally have a strategy to exit. A strong psychological element usually … Continue reading Taking Profits in the Forex Market
A military sniper’s edge is not only crucial, it’s also extremely extensive! Determining distance, selecting camouflage, preparing a suitable location, making sure that the rifle is well-sighted, having the correct mindset and showing patience are just some of the components that help form a sniper’s edge in the field. Without it, there could potentially be … Continue reading What snipers can teach you about trading
Without a clear understanding of different order types, success within the forex market is unlikely. Similar to a plumber using a specialised wrench to adjust to different pipe diameters, a trader must know which order to use to communicate efficiently with the broker. It’s surprising how often newer traders feel equipped to tackle the live … Continue reading Making Sense of Basic Order Types: A MUST For All Traders
Updated March 2020 What you don’t know can’t hurt you Remaining ignorant or uninformed may apply to some things in life, but not leverage. The more you know the better. Leverage is defined as having the ability to control larger sums of capital using little of your own funds. Leverage in the forex market is … Continue reading What Is Leverage and How Does It Work in the Forex Market?
