Many Forex traders know that often one or two unsuccesful trades can destroy all the previous profits made during the cirrent day, month or year. It is natural to hear things like: «I made $10,000 in the previous month, but I had two unsuccessful trades where I lost twice as much».
The reasons for increased losses […]
Attempts to forecast the Forex market behavior are becoming more and more elaborate, the most modern mathematic methods are employed, methods of mathematical statistics, all kinds of filters, the price graph is found the logarithm of, differentiated, all this is normalized with something, a correlation is calculated, and so on and so forth. So, I, […]
Psychology of human behavior is a key to understanding the things that happen on financial markets. All the usual everyday feelings and aspirations show on harsh market battles like a chemical solution shows on litmus paper. All the sensations typical of us, like fear, greed, hope etc sometimes have deciding influence on Forex trader’s behavior […]
There is a popular opinion that in order to work on a Forex market you need to have higher education, preferably with economic specialization, basic knowledge of higher mathematics and probability theory, knowledge of world economy, good computer skills, an analytic mind and ability to think logically, as well as experience […]