The Money Management helps the trader to pass thought the series of losing trades and not to get into deep loss which will never be earned back.
The selection of the right broker is the key role before starting to trade. This is not a simple task and usually the correct or incorrect choice will be obvious only after opening the account, sending the money and trying to communicate any issues with the broker, incorrect position placement or the so called stop loss hunting.
Forex trading is dependent on a well-based trading strategy which is the basic stone of any trading system. Having a firm strategy is the key to starting to earn money in Forex
May 2015 was an average volatility trading month for most of the trading currency pairs. EUR, GBP and USD crosses made no important moves. They were traded as usual, not breaking from their current levels from the long-term point of view.
There is a huge market offering automated Forex trading systems, expert advisors and forex robots trading instead of a trader himself. But is trading with no emotions, keeping the strategy, keeping the rules and not being influenced by the trader’s psychology effective?
What is Forex (Foreign Exchange Market) and does it work in fact? Due to its high accessibility and quick profit possibility, Forex is number one choice for all investors searching for stable profits. Learn the basic principles and terminology of the largest financial market in the world.