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Trade360-Forex Broker Review Trade360 is a regulated Forex and CFD broker whose headquarters are located in the Republic of Cyprus. This company began operations in 2013 and gradually has expanded its services, thanks to the quality and uniqueness of their services that differentiate this broker from many of its competitors in the sector. In this sense Trade360 focuses on providing market … Read more
In this article we will continue with the main ideas developed about the relationship between trading and psychology that we discussed in the article “Trading Psychology”. First at all in that article we discuss the fundamental role that psychology plays in the performance of a trader. Among other aspects, we explained that in most cases the traders loss money due to their fault and because they are not prepared psychologically to face the market environment.
Trading is a very hard game. A trader who wants to succeed must take very seriously what he is doing. You can not afford to be naive or to trade for hidden psychological reasons. Unfortunately, trading attracts impulsive people, players and those who think the world owes them something. If you practice trading for the excitement it produces, it is possible that you may perform many trades with little chance of sucess or accept unnecessary risks. The market does not forgive and the emotional trading always carries losses.
The feelings have an immediate impact on the trading account. May be you have a brilliant trading system, but if you are frightened, arrogant or upset is almost certain that your account will suffer. When you realize that the thirst for gambling is gaining or fear clouds your mind, you must stop trading. Your success or failure as a trader depends on controlling your emotions.
What is a pip? A pip is defined as the minimum possible change in the value of a currency pair. In this case the number of pips or points measures the difference between the entry price and exit price in any Forex trading. For example if the GBP / USD moves from 1.6225 to 1.6250, that is a rise of … Read more
When Forex traders talk about intraday trading, they are referring to buying and selling currencies (currency pairs) on the same day. Day traders often look small price movements and use large amounts of leveraged capital to make money with these little movements. In general, they look for markets with high liquidity – where large volumes of trades and sufficient market participants ensure that deals are closed instantly. Liquid markets (like the main currency pairs) also offer tight spreads – which means that the transactions are more profitable – and adjusted slippages, ensuring that trades are closed in the quoted price.
However, there are actually a number of daily trading strategies – including trading against the trend, daily pivots, momentum etc. Each of these similar approaches is used to identify an entry point, but the exit strategy is different in each case.
Like other brokers in the binary options industry, Finmax has many complaints from clients who claim to have been victimized by this company. Therefore, we recommend great care when trading with this broker.
Among other things, clients claim that Finmax has taken their money or is not allowing them to withdraw funds. We cannot confirm whether these statements are true or not, but we recommend investigating and being careful.
However, if you are interested in trading binary options and other instruments such as Forex and CFD through a recognized and regulated broker, you can try IQOption.
You can get more information about this company in the following guide: IQOption broker review
In this article, we will show you how the Parabolic SAR indicator can help you predict the market trend and its oscillations. The Parabolic SAR is another of the stock market technical indicators developed by the legendary Welles Wilder, who published it in his well-known book “New concepts in technical trading systems“, along with the RSI, the ATR, and the … Read more
A “Gap and Trap” is a price formation that can be observed in a individual stock, a market index, a currency pair, futures contract or other instrument or asset traded in financial markets.
The “Gap and Trap” occurs when there is an upward gap between one trading session and another, and investors begin to buy in the first minutes of the new session, when the price suddenly changes direction and begins to fall, trapping traders who bought shortly after the opening. Hence comes the name of the event, as “Gap” is the space between the closing price of the previous session and the opening price of the current session and “Trap” is referring to traders (buyers) who get caught in the market.
Much has been said about the broker 4XP (Forexplace) and what happened with this company and its customers. Certainly it is a clear example of the care that must be taken when choosing a broker and put our money in their accounts. Previously we had 4XP on our list of Forex brokers and we promoted its services but after seeing … Read more
Boss Capital, one of the largest global binary options brokers, closed its operations in Mid 2017, liquidating its business and leaving the binary options industry forever.
This broker joins the list of companies that leave the binary options sector. Are you interested in trading with a reliable and properly regulated binary options broker? You can try the broker IQOption that offers Forex, CFD and binary options (for non-European traders).