Trading Psychology – The Importance of Willpower in Trading
How often have you found yourself dissatisfied by your own reactions when all was done and the dust settled? Most times, the problem is the lack of willpower to make the right choice.The Importance of Interest Rates (Part I)
The ability to use charts to gain a visual representation of price action is undoubtedly a useful tool, but only if used correctly. For many traders, the visualization takes too much focus away from the underlying markets and what drives them. Traders that do not fully understand the mechanics of the currency markets are exposing themselves to unnecessary risk, so here’s a quick primer on the most important fundamental concept in the industry – interest rates.Understanding Bollinger Bands, Parabolic SAR and Stoch
Bollinger bands indicator is one of the most famous and widely used tools among currency and stock traders. The indicator is particularly well-known in scalpers who keep their trades open for just a short period of time. Similarly, Stoch and Parabolic SAR are also reliable tools for confirmation of the trend signaled by Bollinger bands.Assess the Right Time to Invest
Read reviews, online trading forums, business newspapers and magazines on foreign exchange to deeply understand the underlying system of Foreign exchange trading. Use software to evaluate signals or a method developed by any foreign exchange expert. Make notes and find out the right trading system that works for you.Three Psychological Traits Of Successful Traders
One of the key factor in the success of any trader is psychology. Many beginner traders put together a winning strategy, yet fail to achieve long-term profitability as a result of poor implementation. There a number of key traits every successful trader has, and most unsuccessful traders lack, that cause enable consistent facilitate consistent strategy implementation, and in turn, long-term success.