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What Has Fishing Got To Do With Trading The Foreign Exchange (Forex) Currency Market?

Fishing and trading forex? What next? There are many helpful parallels in all walks of life. Here we look at one. It can help a trader get in tandem with the forex market.

Difference Between Learning To Trade The Foreign Exchange (Forex) Currency Market And Making Money

Most businesses are operated for profit. Here we cover why this is not always the case. Also we find that the difference is caused by reasons one might least expect.

Two Essential Ingredients To Trading The Foreign Exchange (Forex) Currency Market Successfully

There is a good deal of mystique and hearsay about the biggest financial market anywhere. This is odd when one sees how big it is. Here we look two straightforward aspects that cut through to the core of forex trading.

The Questions You Need To Answer When Deciding To Trade Foreign Exchange (Forex) Currency

Deciding to trade the forex market for profit is a bib decision. A lot of thought must go into it if you hope to extract profit from trading foreign exchange currency. Here we look at a few of the questions that will need answering.

Loss Aversion Bias

Another popular type of bias is Loss Aversion Bias which can be defined as the strong will to avert losses rather than make gains. Studies have shown that people experience losses very differently from gains. People tend to experience about twice as much pain with a loss as they experience pleasure with a gain. It is therefore concluded that psychologically, the possibility of a loss is on average twice as powerful a motivator as the possibility of making a gain of equal magnitude.

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