francisrv

francisrv

Trading needs a lot of patience. To the point that trading becomes boring really. One must master this trait to become consistently profitable trader. Patience, discipline, risk management, and trading psychology. Master this all, then you will master your trades.

francisrv

Traders in the forex market can face some adverse factors and conditions that may make successful trading more challenging than it may appear at first glance. Below are several cons of forex trading to be aware of before jumping into the market: 1. Volatility All markets can show volatility at one time or another, and the forex market is no different. Forex...

francisrv

Knowing the link between leverage and equity is important. Now, you have to decide how much you are willing to risk and set your trading capital accordingly. To find effective leverage, consider two inputs: trade size and equity. Use effective leverage of 10:1 or lower. Only risk 10% or less of your account balance at any given time. Add the cash value of your...

francisrv

A positive mindset is perhaps the most important part of a successful trader's approach to the forex. Of course, developing the proper trading psychology is no easy task. Unless you are one of the chosen few who is not subject to the human element, taking a few tips from the market pros can help you consistently align risk to reward. Trade with no emotion as they...

francisrv

To decide on the best platform we took the following consideration into account: *Functionality: A solid platform must combine cutting-edge technology with a user-friendly interface. The result is a robust, powerful trading suite. *Latency: In the contemporary forex market, speed is a commodity. Top-tier platforms eliminate unwarranted latencies in the areas of...

francisrv

Conventional financial wisdom tells us that to make money in the markets, one must first have a small fortune. While this assertion may hold true in real estate or government bonds, forex trading gives individuals of all capitalizations an opportunity to generate consistent profits. Putting a hard figure on how much money one needs to trade forex is relatively...

francisrv

1. Trading Costs 2. Customer Service 3. Dealing Desk, Or No Dealing Desk 4. Trading Platform 5. Margin 6. Regulation A variety of choices among forex brokerages has arisen that may make the decision of whom to work with seem daunting. However, if traders follow some basic guidelines in regard to cutting costs and maximising the efficiency and security of their...

francisrv

As the world's largest financial market, the forex attracts millions of participants from around the globe on a daily basis. The result is a highly liquid, diverse trading venue that caters to the needs of retail and institutional investors alike. Whether you're a forex market newcomer or professional, the ultimate goal of active trade is the same: sustain...

francisrv

For anyone interested in beginning a forex trading career, it's important to thoroughly evaluate the advantages and disadvantages listed above. If the cons of forex outweigh the pros for you, then it may be better to search for a more suitable line of work. However, it is possible that people could build a career in the foreign exchange market. The freedom to...

francisrv

Advantages *Enhances Capital Efficiency: In forex, capital efficiency is the comparison of how much money is being risked relative to potential profits. High degrees of leverage help traders maximize the potential of their risk capital and turn minimal investments into substantially larger returns. *Extraordinary Profits: The greater the applied leverage, the...

francisrv

For many, working a full-time job is a non-negotiable part of life. Sustaining an existence, no matter how meager or lavish, often requires the dedication of most of our waking hours. Expenses such as rent, a mortgage, utilities, food and transportation are obligations that must be satisfied. While there are exceptions, meeting these challenges typically requires...

francisrv

The forex market is often viewed as a day trader's dream. Frequent opportunity coupled with the availability of financial leverage are attractive characteristics to anyone interested in pursuing a career as a professional day trader. No matter if one is an intraday scalper, momentum, or breakout trader, the forex market has a suitable currency pair for the...

francisrv Updated 

my objective is to help others make profitable trades. i used to work as licensed stockbroker for etrade. shifted to day trading and became my own boss. best career decision ive ever made!

francisrv Updated 

TRAITS OF SUCCESSFUL TRADERS TRAIT 1: SUCCESSFUL TRADERS CUT LOSSES, LET PROFIT RUN. ---------->when trading, follow a simple rule: seek a bigger reward than the loss you risk. TRAIT 2: SUCCESSFUL TRADERS USE LEVERAGE EFFECTIVELY. ---------->to calculate leverage, divide your trade size by your account equity. i use min leverage between 2%-10% only. TRAIT 3:...