Two elements of every strategy: entrance and exit rules and stop-losses

Posted on July 4, 2016September 22, 2016 by adminsat7

You are almost anonymous on the international foreign exchange market. So are your trading decisions. Every single deal should be treated like an independent event, unless the string of deals is a part of your strategy. Since the psyche of the trader affects the efficiency of trading to a huge degree, it is important to[…]

Why having a trading strategy is so important?

Posted on July 4, 2016September 22, 2016 by adminsat7

Forex market, from the trader’s viewpoint, is a very challenging market. Every piece of information can have huge influence on the currencies’ exchange rates. The exchange rates often change unexpectedly and rapidly so the lack of a proper trading strategy dooms inexperienced traders to failure. In case of such a volatile market iron discipline is a[…]