Trading Psychology: Profit Targets in Forex with Exness
Closing the trade at the most favourable price level is equally as important as getting into the trade at the right time. In the end, the price level at which you get out of your position and exit the trade determines the overall profit or loss of your trade. In this article, I’ll shed some light on the psychology of profit targets and the probabilities game of every single trade.
Forex Swing Trading Strategy in Exness: The Complete Guide for Trader
Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it doesn’t have to be that way. Why not start with identifying a suitable trading style, such as Forex swing trading? Compared to the seemingly endless numbers of strategies, there are far fewer trading styles. While the exact figure is debatable, I would argue that there are less than ten popular styles in existence. Once you’ve identified a trading style that fits your personality, it becomes much easier to find a suitable strategy within that style. If you have identified swing trading as a candidate—or just want to know more about it—then this post is for you. By the time you finish, you will know exactly what swing trading is and whether it’s right for you. I will also share a simple 6-step process that will have you profiting from market swings in no time. Read on to learn how to make swing trading work for you.
Trading post-crisis: chances and opportunities in Exness
When the market was brought to ground zero by the virus and the crisis in March, you said This is the apocalypse! I cannot enter now! Maybe the world will end tomorrow!. Couple of months later, when the market was already in the course of recovery, you said There is too much uncertainty! There may be a second bottom! A reversal is coming!. A bit later, when the recovery was all around, you said The virus second wave is over there! Doesnt make sense to open positions!. Now, when the SP refreshes its historical highs on a weekly basis, you say Oh, its too late already! No one entered at the highest high!
From Delivery Boy to Successful Trader with Exness
Getting some nutritious meal to eat for dinner or saving money for a small gift for the little sister? Purchasing a new t-shirt to play football or use this money to fill in the fr...
How to make Profit In Exness from Useful Forex Buy and Sell Signals
Just about everything I do in the Forex market revolves around six buy and sell signals. Three are candlestick patterns while the other three are chart patterns such as the head and shoulders. You probably know I like to keep things simple. But simple doesn’t mean unreliable or unprofitable. In fact, the simple buy and sell setups below are some of the most profitable patterns I’ve come across after more than a decade of trading. Interested to learn more? Let’s get started!
Why Most Traders Lose Money? - How to Overcome The Shock in Exness
Let’s start by making one thing clear: there’s no single trader who has never made a loss throughout their career. Whether it was because of lack of education, technology meltdown, lack of discipline or emotional intelligence, wrong series of decisions or simply bad luck, every trader will eventually experience a loss or even several. It’s undoubtedly an unpleasant experience that will leave any trader shocked and very disappointed, especially if they performed well with a demo account. Many traders even quit the forex market because they lost money. That’s why it’s very important to know how to deal with losing money and bounce back after a big loss. It’s important to talk about this issue because experiencing a big loss can make you question yourself. Questioning yourself, career choices and level of understanding can lead to quitting, skipping trades because of fear of losing or getting into more trades than you should to try and get your money back. Bouncing back after a big loss is not that difficult. There are several steps you can take to make things better for you. Of course, those steps can’t turn back time and give you your money back. However, they can help with repairing the mental damage done, especially to your confidence. Let’s get started on our tips for overcoming the shock after losing money
A day in the life of a Full-Time Forex Trader in Exness
Until recently, the name forex inspired fear and mistrust for many people not familiar with the financial industry. Not so long ago, the financial opportunities that came with trading currency pairs were only available to big businesses and fat cats in suits working in glass tower offices. Now, thanks to advances in personal computing and internet connections, the global market is readily available to anyone with a credit card or eWallet. There are people all over the world who made a choice to pursue trading as a full-time activity. The life of a full-time trader from home can be lonely, as is often the case for work-from-home activities such as freelancing or blogging. It’s not for everyone. If you’re thinking about pursuing trading as a daily activity, read this first. Of course, this does not represent every stay-home trader. This is just one of many versions.
What is a Forex Trading Plan? - A Step-by-Step Guide to Develop a Forex Trading Plan in Exness
There is a fine line between success and failure when it comes to forex trading and a forex trading plan is something that can tilt the scales in favour of one or the other. Considering the fact that every decision you make when you trade in the forex market translate to either success or failure, you want to be able to implement a method or a formula that is engineered to minimise the risk of loss and help you become successful in your own accomplishments and the goals you have set. A forex trading plan is what many traders appreciate as a helping hand and a trusty guide in their trading activities. In fact, many will predict your failure as a trader just because you don’t stick to your own personal and tailored forex trading plan.
Beginner Make More Profit than Old Traders in Exness, Why?
If you read this article, I’m sure you have gone through the early stages of the trading “career”. There was a time when you were a beginner in Exness-. Now looking back, it is so funny and dumb because of making money without understanding the reason. You can say, at that time, your profitability is the best. Do you believe it? You didn’t even know how to use an indicator, how could you make a profit? You make a big mistake. At that time, you were very careful with each trade and complied with the entry conditions of the strategy you had chosen. Such carefulness helped you get the first few wins, though not so big. However, it didn’t last long. Time made you lose your original good habits. In today’s article, we will discuss the reasons why new traders trade better than the old ones. Let’s follow it up!
The Best Account for Forex Trading Beginners in 2023 with Exness
Forex trading is very complicated place for all beginners. Many researches demonstrated that over 90% beginners lost their money when they trading at the first time. So its not har...
What is Money Management in Forex? 10 Forex Money Management Tips in Exness for Beginner Traders
Money management plays an extremely important role in Forex trading. Without proper risk and money management techniques, trading would not differ too much from gambling in a casino. Even the most profitable trading strategy won’t produce positive trading results if the trader doesn’t respect at least the most crucial concepts in money management. To help you out in your trading journey and to show how important Forex capital management in trading can be, we compiled a list of the top 10 Forex money management tips that every trader should know.
How to Make Money in Exness Forex during the coronavirus lockdown
In the wake of the novel coronavirus outbreak and associated shutdowns and shelter in place orders. Governments across the world instructing businesses to close their doors,forcing people out of their jobs, as well as being ordered into self-isolation, which will leave many people facing huge debts,and many will go broke with some people losing their businesses and even their homes. At press time, no one really knows how long it'll be until our lives return to normal, and that means the unemployment rate may very well get worse before it gets better. But don't despair yet: From getting creative with distanced work, to turning your newfound organizing fervor into cash, there are ways to make money during the coronavirus outbreak, people will reinvent themselves with new business opportunities and where because they will mostly be in isolation those opportunities can only arise online. Therefore, isn’t it about time that you considered working in the forex industry? Because no matter what happens, the money markets continue to operate even during crises such as we are faced with at the moment. The forex market is the largest financial market in the world, it is a potentially unlimited way to make money in a $5 trillion a day between traders, buying and selling currency pairs and is the largest market in the world. A currency pair is the rate of exchange between two countries' currencies. For example, at the time of writing this article, the exchange between the EUR (Euro) and USD (United States Dollar), which would be displayed as EUR/USD, was 1.1252. That means that for one Euro, you could buy 1.1252 of USD. These rates are constantly changing, in most cases the last two digits, up and down. We call this fluctuation in price liquidity. Traders are looking for opportunities to buy one currency at a low rate and then sell it for a higher rate.