Many world events throughout 2016 has caused the this years Forex forecast to be cloudy. With a large influence on the world currencies, politics will play a major role in setting prices this year. It will likely be a lot of volatility as it is difficult to predict market prices from politics. Even positive political influence have adversely affected markets in the past.
Every industry has its own special jargon – the accounting world does too. To help you better understand that jargon, here are 24 terms from the accounting world that every business owner should know.
I always received this question when meetup with other new traders, who asking about the best way to find entries and which technical analysis strategy should they used.. And my answer is always the same: it does not matter; every system can be profitable. Entries don’t matter.
Below is a great article written by a trader called Rolf and his sharing totally resonate with my thoughts.
It has been an exciting and challenging 6 months so far since I decided to quit my full-time job and turn into full time trading as my career.
Preserving emotional capital is often more important than protecting your financial capital. A trader who loses his emotional capital is more likely to blow up his account, or quit trading completely, because he cannot manage his emotions properly anymore and enters tilt-mode.