Category: Psychology

To make it as a successful trader, you must know how to trade the news. The macroeconomic data that constitute the bulk of news trades are the main drivers of price action because they mould the sentiment of the big money in the market. The resultant price moves may carry on for a considerable length...

Trading, often perceived as a realm accessible only to those with extensive technical knowledge, is much more than charts, graphs, and numbers. It is an arena where a diverse set of skills come into play, governing the trajectory of a trader’s journey. This article takes a comprehensive look at those crucial skills – the tools...

As all traders discover at some point, the buying and selling of financial instruments requires a unique combination of skills. Apart from trading know-how, you’ll also benefit from some other attributes that lead to success. While technical analysis, risk management, and market knowledge are crucial, personal development also plays a vital role. So cultivating the...

It is hard to say exactly how much forex day traders make as most traders are known to be very discreet about their earnings. Based on recent case studies, the estimate for the average salary for day traders in the United States is approximately $43,378 per year. The requirement for the job is a Bachelor’s...

There is going to be a lot of price volatility in the forex and commodity markets in 2023 as a result of political and economic events that will shake the world. These will produce great opportunities to profit from the news. This article will show you which macro economic data you should be trading in...