News Trading: The Mechanics and Psychology Behind
News Trading: The Mechanics and Psychology Behind
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...
September 1, 2023 15 min read
Essential Skills for Achieving Trading Success
Essential Skills for Achieving Trading Success
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...
August 7, 2023 6 min read
Personal Development Philosophies for Sustainable Trading Success
Personal Development Philosophies for Sustainable Trading Success
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...
July 6, 2023 10 min read
How Much Does a Forex Day Trader Make?
How Much Does a Forex Day Trader Make?
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...
April 3, 2023 15 min read
Economic News with Highest Potential in 2023
Economic News with Highest Potential in 2023
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...
March 31, 2023 12 min read