Post Tagged with: "closing positions"
Trade Responsibly Chapter 8: Learn How to Lose
Winning is fun and useful, but losing is also part of the game. Successful traders lose quite a few trades, but know how to minimize their losses and cope with the situation. In order to win in the long run, you often need to know how to lose in the short run and remain in
Oops, we’ll reinstate your position
Not all forex brokers were born equal. Some will play dirty tricks to drain your account without being typical scammers. Here’s ascenario that happened to me and to many others. This should ring all your bells. There is a solution: take your business elsewhere
High liquidity and High volume
The daily volume in the Forex market is estimated at 3 trillion dollars! This inconceivable figure is slowly on the rise. This astonishing number (3,000 billion) is divided between deals intended for payments related to import and export, and investment deals. These investment deals (or speculation) are 95% of the flow in the market. This
Large Leverage in the Forex Market
There’s a very high volume and high liquidity in the Forex market. This draws many banks, investment houses and brokers into the market, thus creating competition. And, since there’s a high volume, open positions can be closed at almost any market condition. Trading agencies can offer their customers very high leverages, something that is uncommon