9 Dangers Of Forex Trading That You Should Know

Dangers Of Forex Trading

The forex market is also called the foreign exchange market. Whatever you call it, it’s something that facilitates buying and selling the many currencies of the world.

As with stocks, the purpose of forex trading is yielding a net profit from buying low so you can sell high, while at the same time minimising forex trading risk.

Forex traders have an advantage over stock traders, since they are choosing from only a handful of currencies, while the other group of investors has to sift through hundreds of sectors and thousands of companies. Forex markets dominate the world in terms of raw trading volume.

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3 Deadly Emotions That Can Kill Your Forex Trading Profits

deadly emotions

You can have a “sure-win” strategy but still lose if you neglect one thing — your trading psychology. Every day, Forex traders sabotage their profits as they get gripped by emotions, breaking their trading plan with irrational decisions.

The worst part? You may not even realise it.

Here I will be telling you 3 deadly emotions that can kill your Forex trading profits. If you’ve been losing money in the markets, you’ll find these scenes eerily familiar.

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8 Forex Risk Management Rules You Must Know to Protect Your Capital

Forex Risk Management Rules

No matter how good you are at Forex trading, there will be times when the market just doesn’t go in your favour.

In the event of a losing streak, you want to keep your losses small and maintain enough equity to stay in the game.

To protect your account from getting wiped out by a series of bad trades, you need to have solid Forex risk management.

Let me share with you some life-saving risk management rules I personally use.

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