Some Techniques to Reduce and Control Drawdown
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
Have you ever seen a key resistance level breached and entered a long position right before the market turns the other way and dumps hard?
Are you just starting on your Forex trading journey? Are you unsure as to the difference between fundamental and technical analysis? Perhaps you’re wondering which trading approach is right for you?
The beautiful thing about trading is that it accommodates different personality types, and as a result, different trading styles have been developed. And position trading is one of the common trading styles in Forex.
Pullbacks occur all the time in Forex. Ultimately, price could be ascending, descending, or moving sideways. But the pullback is always there.
2020 has been anything but a stable year. With the growing political and economic uncertainty, gold has become a popular investment option for many people looking for ways to reduce risks and diversify their portfolios.
When you trade a currency pair in forex, you are not buying or selling the individual currencies. You are only speculating on their future exchange rates and hope to make profits when they move in the direction of your speculation.
There are many tools and information reports on the internet on which forex traders can make their trades. Some of those tools are useful enough to conveniently include in your trading strategy. One of such tools is the COT report.
The Forex market always moves in patterns. This makes sense when you consider how price has and will only move in one of two directions: up or down.
Forex traders are now asking whether carry trading in 2022 remains a viable trading strategy, or if we should consign it to history.