In this article, I thought being able to discuss the most common language you will encounter while trading in the Forex markets was important so you don’t feel as if you’re in completely over your head. You should be prepared enough to follow along with the lingo when going through your education to learn how to trade, and I’m hoping to provide you with some of the most common language you can expect to see beforehand. The first most common term you can expect to see a lot of is Pips. The following are 12 terms you're likely to encounter:
Trading can be really complicated, but once you identify your target strategy and gain experience, you'll notice how much confidence you begin to develop. Trading foreign currency is easy, trading it well enough to be successful and profitable is challenging. Here are some steps to share with you so trading comes as naturally as possible.
Hello. In this article, I'll explain how you can be sure you're meeting your trading goals and expectations and coming out successful! Trading can be tricky, that's why I myself am wondering all the time, am I doing a good job trading?
Hello to you all. In this article, I thought it would be a great idea to discuss why the currency market is the best source you could consider to invest your finances in. If you’re new to the currency market, investing could seem a little risky and maybe sketchy. The past used to be dominated by banks and institutional investors. However, online brokerages and online trading accounts have made forex trading available to everyone! The forex market is the largest and most liquid market in the world, so you should be aware of all the risks that set the forex market aside from from other markets like bonds and equity. Some of the key benefits of the forex currency market are with such high leverage used when investing in forex that it can result in high volatility and have a greater risk of loss.
When you first begin trading in the Forex market, it can be extremely overwhelming if you don't understand the tools and terminology you'll be studying. While you go through the process of learning the basic fundamentals of trading I thought it would be helpful for you to know a few quick tips on how to save money while you go through your trading journey.
At the beginning of your trading journey, you can expect a lot of mixed emotions. One of my favorite things to do when you want to get a good read on what a first time trader will be genuinely experiencing, is watching some of the Trader on The Street videos. I love being able to watch them because these are unsuspecting people of what they will find in the markets. They're people just like you that have never done this before. When Apiary Funds head trader, Shawn Lucas sits down and shows them how much money they can make with the right education and experience Apiary Fund can provide for you. They have a genuine astonishment at the money they made right before their eyes. If you want to be truly profitable, you need to be willing to invest in your education first and foremost.
“You have the power to decide how you will respond to uncertainty.” -Yvan Byeajee
I thought it would be great to have a list of ways you can increase your productivity when trading for those times you might be feeling a little burnt out. I try to run through some things I can do to get me excited to trade all over again if I notice I’m starting to lack in my trading routine. The first thing I suggest is trying to wake up and get plugged into the market earlier when its most volatile, which allows you to take advantage of all that movement and give yourself time to research higher time frames! This gives you a chance to also go over price and time cycles, which gives you the chance to prepare your statistics as well. If you work full time and only trade part-time however, creating a work calendar will do wonders to keep your personal and work-related errands and to-do list organized, and you will feel less stressed out.
Hello, by reading this, I think it’s safe to assume you’re looking into trading and want to get more information on what that might look like in your daily life. I’m going to explain how I’ve managed to balance both my personal life and life as a day trader. I’ve expressed already in previous blogs the reasons I love trading, and how it works so well with my life. But, if you haven’t read any of those reasons yet, I’ll briefly explain. I love that I can choose my own hours, I love how mobile the market is and I love being able to be my own boss. The market will always be around, so there’s no chance of me getting laid off! I’m sure you have some of your own reasons as well to look into trading.
Hello! I’ve been thinking about ways to best explain on how you can get prepared when investing in Forex. I think having a clear understanding of your goals and trading style is your first step. Knowing what your “risk profile” is will be so helpful to preparing your goals. Working with Apiary Fund gave me the opportunity to take the “Investor Profile Quiz” which allowed me to better understand my strengths and weaknesses when it comes to trading. I strongly suggest every trader take this quiz because it gives you insight on what you need to be aware of when making your trades in order to be most profitable. This will allow you to make certain your personality matches your trading style so there won’t be any mismatches that cause losses and unwanted stress.