Fall is here and this is the last chance for bees to prepare their winter supplies. Flowers are rare, wind is getting stronger and temperature drops. It’s not a good condition to collect honey. As a smart species, during hard time like this; specially in cold, rain ,or windy, bees will stay in their hive. They don’t want to take high risk moves that give them very little benefit.
As we've mentioned before, capital is the life blood of your trading account. The Forex account types you trade will affect how you first protect, and then grow that capital. A trader wishing to open a new account can generally choose between 3 types of Forex accounts: Standard, Mini, and Micro (Nano). These accounts differ in provided leverage, and, depending on the broker, different minimum deposits required to open that account.
As many of our traders know, the key to successful Forex trading is being able to consistently bring home profits. Setting a goal and knowing what you are working towards is important to a trader. However, the way we set our trading goals will also affect us.
Losses are part of trading. Nothing is bad about having lost trades; it doesn't say whether or not you're a good trader. What is important is how a trader manages their trades, and whether their win ratio is higher than their loss ratio. If you're wondering how to manage losing trades, our answer for you is to build a ‘good’ trading system that can provide consistent profit. Here are couple things that need to be considered when striving to make consistent profit.
The Apiary Fund model is based on the characteristics of an apiary, which is a beehive where not just one bee but a whole community of bees work together to manage the hive. Just like a beehive, the fund (the beehive) grows their capital (the honey) with the help from their traders (the bees).
One of the most crucial aspects in this model is the character of the bees, they make the hive run. Not only does The Apiary Fund represent the function of the hive, but our traders reflect certain bee characteristics that lend to their success.
So what are these characteristics that lead to a successful trader in the hive? We've all heard the term "busy as a bee," and while I am sure we can all be empathetic to the demands of work, family, and social life, we know that it isn't just a full schedule that signals success.