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Brigette Dumas


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What Is Risk Tolerance in Trading?

[fa icon="calendar'] Jan 23, 2020 5:45:00 AM / by Brigette Dumas posted in Trading Psychology, Trading Habits, Risk Management, progress, confidence, mistakes, risk tolerance

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Risk tolerance is how much of a loss you’re willing to take. “With no risk, comes no reward.” Have you heard this saying before? Keep in mind, it goes both ways, because the greater the risk comes the greater the potential for losing money. Risk tolerance defines your ability to withstand losses when things don’t go exactly as planned.

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How to Trade with a Busy Schedule

[fa icon="calendar'] Jan 21, 2020 5:45:00 AM / by Brigette Dumas posted in Trader Tips, shawn lucas, beginner trader, schedule, busy

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In today’s world, trading Forex with a busy schedule can seem like a really difficult thing to balance. But, you can do a few things to help manage your time commitment and profits along with your everyday life to make things run smoother because not every trader can commit all their time it. Trading needs a schedule because we know the markets move very chaotically, and it’s easy to get lost without a reasonable schedule to follow. So, I recommend getting started on a trading schedule so you're more comfortable trading and have less anxiety and nerves holding you back.

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Pros and Cons of Trading

[fa icon="calendar'] Jan 18, 2020 6:00:00 AM / by Brigette Dumas posted in learn to trade, motivation, mistakes, benefits, pros and cons

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Forex trading has emerged into popularity due to its high liquidity 24/7 availability schedule and easy accessibility. Currency is the most important factor in the world. Currency trade exchange is liable and important for foreign trade and the import and export business. It’s also largely appealing to “be your own boss” while being able to work anywhere in the world, such as your own couch, office, kitchen table, while on vacation, from your mobile phone etc.

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What Is a Position Trader?

[fa icon="calendar'] Jan 16, 2020 6:00:00 AM / by Brigette Dumas posted in Patience, Trader Tips, profits, long-term trading, position trading

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A position trader is a Forex trader who will hold a position in a trade for a long period of time. The “holding” period can last anywhere from hours to months to even years! This kind of Forex trading is typically used only by extremely patient traders and requires a good forex education and understanding of the fundamentals. My trading education and experience comes from The Apiary Fund and I am so thankful for my education because without having a thorough education under your belt.

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What Traders Need to Look for in 2020

[fa icon="calendar'] Jan 14, 2020 6:00:00 AM / by Brigette Dumas posted in Trader Development, Trading Plan, learn to trade, trading goals, 2020

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2020 is not a new year but a new decade! How exciting of time and as a Forex trader, we need to realize how important it is for us to come together as a community and share what we know in order to continue to grow in our trading journey. The market is constantly changing and evolving, so in order to be successful, we also need to continue to emerge into the Forex industry more mature and with the tools required to be successful. Even if you have a bit of experience in the Forex market, it’s wise to continue to educate yourself and practice different strategies. Here’s a list for you to go over and help educate yourself in 2020.

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3 Things Every Trader Needs to Avoid

[fa icon="calendar'] Jan 10, 2020 6:00:00 AM / by Brigette Dumas posted in Trader Development, beginner trader, trading goals, progress, mistakes

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Every trader wants to avoid the mistakes of others, in order to make profits and be successful themselves. In a field where traders are seeking to make profits and turn profits into money, a mistake can turn out to be very costly and ruin one’s perception of trading. Just like with any other business and fair trade, the foreign exchange market is no different when it comes to following some guidelines and principles.

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Best Day Trading Setups

[fa icon="calendar'] Jan 9, 2020 6:00:00 AM / by Brigette Dumas posted in trading forex, trading tips, apiary fund review, day trading, setups

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Day trading really comes down to getting into a good and steady rhythm. Your specific trading style is what makes your market experience different from other traders. The Apiary Fund is the brokerage company I have gotten all my education and experience through, and they want their trading community to be comfortable and confident in their day trading setups. With that being said, as I list some of the most common day trading setups, you need to look for the setup that fits best with your trading style in order to have forex success.

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Best Apps For Forex Traders

[fa icon="calendar'] Jan 7, 2020 6:00:00 AM / by Brigette Dumas posted in Forex, trading forex, shawn lucas, beginner trader, apps

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Being an active currency trader, you need access to market news, quotes, charts and your trading account at all times. A Forex trading app is a desktop or mobile-based application used to trade the Forex market and provides useful information for your daily trading activities. They range from news apps, trading platforms, and various trading tools, such as daily currency correlations. When all this is combined, these trading apps offer a complete tool-box for effectively navigating the Forex market.

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How to Choose a Trading Strategy

[fa icon="calendar'] Dec 21, 2019 6:00:00 AM / by Brigette Dumas posted in Success, Trading Plan, Trading Strategy, beginner trader, trading goals

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Becoming a Foreign Exchange trader is not as easy as some may assume. Going through the educational process alone can be a very daunting and overwhelming task and can stress anyone out, just with the amount of educational information you need to cover. When you start going through the Forex educational process, you will start to notice chatter of trading strategies or systems. To navigate through the array of Forex strategies, some basic guidelines you can use are:

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The Best 4 Types of Indicators for Traders

[fa icon="calendar'] Dec 19, 2019 6:00:00 AM / by Brigette Dumas posted in Forex, apiary fund review, beginner trader, indicators

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Many Forex traders hope to seek out the perfect system and to outmaneuver the market. But unfortunately, there's no magic key you can enter into the market and suddenly become successful. However, there are many indicators a trader can use to help navigate the market more clearly, making the up’s and down’s seem to slightly smooth out. Four of the indicators that some of the most successful traders rely upon in the markets today are the following:

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