Tags Posts tagged with "Forex 101"

Forex 101

Right mental attitude

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Even the best trading systems lose money unless they are executed mechanically and without emotion. Staying mentally focused is one of the most difficult skills for new forex traders.

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At the most basic level, the forex market is a market with exceedingly high volatility, which leads to its inherently high risk being mitigated by the lure of high rewards.

Do you research when deciding on a broker

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One of the most critical decisions you will make as a beginning trader will be in choosing your forex broker. The forex market is a highly volatile market, host to many subtle complexities, and a beginning trader may become so overwhelmed that they neglect to research one of the most important aspects of their trading.