Hope keeps us going, sure, but don’t let it cloud your judgment. It's better to stick to your trading plan and manage those risks well; that's the real key to success in trading ;)
Oh, that's an interesting perspective. I wasn't aware of it. However, some brokers offer commission-free trading, which might change the way this is perceived since they don't benefit from buying and selling commissions in those cases.
Definitely, especially for running trading bots or strategies that need to be active 24/7. Plus, some brokers offer free VPS services if you maintain a certain account balance.
A limit order by an individual trader typically doesn't move the market. However, large limit orders from institutional traders or significant numbers of limit orders at the same price level can influence market prices, particularly if these orders are visible to other traders.
Spot Forex is directly trading actual currencies. On the other hand, trading with a retail forex CFD issuer involves contracts where you speculate on currency prices, but you don't actually exchange any currency.
I’ve found that keeping it simple works best: Limit the amount you risk per trade (a small percentage of your account is ideal), always set stop losses to cap potential losses, and aim for a solid risk-reward ratio to ensure your wins outpace your losses.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.