Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks.
Forex trading in the U.S. is not the same as in other countries. Although the forex market is decentralized, traders in the U.S. have more restrictions than those in off-shore countries. The forex trading environment in the U.S. is heavily regulated, and brokers have to adhere to strict guidelines.
Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. And, combining the different approaches has been proved to be more beneficial in generating profits.
Forex sentiment refers to the overall feeling the market participants have about the performance of a currency pair. It is a useful way of gauging the feeling or tone of the market and then making appropriate trade decisions.
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Back when the FPA was new, there was one unique bit of Felix’s philosophy that really struck me. What caught my attention was that he talked about always donating 10% of his trading profits to a worthy cause. He said that when he did this, new opportunities opened up, and when he didn’t do this, good opportunities were few and far between. This helped to resolve a deep ethical dilemma I have had with the whole concept of forex trading.
With the collapse of Bernard Madoff’s 50 billion dollar investment fund, Ponzi schemes are very much in the news. Recently, the FPA investigated CRE Capitol Corporation and the TradeLite HYIP, both of which turned out to be Ponzi schemes. I’ve covered some of this before in my article about managed forex, but since so many people have lost so much money to both classic Ponzi schemes and HYIPS, I thought this style of scam deserved a more in-depth analysis.
One of the benefits of Bitcoin is the ease of sending it to anyone anywhere across the globe as long as the person has a Bitcoin address. While there is no intermediary like banks or agents, you have to pay a certain fee for every transaction.
Cryptocurrencies have increasingly gained popularity, with more and more people joining the crypto world. Bitcoin is the most widely used currency; taking up a large share of the digital currency market. Its value has skyrocketed since its inception, offering a great investment opportunity where many have reaped the benefits. However, Bitcoin is also volatile and has its risks.
The cryptocurrency market is characterized by high volatility that results in booms and busts. Since the introduction of cryptocurrencies, we have seen plenty of swings. The first of these booms was witnessed when Bitcoin rose from as low as $0.003 in 2009 to about $150 by 2013.
Forex trading is more than a regular business; it is partially an art, partially a science, but never just pure luck. Everyone can make himself a successful Forex trader, especially with wise guidance at the beginning of this long, but rewarding path.
Following the surge in Bitcoin and cryptocurrency interest in 2017, a lot of people began Bitcoin mining on phones. This surge in cryptocurrency interest eventually led to new restrictions being implemented from companies such as Google, Facebook, Apple, and others.
Early History of the Forex Peace Army In 2005, Dmitri Chavkerov started a website called Free-Forex-Trading-System.com (Currently Inactive). On this website, Dmitri listed quite a few different forex-related companies that he was involved with. He shared his experience with each of those companies and personally ranked each of them from 1 to 5 stars. The Middle Ages …
Bitcoin and other proof of work cryptocurrencies are decentralized, and therefore not powered by a centralized authority. Instead, they are powered by a network of minors using their computing power to validate transactions and keep the network secure.