What’s wrong with deviating from your forex trading plan if you make a profit anyway? Making an occasional winning trade, even when you throw your trading plan out the window, may provide a short-term pleasure, but entering trades haphazardly can adversely influence your ability to maintain discipline in the long term. Trading is a marathon, not a sprint!… Continue reading Why Trading Discipline is the Key to Consistent Profitability
Month: October 2022
Why Do Forex Traders Need A Trading Plan?
A trading plan will make trading simpler than it would be if you traded without one. Think of when you use a GPS device. (Or Google Maps on your smartphone.) You enter where you want to go. It then figures out where you currently are and then shows you how to get to where you… Continue reading Why Do Forex Traders Need A Trading Plan?
What is a Trading Plan?
Now that you’re about halfway through our College of Forex, here’s one piece of advice you should always remember. Be your own trader. In other words: Don’t follow someone else’s trading advice blindly! Just because someone may be doing well with their method, it doesn’t mean it will work for you. We’re all in different situations in… Continue reading What is a Trading Plan?
China
If all you know about China is that it has the world’s largest population and the Great Wall, then it’s time to read up! China was first recognized as a unified country back in 221 BC, ruled by the Qin dynasty. No, big, fat pandas weren’t kung fu masters back then; at least we don’t’… Continue reading China
Switzerland
Switzerland was founded in 1291 and is located in the middle of western Europe and shares much of its history and culture with Germany, Austria, Italy, and France. Although being right smack in the middle of Europe, Switzerland is not part of the European Union. While there were talks between the EU and Switzerland in… Continue reading Switzerland
New Zealand
If you’ve seen the Lord of the Rings, then you probably know that Middle Earth is located somewhere along the hills of New Zealand. More than being home to Frodo Baggins and his hobbit friends, New Zealand is also one of Australia’s next-door neighbors in Oceania, the Southern region of the Pacific Ocean. The country… Continue reading New Zealand
Australia
Officially known as the Commonwealth of Australia, Australia could be found somewhere in the Southern Hemisphere, just southeast of Asia. Considered the world’s biggest island, Australia is the only country on earth that governs an entire continent! Before the coming of settlers from Europe in 1788, Aboriginal people inhabited most of the country. Since then, people… Continue reading Australia
Canada
Oh, Canada… Uncle Sam’s friendly, environment-loving, French-speaking, semi-frozen buddy up north. It is a place known to have created some of the most amazing things in the world, such as basketball, baseball, maple syrup, and Smarties. Canada, whose geographical area takes up most of North America, extends from the Atlantic Ocean all the way to… Continue reading Canada
Japan
Konichiwa! Located in East Asia, Japan is an archipelago of 6,852 islands, although a majority of its landmass is accounted for by the 4 largest islands. Despite being a relatively small country, Japan’s capital, Tokyo, is home to 36 million hard-working citizens, making it the largest metropolitan area in the globe. Also, even though Japan is densely… Continue reading Japan
United Kingdom
The United Kingdom is a land of many accents as it is actually composed of four countries: England, Northern Ireland, Scotland, and Wales. Headed by the Queen, the U.K. is considered a constitutional monarchy but is governed through a parliamentary system that is based in England’s capital of London. The U.K. used to be part of the European Union. Unfortunately, this means… Continue reading United Kingdom