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Trading Psychology
How to Get Your First Million. Goals and Steps to Achieve.
10:01 AM
Mar 1, 2021
67
Hope you still want to become a millionaire. Today we will discuss exactly how you can achieve this goal. And we'll start with the most important thing - motivation.
Trading Psychology
How to Get Your First Million
6:31 AM
Feb 23, 2021
111
At least once, we all had a thought that with a million dollars our lives would change dramatically. However, this amount seems unattainable. In vain though. You are more likely to become a millionaire than you think. The main thing is to set goals correctly and stick to the plan.
Trading Psychology
What Do You Know About Balance on Forex?
6:25 AM
Feb 12, 2021
224
According to macroeconomic theory, the ratio of supply and demand for a currency creates a balance in the world market. The perfect balance must be maintained through the continuous exchange of one currency for another. Due to the specific features of Forex, traders themselves are able to influence the cost of trading instruments. With the growth of the economy in the country, the demand for their state currency is rising. Along with demand, the value of the currency also increases. On the contrary, money from a country with an undermined economy or unfavorable political events is not very popular. This is how fundamental analysis affects the demand for currencies and should lead to equilibrium in the market. However, in reality, Forex is constantly fluctuating and only strives for balance.
Trading Psychology
How to Fight Trader’s Block
12:32 PM
Feb 10, 2021
251
Have you already encountered a state where you cannot bring yourself to open a new trade or exit an existing position? This situation is called a trader's block. In this state, a person is often unable to trade on a psychological level. This problem happens to so many traders, especially beginners. Let's figure out what causes this block and how to deal with it.
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