Never underestimate yourself as a trader

People have the habit to always compare themselves with the other trades. It is wrong and you do not know what your future has in stock. Sometimes you may feel that you are not worthy of your investment and you should do what other people are doing. This is the one thing you should never do in Forex. You may lose all your money, you may lose all your profit that you have made but never ever underestimate yourself. You do not know the talents that are hidden in your character. You only need to let it out in the open and nature will do the rest. People always think the other people are right, they can take the right decisions.

They are afraid of themselves and do not do anything because they are scared of the market trends. Just believe in yourself and step your feet on the industry, you will find this trading is not as hard as you thought. You can also make money consistently if you want. Every trade has fair chances if they start trading with their quality and talents. This underestimating is very harmful and this article will tell you why you are the best that you have got. Professionals will only help you to a certain level but you have to make your decisions when they go away. It is your talents that are going to help you but if you do not believe it first, we cannot help you.[Continue Reading…]

Forex Trading

Forex trading is a thriving industry especially in the US. It has been in existence for over ten years and is the most popular liquid market in the world. On average, the daily forex trading exceeds 5 trillion dollars. All the other trading stocks do not come anywhere close to this volume even when put together. The US currency is the most traded in forex trading, closely followed by the euro.

What is forex trading?

For some people, forex trading or foreign exchange trading is a very confusing and a thorough understanding of how the transactions take place is necessary before any trading.

Forex trading involves two currencies against one another. One of the currencies acts as the base while the other acts as the counter currency. Taking for example the US Dollar vs the EUR, which also happens to be the pair with most trading worldwide, you can take the EUR as the base and the USD as the counter. On the forex bureau platform the price of one euro will have its equivalent in US dollars. The two prices are the buy and sell prices. You buy the euro at a certain amount and sell it for another amount in US dollars. Whatever difference you get between the selling and buying price is called the spread.

What determines the spread is the global demand for the currency. Demand can either push the values up or down in comparison to the other trading currency.[Continue Reading…]

Building and growing your Amazon business

The multinational giant Amazon has been growing from strength to strength. In 2017, for example, its total global sales reached a reported £124.6 billion (31% up on the previous year), and profits reached a staggering £2.1 billion (compared to £1.7 … [Continue reading]

Owning a second home

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Types of workplace and company pension schemes

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Smoking & life insurance

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What is the 2% rule and why is it important?

One of the most important lessons every trader should observe is risk management. This is the difference between keeping and making more money, or losing money and going broke. It may sound like an easy, straightforward principle, yet it is still one … [Continue reading]

Why is US dollar traded most in Forex?

Many people think why our dollar is traded most in the Forex market. There are lots of other currency in the world and you will be surprised to see that one currency is dominating the world. When there are major and minor currencies in Forex, there … [Continue reading]

Why the expert consider trading as their business

Why do we have to think like the businessman? Why can't we think of someone else? Well, the main reason why the traders in the United Kingdom are succeeding because they trade like a businessman. They consider trading as running a business. Most of … [Continue reading]