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When Should Traders Buy or Sell?
In order to better follow the tips above, it is always recommended that you have defined strategy. Figuring out when you will enter and exit a trade is a prerequisite before you open a live position. Randomly buying or selling a currency pair with no set plan is unlikely to be beneficial, and may well be more stressful. You also won't be able to assess your performance productively as you have no set rules. Only by identifying and sticking to a strategy can you hope to potentially achieve long-term success.
What is your Balance?
When trading, the balance refers to the amount of money a trader has in their trading account. However, it’s important to remember that this amount does not include any profits or losses a trader might have from any open positions. If a trader has an open position, his or her balance might change depending on the losses or profits he or she has made once the trade (or part of the trade) is closed. A trader’s balance is located in different sections on the trading platform, depending on whether the trader is using the MT4 or the MT5 platform.
What Are Exotics?
Exotics are a currency pair group that consist of a currency from an emerging economy or a currency from a small country with a small developing economy. Examples would include Euro Turkish Lira (EURT...
¿Qué son los Exóticos?
Los exóticos son un grupo de pares de divisas que consisten en una moneda de una economía emergente o una moneda de un país pequeño con una pequeña economía en desarrollo. Los ejemplos incluirían el e...
What Are Crosses?
Crosses is the label given to currency pairs that do not involve the USD (Us Dollar). Some of the most actively traded Crosses include the Euro Japanese Yen (EURJPY), New Zealand Dollar Japanese Yen (...
What are Buy Stop and Sell Stop?
When trading in the markets, people place pending orders. These are predefined price levels which signal a buy or sell order of an asset at some point in the future. Once the price of the instrument t...
¿Qué son Buy Stop y Sell Stop?
Cuando se negocia en los mercados, la gente coloca órdenes pendientes. Estos son niveles de precios predefinidos que señalan una orden de compra o venta de un activo en algún momento en el futuro. Una...
What Are Buy And Sell Limits
When trading in the markets, people place pending orders. These are predefined price levels which signal a buy or sell order of an asset at some point in the future. Once the price of the instrument t...
What Are Exotics?
Exotics are a currency pair group that consist of a currency from an emerging economy or a currency from a small country with a small developing econo...
What Are Exotics?
Exotics are a currency pair group that consist of a currency from an emerging economy or a currency from a small country with a small developing econo...
What Are Crosses?
Crosses is the label given to currency pairs that do not involve the USD (Us Dollar). Some of the most actively traded Crosses include the Euro Japane...
What are Buy Stop and Sell Stop?
When trading in the markets, people place pending orders. These are predefined price levels which signal a buy or sell order of an asset at some point...
What are Buy Stop and Sell Stop?
When trading in the markets, people place pending orders. These are predefined price levels which signal a buy or sell order of an asset at some point...
What Are Buy And Sell Limits
When trading in the markets, people place pending orders. These are predefined price levels which signal a buy or sell order of an asset at some point...
