Forex Copier Blog
preloader

Copier

|

Tags: Copier

|

15.03.2021

Best tools for Keeping a Trading Journal

A trading journal is a diary where a trader keeps all the records of his positions, mistakes, and future goals. By keeping a note of the essentials, it is possible to remember all the errors and avoid them in further trading. The continual process will result in increasing your trading consistency over time. Previously market participants used to write everything down on a piece of paper, but with the development in the fintech sector, automatic journals have been developed which note down your positions from the platform in robot mode. All the top traders and institutions recommend keeping a good record of all your trades.

Copier

|

Tags: Copier

|

08.03.2021

Best Exotics to Trade

The world of currency trading offers three different forms of pairs to traders, i.e., major, minor, and exotic. Major pairs combine the US dollar with other vital currencies such as the Euro, the Great British pound, Japanese yen, etc. These are the most widely traded currencies, because they have the best liquidity to offer. On the other hand, minor pairs have less volume as they include cross currency pairs, e.g., EUR/JPY, CAD/CHF, etc.

Copier

|

Tags: Copier

|

01.03.2021

Asymmetric Trading

In the financial industry, you may have heard about swing, position, day trading, etc. However, there is another class in which we classify the big tree that is called Asymmetric trading.

Copier

|

Tags: Copier

|

22.02.2021

Advanced Ways to Enter a Trade

Trading the financial markets involves the implementation of a proper strategy with a proven outcome. Any good game plan includes a hard-to-understand yet straightforward procedure to enter a position. It may be complex, but a little hard work pays off in terms of consistency and gains. Traders can use technical indicators and fundamentals to aid in their entry. Some investors become so skilled at using advanced methods that they experience no drawdown whatsoever.

Copier

|

Tags: Copier

|

15.02.2021

How Do You Turn Around Losses In Forex?

In the financial markets where the banks, hedge funds, governments, and forex brokers play a significant role in manipulating the prices, a novice or an amateur trader is always left behind. Even if a beginner understands the prospects mentioned above, he is eaten up by the big traders when it comes to trading psychology, risk management, and strategy. As a result, most of the executions on the MT4/MT5® platform turn into losers. Losing trades turn create the failed traders who contribute to the 90 percent failure rate in the markets.

Copier

|

Tags: Copier

|

08.02.2021

What is Stop Loss and Take Profit, and why may you need it?

A stop-loss can be termed as an advance order that limits the amount of loss that may incur from your forex trade. It is an excellent option that can save your account from margin calls, puts discipline in your trading, and helps with your trading psychology. For any trade opened on your trading account, a stop loss or SL can be set manually via MT4/MT5®, or it can be a mental stop loss (one that is in your mind). Depending on your position size, increasing or decreasing the value of SL will change the amount of risk on the account.

Copier

|

Tags: Copier

|

01.02.2021

What is Price Adjustment, and why you may need it?

In forex, the price tells you the exchange rate of a currency, or its worth, compared with its counterpart. In a trading chart and MT4/MT5®, it is displayed on the right side in the shape of a bid/ask spread. The bid is the price at which you wish to buy a currency, whereas ask or offer is the rate at which a person wishes to sell the same.

Knowledge Crunch

|

Tags: Copier

|

25.01.2021

Managing risks in copy trading

Incorrect assessment of the psychological and technical risks are the main reasons for capital losses in the process of forex copy trade transactions. We offer several recommendations on how to deal with this problem.

Copier

|

Tags: Copier

|

18.01.2021

What is Lot Size and Risk Management, and Why May You Need it?

The 90 percent dropout rate in the forex industry is mainly because traders cannot manage their lots and risks correctly. With more forex traders gearing up to get rich overnight, they overlook risk management, resulting in blowing accounts worth millions of dollars. Using the proper lot size, along with risk management, will help you become profitable in no time.

Copier

|

Tags: Copier

|

11.01.2021

What are Filtering Orders, and why would you need them?

Any newbie or beginner in trading undermines the necessity of having good knowledge about orders, as most novice traders put more executions on their platform, which turns out to be deadly as it puts pressure on their account.

subscribe

Subscribe

Subscribe