Australian dollar falls against US dollar as markets shift to risk-off; the 2022 BRICS Summit set to kick off today in virtual format and AUD/USD looks set for further weakness above key trendline support.
Source: Bloomberg
Forex United States dollar Australian dollar BRICS United Stat
MANAGING FEAR AND GREED WHILE TRADING: MAIN TALKING POINTS
Fear and greed are two drivers that influence our everyday lives
These influences carry over to trading and can be detrimental
Traders can remove these drivers by looking at the big picture and planning ahead
Fear and greed are often identified as the main drivers of financial markets. This is clearly an oversimplification, however fear and greed do play an important role in the psychology of trading. Understandi
THE BENEFITS OF A SIMPLE STRATEGY
Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Traders often feel that a complex trading strategy with many moving parts must be better when they should focus on keeping things as simple as possible. This is because a simple strategy allows for quick reactions and less stress.
If you’re just getting started, you should seek the most effective and simple strategies for i
Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, we explore the importance of day trading psychology, for both beginner and more experienced traders, and give some pointers on how to trade without emotions.
THE IMPORTANCE OF CONTROLLING EMOTIONS WH
Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders.
Greed can very easily turn good trades into bad ones and bad trades into worse trades. This article provides a number of tips to control greed and how to stop it interfering with your trading success.
WHAT IS GREED IN TRADING AND HOW DOES IT IMPACT TRADER SUCCESS?
Greed can be
Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. However, not all triangle formations can be interpreted in the same way, which is why it is essential to understand each triangle pattern individually.
Forex triangle patterns main talking points:
Definition of a triangle pattern
Symmetrical triangles explained
Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, we explore the importance of day trading psychology, for both beginner and more experienced traders, and give some pointers on how to trade without emotions.
THE IMPORTANCE OF CONTROLLING EMOTIONS WH
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