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Risk Management for Daytrading

2021.08.31 08:50 GMT

Risk management is one of the most important aspects in trading that gets very little attention. Judge for yourself, for every 100 books on trading you can find 1 book on risk management, for every 1000 posts on forums you can find 1 post about risk management. Most of traders think that you can simply place a stop loss order and that 's it! They think that they have a risk management system.

risk management
3 weeks, 4 days ago
Metatrader 5 Platform: Tips and Tricks

2021.08.13 10:07 GMT

We review the most popular trading platform used by Forex and Crypto traders and explain you how to set it up properly, how to create a default template and use some of its amazing features. This video is a great tutorial for traders who would like to enhance their knowledge about MetaTrader 5.

metatrader5
1 month, 1 week ago
Bitcoin & Elon Musk: Love or Hate Relationship

2021.08.11 09:58 GMT

How Elon Musk impacts the price of Bitcoin? How to make Fundamental Analysis? How to trade Bitcoin? In this video we are going to review some of the famous twits of Elon Musk and how he manipulates the price of Bitcoin.

bitcoin elon musk
1 month, 2 weeks ago
Is it time to switch to MetaTrader5?

2021.06.07 17:52 GMT

MetaTrader4 developed by MetaQuotes Ltd is known as the most widely used and popular trading platform for Forex trading. MetaTrader5 is the successor with multiple improvements and additional features added to the platform. Despite the new version, the transition to MetaTrader5 has actually been very slow. There are still many brokers offering MetaTrader4 while MetaTrader5 gains ground slowly. So what is the best trading platform for Forex traders in the market right now?

metatrader4 metatrader5
3 months, 2 weeks ago
What BIS and EuroMoney surveys can tell us about the Forex Market?

2021.06.07 10:08 GMT

Have you ever heard of BIS? BIS stands for Bank of International Settlement. The BIS is based in Basel, Switzerland and acts as a custodian for the world’s central banks. Once every three years, the BIS conducts a survey of its central bank clients regarding currency trading activity in their country. The first survey was conducted in 1986, with four countries taking part. Now the number of participating central banks is over 50. The report has plenty of useful and interesting data for forex traders. Let's dive deep into the details of the report.

bis forex euromoney
3 months, 2 weeks ago
Non-ergodicity of Financial Markets

2021.01.09 10:52 GMT

Financial markets are unpredictable and stochastic by nature. They depend on many random events and many unknown unknowns. Nevertheless,  we have an illusion that markets are predictable when we look retrospectively at historical charts, and suddenly everything makes sense. This is known as hindsight bias or I-knew-it-all-along phenomenon. Events like COVID-19 completely change the status quo and prove that we cannot time markets. This brings us down to Earth and we realize that we, as humankind, have a little control of what can happen tomorrow. But even without black swan events, our perception of randomness is distorted, and this is related to non-ergodicity of financial markets. Nassim Taleb wrote: “There is no probability without ergodicity.” Let's have a look at ergodicity and why financial markets are non-ergodic.

probability
8 months, 2 weeks ago