Human psychology is naturally wired to hate losing. This is why many traders move their stop losses further away or refuse to use them at all, hoping the market will turn around. This "hope" is the enemy of risk management. A solid risk management...
In my early days of trading, I used to think that risk management was for people who weren't "brave" enough to take big risks. I learned the hard way after blowing two accounts in a single month. The market doesn't care about your bravery; it only...
News for trading Today we have high-impact news. The high-impact news involving various currencies. We have some low and medium-impact news as well. There will be much volatility in that area and with any pair related to the currencies seen below....
USDCAD Price Forecast: We are currently discussing the current price movement of the USD/CAD currency pair. The USD/CAD pair is stabilizing, continuing its downtrend and reaching new target levels. It is trading below 1.36591 and is under continued...
One of the most important reasons to manage risk is the "Math of Recovery." Many traders don't realize that if you lose 50% of your account, you don't just need a 50% gain to get back to breakeven—you actually need a 100% gain! The deeper the hole...
