The forex market is characterized by the fact that there are no trifles in it. Any seemingly insignificant detail over a long distance can turn into significant drawdowns. Let us pay attention to any price chart - the quotes are changing every second. Many trading strategies are based on such insignificant fluctuations, or, as they are also called market noise. Scalping, pipsing strategies - the aim of trade here may be just a few pips or tens of pips. But there are a lot of positions during a trading session.

The success of trading on the forex market implies the ability to correctly determine the most successful trades. And here you can't do without the methods of forecasting further currency movement. However, to make accurate forecasts, it is necessary not only to have skills in technical analysis of the market - but it is also vital to understand and be able to analyze the fundamental factors that affect the currency rate.

What prompts people to get into trading? What kind of mistakes do they make, what kind of bumps along the way? What motivates them and keeps them from giving up? Probably everyone who is already a trader or just studying this profession is interested in the experience of colleagues. The real experience of others like them, who are not yet Larry Williams or Jesse Livermore, but who are persistently climbing to the top.

Do you hear appeals at every turn to quit your job and start trading? Are the examples of successful traders actively imposed on you and you are sure that you can repeat their path? Do you think that all you have to do is guess the price movement direction? Alas, it is not that simple, but very interesting! Are you used to the classical phrases like "follow the trend" or "follow the majority"? Then these harmful tips for traders will do you good. Follow them to lose capital as quickly as possible.

Investors and traders use various methods to predict the price movements of stocks, currencies, and other instruments. Technical analysis tools have become the most common. They use mathematical algorithms to calculate the patterns of changes in quotes and draw conclusions about further developments with a certain degree of probability. The other approach - the fundamental analysis - although complicated, is considered by many investors to be more effective. A beginner in the market should know at least its general provisions.

Forex trading is one of the most promising activities for those who want to have a source of income, independent of crises, quarantines, and other restrictions. In the foreign exchange market, some assets are always getting cheaper, others are getting more expensive, and every time you can make money on exchange rate fluctuations from the comfort of your home. All you need for forex trading is a computer, the Internet, some knowledge about trading fundamentals, and an account at a brokerage company. Today, we will learn what steps you should take to start trading forex.

Every beginning investor, having defined his investment objectives and risk profile, thinks about how to structure his portfolio so that it meets his needs. There are a large number of financial instruments on the market and the question of proper portfolio structuring is more relevant than ever.

Almost all beginners have heard of the Price Action method, but many people identify it with the usual candlestick analysis, which is not quite correct. The fact is that the Price Action really takes over many of the provisions of the candlestick analysis, but it is an optimized method for the current market conditions. We suggest taking a closer look at this type of technical analysis to understand what Price Action is and how it can be applied to enhance your trading results.

Any trading strategy will be absolutely meaningless if you cannot manage your emotions and have not developed a special, trading psychology. You must have three basic components: intelligence, finances, and method.

Many people associate blockchain with cryptocurrencies, thinking that these concepts are synonymous. But in fact, blockchain is more than just the technology behind bitcoin and other digital currencies. Among other things, it has much broader potential than many people are used to thinking.