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According to the statistics, not more than 10% of traders manage to become profitable on the long-term horizon and practically 90% of traders do not use any definite strategy in managing their funds. These figures mean that modern traders lack experience and few of the majority think about what money management is, which eventually leads to the loss of the invested funds in the long term. The economists along with other traders, scientists, and financiers urge all investors not to forget how important money management is in trading.

All traders are different, but mistakes of psychological nature do not depend on gender or geographical factor. This allows us to highlight several of the most common problems and describe them in detail. Non-Systematic Trading The trading strategy assumes work exclusively by the rules. There is a checklist with a set of filters, and any market situation the trader evaluates according to this checklist. Only systematic trading gives a result on a long distance.

Financial markets as well as the economy of any country in general are not static. It experiences periods of growth and decline, which together make up economic cycles. Such fluctuations influence the global trends of various financial instruments. However, periods of growth and decline do not last the same length, so to determine the current stage of the cycle or the forthcoming trend of its change, it is necessary to be able to use various economic indicators.

The economy is one of the most popular topics in the media these days. No wonder: our income, the interest we pay on loans, and the overall financial well-being of the country depend on whether the economy is growing and inflation is falling. But this connection is not always obvious, nor is the usefulness of all the financial information out there. Let's try to sort it out and learn more about inflation, its causes, and its consequences.

Margin trading allows a trader to participate in trades that require more funds than they have on deposit. Accordingly, the trader's gain from such transactions increases. But margin trading has a downside – increased risk. It can be minimized by following the rules and taking into account a broker's trading conditions on margin so as not to get a margin call.

The Envelopes technical indicator is one of the simplest indicators when in forex trading and is included in the list of tools on classic platforms. This indicator is based on the observation that after the price rises or falls, it returns to the main trend in any case.  

As a rule, the majority of newby traders start their first acquaintance with the forex market by trading in short-term time frames. But after a while, they come to the idea that to save their time and nerves they need to work in higher time frames.

Technical analysis of the market gives a variety of options for predicting the price movement based on the known indicators and their derivatives, resistance and support levels, Fibonacci Retracement, trend lines, etc. But there is one more tool, specific enough, which is seldom mentioned in classical analysis literature, and that is why it arouses great interest among traders. We are talking about the so-called "round levels".