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Useful Forex Articles By HiWayFX (Daily Update)


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 6-reasons-why-forex-trading-might-not-be

 

If you are in the illusion of getting instantly wealthy once you start trading then you are in for a shock. Forex trading is not a magic wand. It can never make you wealthy overnight and you have to build a position before the money actually starts flowing in. Reasons why forex trading cannot be your ticket out of the financial troubles are explained here

 

- Too much technology can be harmful. What if the system breaks down just when you are about to make your investment? Hard core technology can be difficult to understand by everyone and not all of the people know how to operate computers

 

- So if you are unemployed or are drowning in debt, do not think that forex trading can get you out of it so easily and quickly.

 

Read more here - https://goo.gl/aETVMm

 

‪#‎HiWayFX‬ ‪#‎forex‬ ‪#‎trading‬ #‎economy‬ ‪#‎investment‬

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Importance of stop loss order:

 

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Sometimes you forget to consider the smaller things and focus only on the obvious trends in forex trading. Small things such as stop-loss order come in handy when you are in a difficult position and have a lot of advantages like:

 

- There are no hard and fast rules for the level at which stops should be placed. 

 

- This totally depends on your individual investing style: an active trader might use 5% while a long-term investor might choose 15% or more. 

 

- Stop-loss orders are traditionally thought of as a way to avoid losses by preventing small losses become large one. 

 

Read more in this article - https://goo.gl/TtSq56

 

#HiWayFX #Forex #Trading

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Mental forex accounting:

 

mental-forex-accounting-large.png

 

Mental accounting refers to the tendency for people to separate their money into separate accounts based on a variety of subjective criteria, like the source of the money and intent for each account. These classifications help to decide the best way to use the money:

 

- Mental accounting helps the traders from risking their money on a large scale and lose it all in an attempt to be adventurous.

 

- This is more like an insurance policy as it makes you save up money for the hard times. 

 

- It is the smartest way to manage your bank balance and not waste money on fruitless projects. 

 

Read more here - https://goo.gl/dEg6XB

 

#HiWayFX #Forex #Investment 

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Is it possible to be successful as a part time trader?

 

 can-you-be-part-time-and-successful-in-f

 

Not everyone chooses to be a full time trader as many people prefer to keep their family lives and other business and jobs as active parts of their life too. Not everyone has the mental capacity to keep looking at charts and stay updated to the stock market 24/7. So many traders opt to become part time traders for some extra cash and thrill.

 

- Being a part time trader enables you to take out time for other activities too.

- Full time traders admit that being in the market 24/7 is not required but as it is their only job they have to be. 

- Part time traders have the advantage of doing other stuff too and not become boring stock holders. 

 

Read more through this link - https://goo.gl/CF62fi

 

#HiWayFX #Forex #Trading

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