Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.
When you enter the business of forex trading, you should identify the aspects that characterize you as a trader. Many new traders try to mimic the Wall Street stereotypes they have seen in the movies, but that´s the biggest mistake that can be made. New forex traders overtrade and are overleveraged because they want to […]
Previously, we published the first part of the risk management series. There we explained some of the common sense risk management techniques, such as trade exposure, risk/reward ratio, keeping up-to-date with the market news, managing leverage and the trading journal. In this part, we will explain the techniques that have been developed by traders, economists […]
When you decide to trade in the financial markets, the one thing you should never forget is that there is always the risk of losing some or all of your funds. But fortunately for traders, one of the few aspects of trading which we can control is the risks. We can´t move the market, we […]
Last month, we published an article where we looked at the seasonal factors and patterns that impacted several currencies in March. We reviewed all previous petrol prices from March months in previous years, and the comparison to March 2016 was similar. We also took a look at USD/JPY and discussed the decline of the Japanese […]
FX Leaders provides excellent trading signals on WTI crude oil (USOIL). WTI is the abbreviation for West Texas Intermediate. This is really exciting because crude oil is a really volatile instrument which can make impressive movements in short periods of time. Of course, volatile instruments can be dangerous but if you know what you’re doing […]
Why do you need a trading journal? A trading journal enables you to look back at your trading history and see what you did wrong and what you did right, highlighting the trading mistakes. By keeping a journal, you can see if you have a tendency to enter or exit trades too early or too […]
Alpari UK shut down following the SNB actions on January 15 The Birth… Alpari was founded in the city of Kazan, Russia in 1998 by several Russian investors. It offered online trading of forex, CFDs, and precious metals to the general public. The name ‘Alpari’ was chosen to give the company a friendly and […]
One of the first rules you learn when you start trading forex is that you should minimize your losses as much as possible to protect your capital. According to many forex textbooks, in order to do this, you must set tighter stop losses so when a trade goes bad your loss is minimal. This is […]
We all know that the first and most basic rule to make it in the long run in the forex world is to protect your account. Most forex traders have lost one or more accounts after first starting the job. Rendering your account inoperable with low funds is a big scare, particularly for fresh traders. […]
