How to Build a Winning Forex Trading Plan?

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Many traders start trading Forex in hopes of making quick and effortless profit. It’s true that the Forex market presents many opportunities for traders to earn money off of price movements. However, it’s hard to make consistent income without careful planning and a good strategy because impulsive decisions and lack of self-restraint can turn any trade into a losing one.

In this article you’ll find out what a trading plan is, why it is important to make one before you start trading, and how to build a winning trading plan that can help you largely increase your chances of success in Forex trading.

Keep yourself well informed with FBS

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Recently, we have been receiving many inquiry emails from our clients. The most frequent request is to resend the emails that contain essential information and the latest updates.

As you know, it’s quite common for marketing communications to end up in the spam folder. Today’s article aims to help you deal with this issue. After reading the information below, you will know how to stay up to date with the freshest trading news.

Investing vs. Trading: What’s the Difference?

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Over the past couple of decades, many people started showing interest in profiting from financial markets, whether through trading or investing. However, it has become evident that a lot of beginners have only a very basic understanding of what investing and trading truly entail, while some don’t even know the difference between these two strategies.

In this article we’re going to look into what trading and investing are exactly, what are the differences between them, and which strategy suits you the best.

How to Become a Professional Trader?

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What is a professional trader?

After learning more about the world of trading and getting real money from your trades, you might start thinking about becoming a professional trader. But what makes a professional trader?

Negative Balance Protection in Forex Trading

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Negative balance protection (NBP) is an island of refuge in the rough Forex market. In this article, we will explore the concept of NBP and its role in preventing traders from significant losses in Forex trading. We will shed light on NBP's ability to provide traders with a sense of protection, and we will delve into the drawbacks of this mechanism. After reading the article, you will know which countries have adopted regulations on NBP and which have not. We will also provide you with some insights on how to manage your risks besides NBP.

Stocks Worth Day Trading 2023

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Day trading involves buying and selling selected financial instruments at lightning speed within one trading day. This form of trading is very popular with traders. By practicing day trading, adherents benefit from short-term price fluctuations focusing on a series of small gains that can add up over time. This trading approach offers the potential for significant profits, attracting many traders despite the risks it entails.

Riding the waves of the turbulent stock market, day traders hope that Lady Luck will smile on them and turn pennies into large profits. However, we all know that luck smiles on the strongest. Every professional day trader knows that the secret to success is choosing the right stocks, which necessitates  comprehensive stock market analysis. Identifying volatile and liquid stocks can contribute to the profitability of day trading strategies.

In this article, we share with you the criteria it’s best to consider when selecting the right stocks to day trade for you. Our team will also present you with a list of recommended stocks to operate in 2023.

Decreasing the Exchange Spread: What Does it Mean for Traders?

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When you first start looking for potential Forex brokers, you might notice that some of them take commissions for executing every trade while others claim to offer zero-commission services. In most cases this means that, instead of charging commissions, brokers implement so-called exchange spreads, which can help to keep transactional costs to a minimum.

In this article you will learn more about what exchange spreads are, how they are calculated, and whether exchange spreads can be decreased.

Halo Effect in Trading

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Maybe once you found yourself thinking that investing in some company is a good decision because of its formidable reputation instead of learning about the company’s products and the whole market from its perspective. If so, congrats, the halo effect happened to you.

The halo effect is a cognitive bias that causes favoritism towards a person, thing, or process based on a specific characteristic distinguished by us. The halo effect is a stereotypical mindset when we consider one aspect as fundamental, which becomes a determining factor creating the whole perception.

This article maps out the core of the halo effect and how it affects business and trading. Especially for our readers, we’ve prepared informative examples of the halo effect, why it could be dangerous and how to overcome it.

The Single Most Overlooked Component of Trading

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Trading in the financial markets is a complex and challenging process that requires a deep understanding of various components. While traders often focus on indicators, technical analysis, market trends, portfolio management, etc., to make profitable trades, one essential trading component often gets ignored – time.

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