Why trading against the trend is equivalent to suicide mission

Why trading against the trend is equivalent to suicide mission

There is an old saying in the Forex market that trend is your friend. Though it is the most common dialogue for all the retail traders in the online trading community very few of them actually follows it. Most of the novice traders start their trading career without having any prior knowledge of this industry thus they trade the market with emotion. In order to become a profitable trader, you must learn the perfect way to trade the market without any emotion. In the United Kingdom, the novice traders are often told to demo trade the market for the first three to six months so that understand the nature of this market. But most of them don’t trade the market using the demo account and ultimately they end up by losing a huge amount of money. If you do some extensive research then you will see that only the professional traders are trading in favor of the trend. They know very well that trading against the trend will cost them a huge amount of money.


What Do the Terms ‘Bull’ And ‘Bear’ Actually Mean in Forex Market Analysis?

What Do the Terms ‘Bull’ And ‘Bear’ Actually Mean in Forex Market Analysis?

A lot of people are seeing the current, news-filled times as a good time to start using foreign exchange trading (or forex as it is usually known) as a way to try and gain a profit out of the heavily fluctuating currency prices. Brexit, the upcoming general election, the possibility of another Scottish independence vote, and events related to Trump in the US are all things that have a massive impact on the relationships between currencies, and when you can predict movements well and analyse what is happening in the forex market, there is a very real opportunity to make money by trading currencies online on platforms like Oanda.


What Brexit Means for the UK’s Construction Industry

What Brexit Means for the UK’s Construction Industry

When the United Kingdom resolved to join the European Union in 1973, the drivers of this resolution perhaps could have never imagined that a mere four odd decades later there’d come a time when Britain resolved to go the other way and withdraw from the Union. Many industries both in what will be the remaining countries making up the EU and those which now effectively have to stand on their own two feet within the United Kingdom will definitely have to go through a period of some serious restructuring and there are opportunities abound on either side.