What money management rules should you set
In this article, we will discuss what money management rules everyone should set and follow. Money management rules are of course an essential part of trading and everyone should use them, otherwise you go to the financial markets to gamble not to trade. Each financial market behaves differently and needs to be approached differently, so […]
What is a Pending Buy Limit Order
In this article, we will explain what the Buy Limit order is. When trading in the financial markets, there are basically two ways to open a trade – immediate execution and pending order. With a pending order, your trade is opened as soon as the market reaches the level you have selected. The […]
What is a Pending Sell Limit Order
In this article we will explain what a pending Sell Limit order is and where to use it. When trading in the financial markets, there are basically two ways to open a trade – immediate execution and pending order. With a pending order, your trade is opened as soon as the market reaches the level […]
How to insert a custom indicator into MetaTrader 4
In this article, we will go step by step through how to insert a custom indicator into the MetaTrader 4 platform. If you have your indicator, go to the platform and click on File on the top left and select Open Data Folder, see image below. Then click the MQL4 folder. Next, click the Indicators […]
What do you need to make a living trading?
There is no need to have a computer with multiple monitors to start with, you need to focus on one thing at a time, so multiple monitors would be more of a detriment than a benefit. At the moment, a laptop or a classic computer is sufficient. You need to have enough capital to avoid […]
Account size and the main problem of trader under-capitalization
The combination of zero or very little experience, little capital and risk that you don’t yet control puts the novice trader in a position with the worst conditions. They are trying to make a quick buck and multiply their account, and this is what often causes them to lose their account very quickly. Even if […]
How to manage risk? Basics of Money Management
A trader’s goal is first and foremost to protect his capital and profits, not to make money. Making a profit in your next trade is not hard, but the only thing that will make you a successful trader in the long run is the ability to keep the profits. All we have with trading is […]
The psychology of the trader. How to keep emotions under control?
When trading, it is of course important to follow charts, strategies, etc. but the human psyche should not be forgotten. It is this that can contribute significantly to the failure of a deal. Mental resilience is one of the key things on your path to successful trading. There are plenty of traders who can predict […]
Before you start trading, it’s important to make the right choice about which style suits you best. In this article you will find a summary of the trading styles you can practice. Generally the most profitable business style is swing trading. It is most profitable because the trade usually sticks for several days or […]
What can we trade on the stock exchange?
There are many instruments that can be traded on the stock exchange, so we will summarize them at the beginning and then discuss them in more detail. So you can trade on the stock exchange, for example: Stocks – securities of companies forex – Foreign Exchange (currencies) commodities (futures) – gold, silver, platinum, oil or […]