Chad And Sterling Smart Money Day Trading Forex Live. It is imperative to begin each day with a dominant bias based on assessing market sentiment. At this point it gave a nice opportunity to go long that we.
Every forex trader needs to have a trading edge - defined as having a statistical advantage over other traders or market participants. One way to dissect sentiment is to separate the decisions of institutional investors (presumably smarter and/or more logic based decisions) versus retail investors (presumably not as. I always emphasize on this fact that making money through Forex trading is not as hard and complicated as what novice traders think.
Risk capital is money that can be lost without jeopardizing ones financial security or life style.
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If there are two things a Forex trader knows, it's that there's always risk and you will lose money at some point. It is imperative to begin each day with a dominant bias based on assessing market sentiment. However in certain countries forex trading is not allowed.