When you trade on margin, you're trading borrowed money, which can amplify your losses. Given the volatility of commodity prices, it's essential to have enough resources on hand to cover any margin call, which is when your broker requires you to deposit more money. 3. Invest in commodity ...
With the explosive popularity of forex trading, thousands of forex brokers have emerged to serve the needs of everyday forex traders. There are some excellent, award-winning forex brokersto choose from, but there's also a huge number of brokers that are unregulated, registered in offshore ...
Before executing a trade make sure to mark the chart with your entry and exit points. It’s important to note down your desired profit taking point before the trade is executed so your emotions don’t interfere with your trading once it starts. Never FOMO a trade and stick to the plan!
Trading the market more actively also means knowing when you want to enter and exit trades and stick to a strategy outlined in your investing plan. Don't let the FOMO—fear of missing out—become a factor. "If it's my money being put into the stock market, I want to do a high-conv...
To further temper risk, it's important to manage your position sizes. Intraday trading can afford more position sizing than swing trades, which deal with wider time frames. The position size should be proportionate to the time frame. The support and resistance levels enable you to place entry ...
By 2016, when Bitcoin and Ethereum were back in the spotlight, I had already started paying close attention and realized I needed to take cryptocurrency more seriously. Before that, I worked in commodities trading and logistics. Since 2017, I have done a lot in the crypto space, writing on...
In the travel industry, AI has the potential to predict everything from customer demand to adverse weather. How to Make Money With AI While many are worried that AI might eventually take their jobs, others are looking to harness its power to make money. What's an example of computer visi...
One of the main questions people ask me is, “Is this the right time to buy Bitcoin?”The problem is that there’s no good answer to this question, and it really depends on the reason that you’re buying Bitcoin.If you’re interested in trading Bitcoin (which means buying low and ...
Crypto FOMO is often seen as being one-way: only profit-oriented, with individuals searching for a big move to gain from. But the reverse is also true: People experience FOMO when trying to avoid significant losses. One prominent example is the crash of TerraUSD (UST) and Luna, a stablec...
How much capital you have: If you start with $3,000, your earnings potential is far less than someone who starts with $30,000. Time: Few day traders achieve success in just a few days or weeks. Profitabletrading strategies, systems, and approaches can take years to develop. ...