How Much Money Do I Need to Start Trading Forex V2?

The quickest and the probably least helpful answer to this question is a fixed amount; say $500 for example.

Many brokers do set a minimum amount required to open a Forex trading account. But if you want a more practical answer, then it gets a bit more complicated!

This is because part of how much money you need to start trading Forex depends on what you are trying to achieve with Forex trading. It all also depends on a number of other factors, including your personal circumstances, trading style, and strategy among others.

First, let’s address an issue that most tend to gloss over: risk management. This is generally the factor that separates successful FX traders from the rest. And how much money you have in your account plays an active role both in mitigating risk as well as shaping your risk management strategy!

It Depends On Risk Management!

There are other articles that get into detail about how to optimize your risk management. But, as a general rule, you don’t want to be risking more than 3{960f37eeb8494ff9aa47f314ff33ce6cc65b9fdac8281e29a06fa8cb6559378e} of your account on each trade you take.

This puts a risk-based theoretical limit on your trade size, depending on how much …

Continue Reading →

Not All Headaches Have the Same Drug. Get to know the type here first

Headaches are not good, especially when you start with a piercing pain and accompanied by hot eyes to balance disorders. You definitely can’t focus on doing activities. Many people who have taken the medicine turned out to be headaches still not subsiding, why huh? Medically, it turns out that headaches can come from sources and with different intensities, therefore there is no medicine that can get rid of all the headaches at once. To be cured effectively, you must first know the type of a headache that is felt. To find the right medicine you can visit the Online Pharmacy to find the right medicine for you.

  1. Headaches Due to Pressure / Stress

Symptoms can be recognized by the pain that presses on the top and sides of the head. This is usually caused by stress, too long sitting staring at the computer or driving, poor posture, or wrong sleeping position. According to neurologists, this pain can be overcome with many free drugs available on the market, with drugs containing mefenamic acid. However, this drug should not be taken every day so as not to cause stomach irritation and aftershocks. If you have more than two headaches a week for …

Continue Reading →

Everything Merchants Need to Know about False Declines

For more than a decade, chargebacks were simply part of the cost of doing business. Merchants understood that where there were sales, there would also be chargebacks. This is no longer the case, especially for merchants that hover around the 1{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of sales/100 chargebacks-per-month threshold. Merchants cannot afford to brush chargebacks under the rug.

Why? These merchants risk losing their merchant account services. Without a merchant account, they will be unable to accept their customers debit and credit card transactions.

Another issue are false declines. Many merchants say that false declines are a bigger problem for their business than chargebacks. Either way, both are a serious problem for any merchant. In fact, if left unattended, they can quickly lead to a business having to close their doors.

Consider the following alarming figures on false declines:

  • It is forecasted that there will be $2.8 trillion in online shopping transactions in 2019.
  • 6 percent of online orders will be declined.
  • 30-70 percent of those declines will actually be legitimate, resulting in $48.5 billion in lost sales. (A loss for not only merchants, but payment processors and acquiring banks).

The Truth about Damaging False Declines

When it comes to merchant account services, you …

Continue Reading →

Summer Trading – What & How You Should Trade When The Markets Slow Down

During the summer, the forex market will usually slow down. Usually in the middle of the year. The delays that have occurred during this year can be caused by conditions of moderate liquidity, lack of economic release is one of the causes, also some traders who are usually on vacation in the summer like this. In fact, some institutions are known for their massive volumes, they have a large number of employees on vacation. in the end, things like this are the cause of the decline in trading activities.

Impact of a slow or Summer Doldrums

slow markets tend to have some negative impact or effect on the trader’s psychology. To overcome the lack of the market movements, traders may be tempted to make trade more aggressively, only to “speed up” even if only a little. Unfortunately, the effect of this matter regardless of 1.How well your plans and strategies are in your trade, or 2.How experienced you are (as a trader). Low volatility can cause price movements that may be bad enough for you. Which in time will lead to minimal or fewer opportunities  for forex trading itself.

For most traders, this summertime might be the time to …

Continue Reading →