XTB is an online broker that has been operating for a long time. This operator has been in existence since 2002. It was founded in Warsaw (Poland) on the initiative of Jakub Zablocki under the name of X-Trade
In addition to basic training and current monitoring, success in trading requires consulting reviews. Forums thus play an essential role in this field, allowing traders to exchange ideas. One of the most popular forums on the web is TribuForex, which is proving to be one of the most active
Since the popularization of online trading, more and more beginners are embarking on this practice, which would make a lot of money in no time. But, of course, to put the odds on their side, traders must have some background.
The Forex market is the largest and most liquid in the world. A market that, however, can be subject to major changes in just a few seconds and whose fluctuation depends directly on economic movements. In order to be able to trade currencies and win, it is essential to follow the news in real time. To do this, here are the addresses to remember
Scalping is an investment strategy that involves speed. It is about going back and forth on the stock markets to make purchases and sales, thus taking advantage of price fluctuations. Each action is only a few seconds apart
Forex trading is a profession that attracts a growing number of people, seduced by the many advantages of this activity. But before launching out and fully appreciating the advantages of this practice, you must be well prepared
Online trading is an activity where chance has no place. It is important to put in place a well thought-out strategy to increase the chances of winning. In particular, it is essential to adopt a money management technique. The pyramid method is one of them.
To make the best forecasts when trading, it is essential to carry out various analyses. Several tools can be used in this context. The RSI or Relative Strength Index is particularly interesting. How can this technical indicator be used for successful trading?
More and more brokers nowadays offer Islamic accounts that meet the specific constraints of this religion. In this way, they broaden the target clientele by ensuring that the beliefs and rules of certain categories of investors are respected. But what distinguishes Islamic accounts in trading?
Forex trading is an activity that involves an iron discipline on the part of its practitioners. Sometimes they make mistakes, such as overtrading, which consists in placing excessive orders. This is something that must be avoided in order to avoid bankruptcy. How can we avoid falling into this trap?
Overtrading: too many trades kills trade
Overtrading simply involves excessive trading, placing too many orders. This situation occurs most often when the trader shows presumption. When he thinks he’s in control. He is so confident that he is too playful in a series of trades, practically ignoring the risks involved in his behaviour. His only motivation is to earn the most money in the shortest possible time. He then ignores that this is the best way to lose as much as possible… How can we avoid this end?
Tips for not falling into overtrading
To avoid overtrading, it is essential to set up a trading strategy and stick to it, no matter what happens. Impulse has no place in decision-making. First, a comprehensive plan must be put in place that includes a trading technique and a money management method (capital management). The trader thus creates a trading system that is similar to him and that corresponds to his objectives and the risks he is willing to take. It thus defines the conditions under which it will place an order, exit the market or take a position. Nothing is done randomly.
Precisely, it is essential to monitor and analyse market developments assiduously. In particular, it is better to rely on currency pairs with clear trends. Then, it is necessary to set rules in relation to market fluctuations: under what conditions will a position be taken? What are the incident criteria to enter the market?
Finally, it is strongly recommended to have a trading logbook in which all trading activities are recorded. Thanks to this monitoring, it is possible to analyse the various decisions taken and improve trading behaviour. We can identify the conditions under which trades are often successful, thus having the opportunity to optimize trading.
In any case, it is important to keep in mind that it is not just a question of earning as much money as possible. It is better to focus first on preserving the capital invested. And even if the conditions seem favourable, but they do not correspond to the trading rules we have set for ourselves, it is better to stay back and avoid overtrading. If you are a beginner in Forex we offer you a special folder to teach you how to trade in the foreign exchange market. Feel free to consult it regularly to discover new tips.