Confirmation bias Confirmation bias is a psychological process that results in a person’s preference for the reality that fits their own preconceived ideas. It is especially strong in groups that share a common ideology. The belief system shapes social reality. The more people are convinced of the ideology, the stronger their confirmation bias will be….
Leverage in Forex
Leverage is a powerful tool when investing in the Forex market. It enables you to buy more than one currency at a time. Most forex brokers calculate the leverage based on the balance you have in your account. The most common leverage ratio is 100:1. This means that for every dollar in your account, you…
A Unique Approach to Forex Scalping
A unique approach to forex scalping involves trading based on a very short timeframe and using a specific mode of analysis. Traders use this mode to identify trends and then buy or sell on those trends to take advantage of the price action. This method of trading requires little time and effort and relies heavily…
Trading Volatile Currency Pairs
The more volatile currency pairs are those with aggressive price fluctuations and higher profit potential. However, the increased volatility also increases the trader’s risk. Traders should consider the risks of these types of assets carefully before deciding to invest. Although more volatile currency pairs offer higher profit potential, it is also important to note that…
Investing in Cryptocurrencies – How to Minimize the Risk
Investing in cryptocurrencies is a risky business, but there are ways to mitigate this risk. As a new investor, you should ask yourself a few basic questions before you invest. These questions will help you find out more about a project and how transparent its management is. You can also ask about its team members…
What to Consider Before Trading Forex?
Before you start trading, make sure that you have enough money to cover all of your trading needs. You should also have adequate risk capital. If you can’t afford to lose money, you should probably not trade. You should also know how much you can risk on each trade, and stick to leverage ratios within…