As stock market continues to rise, many investors and traders are desperate to buy at high prices. The same happens in cryptocurrency. Many people are desperate to buy Bitcoin, Ripple, or Ethereum at a very high price, even if they do not know what cryptocurrency is and only hope to get rich quick like everyone else has bought it before. Why is that? This happens because they are afraid to miss not get the profit. This is a phenomenon called FOMO (Fear Of Missing Out). Trading based on emotions like FOMO is very risky. What exactly is FOMO? How does it happen in terms of psychological aspects? What is the danger? And how to solve it? Read the next article to learn more about FOMO.
Many traders already know that trading success are determined by the 3M factor, as described by Dr. Alexander Elder, a professional psychologist and trader. He said that there are three pillars in trading, which is 3M (Method, Money, and Mind). A successful trader must have all three. But most traders have a misconception about these three pillars. Generally they consider these three elements has the same role in determining the success of trading. Yet the facts say otherwise. There are elements that play a bigger role in determining the success of trading. Read this article to find out more.
Here are motivational trading quotes from legendary trader Jesse Livermore that will help keep you focused and on the path to successful trading. Most of Jesse Livermore's trading quotes come from his book "How to Trade Stock" published in 1939. He is most famous today for being the object of the book “Reminiscences of a Stock Operator” by Edwin LeFevre.
Jesse Livermore is often regarded as a legendary trader of the world. Often called "The Greatest Trader who ever lived". The story of his life is filled with success and decline. In this article we will learn about trading from the legendary Jesse Livermore. He is most famous today for being the object of the book “Reminiscences of a Stock Operator” by Edwin LeFevre.
In 2010, MetaQuotes released the latest version a successor, MetaTrader 5 (MT5). However, uptake was slow and many forex traders still use MetaTrader 4 (MT4). Why? What is your choice? This article explains the differences between MetaTrader 4 and MetaTrader 5