Bartholomew Anaeme

Before we kick off with the terminologies associated with Forex trading, what is Forex trading in a nutshell? Forex trading is the exchange(buying/selling) of virtual currencies and commodities over a decentralized online marketplace. The Forex market (foreign exchange market ) is the most traded marketplace that churns out over $6 trillion on a daily basis. Now to the terms;

1. Long: To go long in the Forex market means to buy a base currency while selling a quote currency simultaneously

2. S

Prepaid cards also known as Prepaid debit cards are debit cards preloaded with cash through direct bank deposit or via transfer money from a checking account into the prepaid card before they can be used for the payments of goods and services online and instore.

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How much money do you need to start trading the financial markets?

I get this kind of question popping out from every corner, especially from Amateur traders and even some mid-level traders. The truth is that you can trade the financial markets with as little as you can afford because the minimum amount doesn’t guarantee that you will make money in the Financial markets.

The minimum amount to start forex trading depends on the Broker and most Brokers offer traders the opportunity to open a tra

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Over 95% of Financial traders lose money when trading the markets (stock markets, Forex markets, or the Commodities markets), and the reasons behind this trend can be categorized into five (5) distinct groups. Even though Every trader at some point in his/her trading journey will lose some reasonable part of his capital or all of his capital (Blow his account) on his journey towards trading the market successfully, it can be said that some tra

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Becoming a professional trader should not be a myth but a fact that can be achieved, yet many traders never achieve this feat because they do not take into consideration the 8 characteristics every professional trader should possess, they focus more on making as much money as possible from the Financial markets thereby neglecting many very important factors guiding the Skillset.

Trading in the Financial markets can be very daunting and risky

Traders lose money in every kind of business not because they are bad at what they do, but because every business has rules that govern it, and if those rules are flouted, the consequences usually lead to failure on the part of the trader. Forex trading is just like every other kind of business where traders buy and sell commodities, and in the world of trading, whether digital or physical trading, you must adhere to certain rules if you intend to stay in the business long term. In this article,