Letting the Machines Help: Understanding Forex Automation Today Ever wish you could monitor the forex markets 24/7, spotting every opportunity? That’s the promise of forex automation, where computer programs, known as Expert Advisors (EAs), execute trades based on your pre-set rules. What Are Expert Advisors?Think of an EA as your tireless assistant. You set the conditions—like specific indicators hitting certain levels—and the EA automatically places trades when those conditions are met. This can remove emotional...
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Forex Risk Management: Tips to Protect Your Trading Capital
Riding the Waves Without Wiping Out: Your Guide to Forex Risk Management Hey trader, struggling with unpredictable forex markets? You’re not alone. Global events, political shifts, and economic surprises have turned price charts into a rollercoaster ride. That’s why mastering forex risk management is crucial—not just for success but for survival in trading. Think of risk management as the brakes on your trading vehicle. You wouldn’t drive without brakes, right? It’s all about minimizing potential...
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Hedging and Stop Loss: 4 Stop Loss Techniques Traders Should Know
In forex trading, you don’t control the market, but you do control your risk. That’s why professional traders rely on tools like hedging and stop loss to manage potential losses. While both serve the same purpose, protecting your account from big drawdowns, they work very differently. In this article, we’ll break down the difference between hedging and stop loss, and dive into four stop loss techniques that can help you trade with confidence. Hedging and...
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Why Taking a Loss Is the Most Difficult Thing to Do in Trading
Losses Hurt – But They’re Part of the Game No one likes to lose, especially not with real money on the line. But if you're serious about becoming a successful forex trader, here's a hard truth you must accept: taking a loss is not only inevitable, it’s necessary. For many traders, especially beginners, accepting a losing trade feels like failure. But that mindset can be dangerous. It leads to holding onto bad trades, doubling down,...
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Futures Contract Offline Notice
Starting from July, FXCG has decided to delist all futures products. Spot products will be traded normally. The last trading time of the contracts is shown in the table below: [table id=/317] 1.All products may be subjected to change due to holiday. 2.Any positions that must been closed on the expiry date,Or FXCG will close them all at the closing prices meanwhile cancel all the pending orders.
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