Forex trading blog singapore girl
He is the most followed trader in Singapore with more than , traders reading his blog every month No more second guesses. No more ridiculous projections. No more illusions. Just statistics, numbers, and the cold hard truth. Then what is? Your win rate? Clearly, your risk to reward and win rate are meaningless on its own. Well, the secret is this… …you must combine both your win rate and risk to reward to determine your profitability in the long run. And this is known as your expectancy.
Your expectancy will give you an expected return on every dollar you risk. This means your trading strategy will return 35 cents for every dollar traded over the long term. And if you have a high-frequency trading strategy that makes an average of trades per day, then you could keep your expectancy in mind that when you place trades per day, you are making 70 cents of forex trading profit per day. The majority of casinos operate 24 hours a day, days a year. How much money can you make from this forex trading strategy?
Not a lot, right? Can you see how important this is? To grow wealth, one has to invest but before that, understanding your portfolio and managing the risk of investing according to your risk tolerance is extremely important. Apart from the traditional banking system, the forex market tends to be one of the largest and the most influential, having the most liquid assets worldwide.
And because of the internet, one can facilitate trades at any time of the day, anywhere in the world, right from your mobile device or computer. Well, that's the easy part. The not so easy part is figuring which forex trading platform to use because in order to trade forex, you need an account with a brokerage that offers forex trading access. Some of the best online brokers for forex offer more benefits and trading tools specifically tailored to understand volatile currencies, especially for newbies like me.
Yes, I am a noob when it comes to forex trading. In fact, I have to admit I know close to nothing when I first began researching for this blog post. So I was at a loss initially Yes, that last part was what attracted me to give their trading platform a go. So what makes OctaFX stands out from the rest of its competitors?
One of the lowest spreads in the industry The spread is the difference between the buy and sell price of an instrument. And like most brokers, OctaFX takes a fee from that spread. And OctaFX has one of the lowest spreads in the industry. No commissions on deposits and withdrawals Compared to some forex brokers, OctaFX does not charge a fee when you make a deposit or perform a withdrawal of your money from the account - something that is very important in my opinion because every little bit helps when it comes to building up my retirement nest egg!
Ease of use OctaFX offers forex trading via both via browser and mobile apps, making it easier to keep an eye on and execute my trades while I am on the move. The dashboard and platform is clean-cut and intuitive to use. Especially for a newbie like me, I like how the whole thing is set up to be as fuss-free and easy to view and use. Funds Security Of course, the top-most question on most traders' minds when it comes to online trading is, "Is my money safe?
This keeps your funds secure and untouched. SSL-protected personal area OctaFX uses highly secure technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with bit encryption, which makes your browsing safe and your data inaccessible to any third parties. Account verification OctaFX recommends you to verify your account by submitting your personal ID scan and an address proof.
This simple measure will make sure your transactions are authorized and secured. Secure withdrawal rules Since a withdrawal from a live account requires an email confirmation, no one can ever access your account but yourself. It is also required that you use the same payment details for deposits and withdrawals. Thus, under no circumstances can OctaFX transfer your withdrawal to an unauthorized third party.
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