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Random article: Balance of Trade (BOT)

Balance of Trade (BOT) - is a fundamental indicator expressed as the difference between prices for exported and imported goods. Trade balance is the quantity index shown for a certain period of time (year, quarter, month), during which settlement for all foreign trade operations is conducted. Trading balance can be positive (active) and negative (passive). If the sum amount of prices of all exported goods exceeds the sum amount of prices of all imported goods, the balance is considered positive. If, on the contrary, sum amount of imported goods exceeds sum amount of exported, the balance is considered negative.

Popular article: How to trade the Forex market with best profit and often risk free

I have traded for five years. And have almost always lost. To say I have had no Luck is no lie. But that’s what makes me special. I never gave up. And through all the losses and pain I have become a better person and trader through the difficulty and by perseverance. I studied brilliant money management and Strategies which all work very well. I went on the worlds best courses and paid big money. There is a proverb: It says: “ why is there in the hand of a fool the purchase price of Wisdom when he has no heart for it.” I was the problem. Not the market. I was un-disciplined. I over leveraged. I got lazy and did not analyze sufficiently. And the main reason for that was that I got caught up inside the Old day trading scalping trap of trying to get involved in market movements that were not mature, ripe and well they just weren’t ready. I have learnt that to be successful in trading this market you need be patient. Waiting for a setup means the market will come to your entry and then you take the risk.

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19.07.2019 New article added «Trade»

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