To choose the best trader to copy, consider the following key factors:
Performance Metrics:
Look for consistent performance over time.
Check annualized returns and maximum drawdown.
Risk Management:
Assess the risk score and leverage used.
Ensure they use stop losses.
Trading Strategy...
Leverage in forex trading allows traders to control a larger position with a smaller amount of capital. Essentially, it involves borrowing funds to increase the potential return on an investment. Here's a simple breakdown of how leverage works:
Leverage Ratio: The leverage ratio indicates the...
"Over the counter" (OTC) refers to the trading of financial instruments directly between two parties, without a centralized exchange or intermediary. In OTC markets, buyers and sellers engage in transactions directly with each other rather than through a public exchange. This contrasts with...
The "Three Black Crows" is a bearish candlestick pattern in technical analysis that is used to identify potential reversals in a financial market. This pattern is typically observed in stock, forex, or commodity charts and is characterized by a series of three long and bearish (downward)...