A stop loss is a great way of knowing when it’s time to admit you’re wrong about a trade. But how do you know where to set these stop levels? And can you use stop losses to protect your gains too?
The next important thing you must do is increase what you own. By that, I don’t mean buying more cars or boats or furniture. I mean buying assets that are likely to appreciate.
Back to the topic on financial freedom. Apart from spending less, the second big thing you must do is to earn more money than you are earning now. I’m sure you are thinking, “Easy for you to say.”
Today I’ll talk about spending Less. A Lot Less. You can’t break the chains of slavery with a nail file. You must smash them to smithereens with a big steel mallet. What do I mean by that?
One problem traders experience when entering the Forex market is simply understanding it, because it has a language all of its own: Pips, pairs, bear, futures… it’s gibberish to the average investor. But you don’t have to worry about any of that kind of specialised “lingo”, I’ll tell you what to do in simple, easy […]