TheForexLounge

Author name: gregdlugi@theforexlounge.com

Why Most Retail Forex Traders Fail: Insights from Greg Dlugi

In the world of Forex trading, the statistics can be daunting. It’s estimated that over 70% of retail traders lose money, with many accounts wiped out within the first few months of trading. This raises an important question: Why do so many retail Forex traders fail? To explore this critical issue, we sat down with

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Discover the Unique Edge of The Forex Lounge: Elevating Trading Success Beyond the Competition

In the aftermath of the COVID-19 pandemic, the world witnessed an unprecedented shift towards digital entrepreneurship and trading. With traditional income avenues constrained, individuals globally turned to alternative sources like trading and e-commerce. Among these, trading, particularly in FOREX and cryptocurrencies, emerged as a beacon of opportunity, offering the promise of substantial financial gains. However,

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Why trading can be a profitable business

In recent years, the trading sector, particularly in Forex and Cryptocurrencies, has undergone a transformative evolution, transitioning from a highly exclusive domain to a widely accessible market. This democratisation has been primarily facilitated by the advent of trading apps and a variety of brokers and investment platforms, making it straightforward for anyone to start trading.

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From Telegraphs to Online Platforms: The Evolution of Forex Trading

The evolution of Forex (foreign exchange) trading is a fascinating journey, marked by significant technological advancements and changes in global finance. This journey, beginning with the invention of the telegraph and culminating in the digital age, has transformed Forex trading from an exclusive enterprise to a globally accessible phenomenon. The Early Days: Telegraphs and Exclusive

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Understanding Leverage in Finance: Amplifying Gains and Losses

When it comes to the world of finance, understanding the concept of leverage is absolutely crucial. It’s a powerful tool that can magnify both gains and losses, but if used wisely, it can be a valuable asset in your investment portfolio. In this article, we’ll break down the concept of leverage in simple terms, explain

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What is the US Non-Farm Payroll (NFP) and Why Does it Matter?

What is the US Non-Farm Payroll (NFP) and Why Does it Matter?

Imagine the Non-Farm Payroll (NFP) as a monthly health check for the US job market, but instead of blood pressure and heart rate, economists measure how many jobs are created – excluding farms, the government, private households, and non-profits. It’s like a snapshot of how many people have started new jobs, which tells us a

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