Objective broker ratings for successful trading
General Impression
I spent a long time looking for information about the broker Strifor before making any decision. There is a lot of contradictory data online. On one hand, the Strifor broker positions itself as an innovative and reliable platform. On the other hand, a huge number of negative Strifor reviews scream about fraud. Let's break it down.
Who is Strifor? Official Data
- Name and Websites: The broker Strifor. It operates through several websites: strifor.org. This is already alarming — reputable companies usually use one main domain.
- Registration: According to their data, the company Strifor LLC is registered in an offshore zone — St....
Greed in Trading
The Destructive Power of Greed in Trading
Greed in our favorite business is one of the most destructive emotions faced by traders. Despite the fact that trading is a process based on analysis, strategy, and mathematics, greed can undermine all these aspects and lead to large losses. That’s why I want to talk about why greed is a problem and how it affects trading.
Why Greed in Trading is a Bad Thing
Ignoring Risks
Greed forces you to focus solely on potential profits, ignoring possible risks. When you see a “sure thing” in the form of a promising quick and big profit, you may start taking more risks than your strategy allows. This is especially dangerous in the crypto market, where price volatility can be significant.
Example: You open a deal to buy BTCUSDT, hoping that the exchange rate will rise. You see that the price has rolled back down a bit, but you decide that “now is the time to buy, because the price will go up again soon.” However, you forget to set a stop loss, relying on intuition. The market keeps falling, and you end up losing more than you...
“The Long Walk”: How We Live in Reality by Stephen King
The Dark Parable: "The Long Walk"
Imagine a competition where the participants have to go forward without stopping. If I stopped, I got a warning. Slowed down beyond measure — the following. Three warnings and you're out. Forever. There is only one winner, and his prize is the fulfillment of any wish. For the rest, only exhaustion and death await. This is the...
5 Reasons to Buy Gold (XAU/USD)
Dollar gold prices have increased by 40% since the beginning of the year, and they have been regularly updating historical highs over the past month. This rise is partly due to the 11% decline in the dollar against world currencies, partly due to speculative activity, which is often caused by growing assets. But gold's growth also has solid fundamentals — let's look at them in more...