In order to explain the role of a trader, broker and a liquidity provider and the relationships between them, we have to start with the definition of these terms. A forex broker is an individual who acts as an intermediary between a purchaser and a seller of an instrument and charges...
Cognitive biases and how to prevent them Anyone who actively speculates on the market once encountered cognitive biases. They are quite common and affect especially novice traders, who don’t know about their existence when making transactional decisions. Cognitive biases are a distortion in the perception of reality. It affects several important...