What Must You Consider Before Adopting the Perfect Trading Strategy + MORE Jan 27th

All about Canadian investments. Learn the ins and outs and get the latest news.
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The best 5-year fixed mortgage rates in Canada + MORE Jul 12th

Mortgages The best 5-year fixed mortgage rates in Canada You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote. I’m buying a home* .... More »
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This Investment Specialist Made the Leap From Finance to Farming Jul 28th

Many entrepreneurs will tell you that what they’re doing now is not what they initially set out to do. Making major professional changes—even mid- to late-career—can often lead to more fulfilling and successful outcomes. That’s what our series The Pivot is all about. Each month, we speak to .... More »
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Compare high-risk auto insurance quotes for Ontario + MORE Feb 5th

The cost of auto insurance—which is required for drivers in Canada—can vary widely. Why? Because it’s all about risk. How risky your car is—is it prone to safety issues that could cause an accident? Is it a car-thief magnet? How risky your neighbourhood is—whether you live in an urban or r.... More »

Watch: The differences between a TFSA and RRSP + MORE Sep 22nd

A tax-free savings account (TFSA) is a registered account that holds investments and allows you to grow your money tax-free and withdraw it tax-free. That means you don’t have to report any income earned in the account on your personal tax returns. A registered retirement savings plan (RRSP) is al.... More »

Making sense of the markets this week: November 13, 2022 Nov 11th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Cooling inflation leads to red-hot day for the markets Part of being neighbours with the most powerful country in the world is that.... More »
Growing wealth, record tourism, and cheaper rent for prime retail property are some of the driving forces behind why Canada is becoming a major hub for global luxury brands.

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CBC.caBarry Sherman allegedly duped by convicted fraudsterCBC.caOn the day he was last seen alive, Barry Sherman's lawyers filed documents in court supporting a lawsuit against a convicted fraudster who had allegedly duped the billionaire philanthropist out of a $150,000 investment, CBC News: The Fifth Estate has …Deaths of Barry and Honey Sherman ruled a 'targeted' double homicideThe Globe and MailBarry and Honey Sherman were murdered, police sayToronto StarBarry and Honey Sherman were victims of double homicide: policeGlobalnews.caNational Post -Toronto Sun -durhamregion.com -The Guardianall 174 news articles »

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What Must You Consider Before Adopting the Perfect Trading StrategyAny financial instrument traded in any market will present two requirements that investors must follow if they hope to take profits: proper money management and a reasonable trading strategy. In the case of forex trading, finding a comfortable trading strategy is a matter of researching, testing and adjusting what really works.
First things first: money management will always be the most important aspect of trading. Those who venture into forex trading without adhering to the basic principles of money management will likely suffer losses that they will not be able to recover from. The first rule of money management is quite simple: investors should only risk funds that they can actually afford to lose.
An individual trader who dips into their reserve savings account to take EUR/USD short positions is not practicing money management. But who has puts away three months worth of living expenses and also has residual income can certainly take a long USD/JPY position because they know loss can be overcome…

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