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Dollar Cost Averaging: Should You Do It & Why?
Dollar Cost Averaging, or DCA for short, is an investment strategy. It’s also called a constant dollar plan. It’s different from a forex trading strategy because it’s about how a trader manages money for long term investment purposes. Money management is often a neglected part of an FX trader’s arsenal. And a good investment strategy can be a helpful complement to a good trading strategy in order to improve profitability. So is DCA for you? What Is Dollar-Cost Averaging? Simply put, it’s when an investor makes regular investments in a target asset at specific, pre-defined intervals. The objective is to ... (full story)