One of the most important ingredients for successful trading is Forex chart patterns technical analysis. Recognizing figures on the graph is an essential part of the Forex strategy of every trader. It is vital that you learn chart patterns and their meaning. I have decided to spare some time to show you how to trade […]
You know that the Forex spread is an important factor in choosing which currency pairs to trade and even which broker to trade with. But what is a Forex spread? And why does it matter? In essence the spread is the difference between the Bid and the Ask price. It is what the broker charges […]
The life of a Forex trader is full of unpredictable events. You never know when a central banker says something that moves the market. Therefore, the need of having a set of Forex trading tools arises. Before anything, don’t think of Forex trading tools as being only technical ones. Instead, think of the sum of […]
Yet another Japanese concept, the Heikin Ashi candles provide a great setup in both swing trading and Forex scalping. When the Western technical analysis world met the Japanese approach, it was stunned to find out the simplicity and the power of the Japanese candlesticks. As it turned out, the Japanese traders used candlesticks patterns to […]
Part of money management in currency trading, the diversification method protects the trading account. Applying diversification method principles to the Forex trading account results in increased chances to survive in the currency markets. There are multiple ways to diversify a trading account. For instance, trading uncorrelated pairs means applying diversification method. Also, fundamental trades diversify […]
One of the biggest things in trading is the placement of stop losses in your trades. Part of any money management system, stop losses orders bring discipline to Forex trades. Many traders choose not to use stop losses orders. At all. The reasoning isn’t that bad. They fear brokerage houses interfere with market activity. And, […]
Trading with a small Forex account is both a blessing and a curse. Blessing, because one can fail without much harm in case things go wrong. Curse, because if you trade Forex successfully on a small Forex account, you’ll have a hard time doing the same on a bigger one. One of the best practices […]
Retail traders often make the mistake of not knowing the best time to trade in the Forex market. For this reason, they trade all the time. However, markets don’t always move. In fact, statistics show that markets mostly range, then a trend. Hence, knowing the best time to trade and when to sit on your […]
The most popular Forex trading platform among retail traders, the Metatrader 4 has some fantastic features. A beginner’ guide to retail FX trade must start with understanding the Metatrader 4 platform. A Forex platform has the capability of bringing traders together. Those aren’t just big words. That’s reality. The Metatrader 4 is so popular because […]
Making money is the ultimate goal for anyone engaged in Forex trading. Currency trading sounds exotic; friends will find your story interesting, and the unparalleled rewards worth the trouble. But can anyone do it? Making money in Forex trading sounds very easy if judged by the media advertisements. Just pick a Forex broker. Next, open […]
