Forex trading is full of success stories. Just search the Internet or follow the trading community on the leading social media websites. Everyone is a winner! Real statistics though tell just the opposite. But what are the Forex pitfalls that make Forex trading so difficult? It all starts with the approach to trading. People focus […]
Every person coming to the foreign exchange market wants to succeed. But what are the best practices a Forex trader to follow? Is there a guide to success? Or rules to follow for Forex traders to make it? For sure, there is none. More precisely, none to fit every Forex trader in the world. As […]
Support and resistance are the basis of price action trading. Part of any technical analysis 101 course, every trader goes through them. Moreover, throughout a trader’s life, both price action and support and resistance levels will follow his/her analysis. And, for a good reason. They’re reliable, rarely give false signals, and keep the trader on […]
Part of money management, position trading and position sizing in Forex determine the profitability of a trading account. Many try, few succeed. Traders bear enormous responsibility. From the moment they fund the trading account, suddenly become money managers. Like it or not, this is the reality. However, managing money is not for everyone. Traits must […]
This article is about profit. More precisely, how to use the Forex market to get a high reward from a trade. But does a high reward come with a high risk? And, if yes, what is more efficient? A constant high win rate or a high reward as part of an appropriate risk-reward ratio? In […]
Price action trend reversal strategies are old as technical analysis. Before trading theories and indicators appeared, traders used naked charts to spot the best trade. Technical analysis using price action is the purest approach to markets. Because there’s no indicator to blur the charts, trades become apparent. Moreover, when applying money management rules, trend reversal […]
Forex technical analysis and Forex fundamental analysis complement each other for the perfect trade. While fundamental analysis gives the reason, technical analysis shows the direction of a trade. So far, so good. But what makes technical and fundamental analysis? The two notions are so vast, is impossible for one trader to master everything. Hence, retail […]
With its almost six trillion dollars daily turnover, the Forex market depends on Forex news to move. For this reason, Forex volatility and Forex news enjoy a direct relationship. Most of Forex news comes from the economic sphere. Job-related data, changes in the size of an economy, inflation, etc., offer traders clues about the economic […]
With only a stable Internet connection, retail traders have access to financial markets. But with global markets at their fingertips, what is best: trading in Forex or trading in stocks? Or both? Before anything, trading financial markets isn’t for everyone. The recent rise and fall in the cryptocurrency universe is the best example. People depleted […]
Technical analysis as we know it today wouldn’t be the same without Demark indicators. These aren’t just words, but a recognition of one of the most talented technical analysis trader. As the creator of Demark Indicators, Thomas Demark offered consulted big names in the trading industry. His contribution to technical analysis is nothing short of […]
