The trailing stop facility is a common feature on forex trading platforms, but it is a very basic method of protecting profits and on the whole rather ineffective. How To Use A Trailing Stop Loss In Forex Trading. The basic principle of a trailing stop is that it will continually move a stop to a […]
Forming a trading bias in forex can give you an important edge to your trading, if the market is generally going up then you should only consider going long, it’s always better to go with the market than against it. How To Form A Forex Trading Bias. The best and easiest way to from a […]
Assuming a black and white forex candlestick chart, we shall have a look at the different types of candlesticks and what they represent. Types Of Forex Candlesticks. White Full Bodied Candlestick – Shows that the price has moved strongly in a bullish direction, expect the market to continue in the same direction. Black Full Bodied […]
During my trading career I have come across many courses, mentors and guides, and here’s my general experience. You can divide forex courses and mentoring into two main groups, the $97 100% money back guarantee type and the more expensive where you get a mentor and tools and a system to trade. My Experience With […]
What you think your best forex trading style might be, the reality might be completely different, it can be quite opposite to what you think. What Are Your Strength And Weaknesses Regarding Forex Trading. Your strengths in general life might be effective for you but forex trading is a very different beast, what might be […]
The FOMC statement produced quite a surprise and made for quite a major move on the forex markets, but how much of surprise was it? Was it written in the stars or the triangle maybe? The Forex Triangle. The FOMC announcement does usually have a noticeable impact on the forex market, but this month it […]
There isn’t a wise Yoda like trading guru anywhere that will tell you otherwise – uncontrolled emotions when trading forex is liable to blow up your account. Ruthlessly. You see, the markets themselves are erratic and pulsing – a live-wire mix of steeped emotions and opinions, they’ll pull, push, throttle and thump price action all […]
The real key to making it as a forex trader in the long run is to attain consistency with your trading. Sure, no trader will ever manage to whack out profits with 100% of their forex trades – however, if you hone your system to spit out 70% winners, with a 2:1 take profit/stop loss ratio… make no mistake, […]
FX traders can embrace two broad methodologies as far as technical analysis goes – some will adopt a REACTIVE approach, while others will take on a more PREDICTIVE stance. Both have their advantages and drawbacks, and in this article we’ll flirt with the nuances of each of the approaches. We’ll also look over examples of both reactive and […]
Trading foreign exchange rates involves a great deal of consideration and forethought. There are many key issues that the successful trader must think about as they set up their trading system and begin to battle the markets in real time. Sure, we’ve all read the articles about following a carefully devised trading plan that fits your own skills and […]
