11th February 2008
Before you try your hand at Forex trading, it’s important that you first understand what you’re getting into. I’ve lost count of the number of times I’ve met amateur traders who can’t even calculate the value of one ‘pip’… it’s no wonder...
11th February 2008
Forex trading is a zero-sum game. For every dollar won by a trader, there is a dollar lost by another trader. It’s a sad reality, but it’s still nonetheless a reality.
Taking from others is the only way wealth is created in the Forex market. It’...
08th February 2008
Many retail traders focus so much on trying to make money off the market that they often neglect to protect their capital. This causes them to ultimately wipe out their trading accounts no matter how good their ‘money-making’ strategy is.
You see, ...
06th February 2008
If you haven’t heard of the phrase “the trend is your friend”, you’re either new to trading, or have been living under a rock. Trend trading is one of the most popular methodologies used by most people today.
What Is Trend Trading?
As the n...
06th February 2008
Trading on price consolidation breakouts is a popular choice among Forex traders. In this article, I will present to you one of the most effective and simplest ways to trade consolidations.
What Is A Price Consolidation?
Price consolidation occurs w...
06th February 2008
When you open up your trading charts each day, do you feel calm and confident or do you feel uncertain and nervous? Many traders often find themselves feeling the latter.
To be a successful trader, you’ll need to constantly feel confident about the ...
04th February 2008
Although cash Forex trading has its inherent risks, this market offers a number of excellent advantages for retail traders provided that they trade with a reputable and reliable broker. In this article, I will cover 3 advantages of trading in the cash For...
04th February 2008
In recent years, the cash Forex market has become one of the fastest growing financial markets in the United States. The prevalence of online trading platforms and the limited legal restrictions of the Forex market have literally caused dozens of companie...
02nd February 2008
Many people wonder if they should be interested in the foreign exchange (currency) market. They ask, “Isn’t Forex something that only the big banks and hedge fund managers pay attention to?”
Well, these large market players are definitely interes...
02nd February 2008
Most Forex retail traders will use some form of technical indicator in their trading careers. In this short article, I’m going to review the 4 most common types of technical indicators.
Trend Indicators
Trend indicators indicate the persistence of...
02nd February 2008
Every trader must know the meaning of price. Without a good understanding of what market prices mean, it’s unlikely for anyone to succeed in any type of trading activity. Your success or failure as a trader depends on it.
What Is Market Price?
Put...
02nd February 2008
The Parabolic/SAR indicator was developed by J. Welles Wilder in 1976. It is often used to select trailing price stops and is commonly referred to as SAR (Stop And Reversal).
This indicator aims to signal the reversing of a trend, thus providing trader...
02nd February 2008
The Fibonacci retracement indicator is a very popular tool among Forex traders, and it is based on a set of key numbers identified in 1175 by Leonardo Fibonacci, an Italian mathematician.
What Are Fibonacci Numbers?
The Fibonacci series is derived b...
02nd February 2008
Most successful Forex retail traders use a variation of the moving average indicator. It’s one of the oldest technical indictors in existence, and its widespread popularity is mainly due to its simplicity and effectiveness.
What Is A Moving Average?
...
02nd February 2008
What Are Fundamental Economic Indicators?
Economic indicators are typically important news announcements that involve sensitive economic data.
How Do Economic Indicators Affect Trading Decisions?
Consider this example:
It’s Monday morning an...
