FOREX ARTICLES
My favourite Fibonacci level is 88.6% and it is something I have written about on DailyForex many times before. To recap, the 88.6% level is derived from taking the Fibonacci Golden Ratio, 61.8% (or 0.618), square rooting it and then square rooting it again.
For a currency to be traded and for its price to move from one level to another, volume is required. Or put another way, volume is the gas in the tank of the trading machine.
Price Action trading is a simple tool that traders can use to trade the Forex Market. Learn how to start trading with Price Action here.
So many traders never find consistent profits in the markets as they are always looking for the next big thing or the “Holy Grail”.
As investors fretted about last week during the negotiation process, the Greek government and private bondholders did not reach an agreement on a deal that would swap out debt which is due to mature in mid-March; a deal that is critical if Greece intends to avoid a disorderly default.
One of the most difficult questions that a trader will ask themselves is when to take profits. This is a very complex issue, and as such has no one correct answer.
When trading the FX markets, it is absolutely vital that you know when to cut your losses.
When choosing a Forex broker it is quite common to look into all of the features that are available, as it should directly affect your purchase decision. While this makes sense as a consumer, some of the features can be unnecessary, and quite frankly “fluff”.
How are your emotions relevant to your success in the Forex market? Learn why your mindset matters here.
In this specific article, we are going to focus on one aspect of Forex trading, that when followed, can become the difference between complete failure and ultimate success in Forex trading, and that is the willingness to take small profits.