When choosing a Forex broker, it’s critical that you do your research and make sure the broker is reputable, reliable and regulated. Check out this review about Neteller.com here.
Most traders are familiar with the use of Fibonacci ratios as entry and take profit points, but few have considered placing stops with FIBS.
These days, technical analysis is all the rage for day traders, but this trend does not mean trading news events should be avoided entirely. Instead, traders should wait for these events to occur so that the rest of the market has time to respond to these events in a clearly defined fashion.
The best reason you will ever have for switching brokers will occur if you ever find that you have a good reason to fear for the safety of your deposit. Learn about switching brokers, here.
You should always use some kind of hard stop loss order that is entered into your trading platform. When your stop losses are hit, it can feel like a slap in the face.
If you are new to day trading or have been in these markets for a long period of time, one this is clear: You have been exposed to the term “break-out” as a major market occurrence and a potential opportunity to see significant market gains.
Like anything else in life, if you believe in what you are doing, chances are higher that you will succeed in your attempts. Doing something in a lackluster, random manner often brings in dreary, uninspiring results.
When it comes to investing, there are endless ways to scam a trader. Many brokers manage to get away with their fraudulent activities for a period of time. Then they are either ‘caught’ by a regulatory organization or they succeed in absconding with their clients’ funds, never to be seen again.
| 10/31/2013 6:00:00 AM
Trading Forex has become very popular of late. Disgruntled stock traders are moving their money out of the equity markets and into Forex markets. Indeed, Forex markets claim to make the investor a great deal of money in a very short period of time.
As the saying goes, “Patience is a virtue.” When it comes to investing, this is especially true. But although even the best traders and investors understand how important patience is, very few have mastered the skill. Patience in trading is a disciplined art and must be practiced intensively before it becomes automatic.
With today’s fast paced trading options, choosing the best Forex robot has taken on a major role in Forex trading. The use of a Forex robot is basically one of the methods employed by a trader to buy or sell on the Forex spot market. Learn how to choose the best here.
MetaTrader 4 and the recently introduced MetaTrader 5 are electronic trading signals used by online retail foreign Forex traders.
Thinking about taking on day trading as a way to make money? DailyForex provides you with day trading strategies you must know before you start.
Order flow trading relies on a simple theoretical basis: the only thing that moves the price is whether there are more buy or sell orders right now.
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