FOREX ARTICLES
One of the most overlooked places that a trader can find information as to the future direction of a Forex pair is in various financial markets around the world. This article explains how you can learn from other markets.
If you are going to trade Forex, sooner or later you will hear about automated Forex systems. They are also called “robots”, “expert advisors”, and “auto traders”. Learn how these systems work here.
This article does not promise immediate wealth or success, but rather, a slow paced and long lasting strategy that, at the end of the road, will lead you to profits.
What is technical analysis and why should you care? This article explains in simple terms how Forex technical analysis can enhance your Forex trading experience.
It is something we try to teach our children, but when it comes to trading there are plenty of traders that are not willing to do just this. Taking responsibility for your actions is one of the most important things a trader can do, mainly because it leads to real and true introspection.
With Q4 2011 rapidly approaching us, it is time to look at some of the currency pairs and what they may have in store for traders. One expert trader offers his Forex predictions here.
One of the biggest issues that can rear its ugly head in the world of the newbie trader is over complication. In fact, making things much more difficult than necessary is a staple of every budding trader’s early career it seems.
Your goal in the first month of trading should be to stay afloat. Your immediate and most crucial target should be to simply keep your trading account open. Yes, you can dream about making millions, there is nothing wrong with that, but practically speaking, if after a month of trading Forex, you have an active account, you have already succeeded where most people fail.
The rise in popularity of Forex trading nearly mimics the rise of Twitter popularity, as both of them have grown in leaps and bounds in the past two years. Forex trading turnover was 20% higher in 2010 than it was in 2007, and of course, Twitter usage has grown even more since its launch.
One of the most important candlestick formations that a trader can learn is without a doubt the “Hammer” or “Shooting Star”. In a nutshell, these candles can show a potential reversal of the trend. They tend to congregate at important inflection points in the markets, and can often predict a sudden move in the other direction.