There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry. At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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In this article I will show whether it is true to say that the Forex market ranges most of the time, and whether there is a simple way to exploit this phenomenon profitably
In this article, I am going to speak from my own experience, and try to give you an idea of the challenges you will certainly face if you are going to make a living by trading Forex.
In the final part I am going to explain how to determine which currency pairs to trade, how to control overall risk, and outline some more advanced strategies for exiting trades
One of the easiest and most reliable ways to make money trading Forex is to follow trends and let winning trades run for as long as they will run.
You may have seen the above scenario play out on your charts: you spot a Support and the Support gets broken; the market rises back up and bounces against that previous Support level.
Find out why you should or shouldn't trade exotic Forex currencies here with our latest Forex education article.
Although I am a Forex trader, I have to admit that there is probably more money to be made in trading stocks than there is in Forex.
I wrote an article explaining about how an account of $10,000 could be grown into $1 million in the course of a few years of Forex trading. Many readers found it hard to believe that this could be a realistic target.
Are you losing grip with your trading? Feeling lost in your own analysis and getting angry at the markets because your trading is going nowhere? You’re not alone.
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Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right, and which works better?
Many traders use moving averages as support and resistance indicators, or focus on whether a candlestick has closed above or below a particular moving average.
There might be ways you can get a better picture of where the buying and selling is taking place beyond what you already know.
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Sign up to get the latest market updates and free signals directly to your inbox.Sometimes you have the perfect setup for your strategy and the market literally moves in exactly the opposite direction. This is called “Pattern Failure”.
Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right?
Learn how to make dynamic stops with the Parabolic SAR here.