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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As the Forex Market is so big, there must be room within it for you to make a profit especially as there are so many so-called great trading tools and techniques available.
Without question, Forex trading is a very difficult subject to master and you can easily lose your entire budget quite quickly unless you exercise extreme caution.
A trading system is a set of rules, usually based on technical indicators, that defines when a trader enters and exits trades.
This article explains how to use the ADX technical indicator in your Forex trading.
The trading pundits say that to be a successful trader, you must control your emotions. The general consensus seems to be that on the road to trading profitability, your emotions are your biggest enemy
You decide to take a long trade on the euro and then hear news which could impact it negatively. What are you likely to do in that situation?
The possibilities for personal profit are literally endless. A trader can make more money trading Forex then they will know what to do with.
Diamond patterns, rare but frequently profitable, are a combination of a broadening pattern and a triangle.
Breakouts happen when price moves beyond support or resistance or violates a trend line.
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Positive or negative value is assigned to the volume depending upon the price being higher or lower on that day compared to the previous day
If you were to lose 50% of your account on a single trade, going from $10,000 to just $5,000, as a result of an unexpected market move, you would then need to gain 100% just to recoup your initial position
A fruitful currency trader should understand currency market dynamics. One key is currency correlation. Many currency pairs are correlated to some degree.
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Sign up to get the latest market updates and free signals directly to your inbox.Most traders know the trend is your friend. The assumption is that the momentum of the trend will carry you along, making sure your trades are profitable.
Many Forex traders have difficulty understanding that their occupation involves a tremendous amount of risk. Good Money Management skills are essential in order to cope with this very serious problem.
This article explains why the Meta Trader 4 Forex trading platform dominates the market. It lists the advantages mt4 has over its competition.