Where there is money involved, there are scammers. the potential rewards in trading are higher, but, some of the best traders in the world make 20% a year.
Commodities trade like support & resistance, technical analysis & other markets. Forex gives a head start to trade other markets.
Round number trading strategy is taking advantage of large round numbers as they tend to attract large order flow. This is a way to pad your trading account over time
You are working hard at trading Forex & having some successes. Yet, at the end of every month, you have ended up with a loss. You might be overtrading.
Trading in multiple time frames is important. While you may not trade on the weekly chart, understanding the weekly trend can keep you on the right side.
With exchanges and banks shut completely or operating on reduced hours, it’s crucial not to be caught out by surprise festivities when you are planning your trading schedule and strategy.
The wedge chart pattern is popular with traders, as it is easy to identify, and has a simple measuring tool that is simple to use. So what actually is a wedge?
The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Learn about the process here!
Forex traders will often branch out into other markets, including precious metals, spot gold & silver trading. These may be traded by forex brokers or alternatives.
Some Forex brokerages offer a “PAMM Account”. a PAMM account is basically a managed account where one trader trades on behalf of others through his/her account
In money trading, the most important area is going to be money management. Paramount to money management is understanding your risk tolerance in trading.
One of the common trading patterns is “head and shoulders pattern.” But there are a couple of things to keep in mind before you use this pattern.
The words that a trader never wants to hear, are “margin call”, which is when a broker asks a to deposit more money into the account to keep a position open.
There are few parts of Technical Analysis that you can credit to a single individual, but Elliott Wave Theory has that distinction. Read more.
When you begin to trade Forex, you are flooded with new terms. One of them is “slippage.” Slippage is a difference between the price you see & the price you pay.