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.
As you may know, investing is a risky but profitable game. You can become wealthy if it is done correctly, but you can also experience significant losses. In that framework, the Elder Triple Screen Trading System is one of the most interesting technical strategies to complete winning positions.
If you trade Forex or if you are considering taking the opportunity to do so, the main Forex industry stats for 2020 should be an important part of your decision-making process. Daily Forex has created a detailed report to help traders prioritize their strategies and outperform their goals. This report includes data from over 3,100 traders across the globe as well as insights and predictions from our leading traders and partners. Take a look inside.
What moving averages to use? Why do we use moving averages? Are moving averages effective? MA is a widely used technical indicator that smooths out price trends
Day trading is very challenging but can be extremely rewarding. This article outlines the 3 best indicators the author believes are most suitable to make you a profitable day trader. If you’re ready to open an account to start day trading, check out our list of the best Forex / CFD brokers for scalpers / day traders.
This article will give you an understanding what moving averages are and how to best use them. Familiarity will all types of moving averages, especially the exponential moving average, should greatly improve your ability to trade Forex.
For those interested in short term forex trading, high quality tips and tricks could be the difference between an average performance and an outstanding track record.
The popularity of online trading continues to expand, with millions of new traders opening accounts every year. Forex trading accounts for the bulk of new retail traders, primarily due to relatively low capital requirements to start, and the 24/5 availability of markets. Through the emergence of the cryptocurrency sector, open for trading 24/7, supported by many Forex brokers, demand remains elevated.
Online trading of financial markets continues to attract thousands of new entrants every day. There are a few defining decisions to consider before starting to trade, however, and selecting the right trading platform is one of them. This article will compare MetaTrader4 (also known as MT4), the retail-and-broker favorite, against NinjaTrader, the leader in the independent category, which has failed to gain traction outside of the US market. Both platforms are available as a free download, but hidden costs do exist.
The question of how long it takes to learn Forex trading is a very open one, it really comes down to individual circumstance. After all, there are a great many different variables that go into the answer to this question. However, there are certain ways to approach the subject that can help an individual get past the learning curve much quicker. Unfortunately, some people never truly learn how to trade and another thing that you need to keep in mind is that you never actually stop learning. Markets are very dynamic, so obviously there is no “one-size-fits-all” type of solution.
Although most Forex traders use technical analysis to place their trades, more sophisticated and successful traders tend to increase their success rate by using fundamental analysis in their trading. You can find out more about fundamental analysis in this article and learn how to conduct and apply it for more profitable trading.
MetaTrader4 (MT4) is the most popular retail trading platform available when it comes to Forex trading and is offered by most brokers with very few exceptions.
These are two good reasons why you should learn to use it if you want to become a profitable Forex trader. This tutorial will get you started on your trading journey.
With so much chaos in the markets recently, as well as a great deal of polarisation in the media as to what’s actually going on, it may be a good time to revisit some of the market crashes of the past.
History shows that weekend price gaps usually get filled quickly in the Forex market. This can be the basis for an easy and profitable trading strategy, suitable for Forex beginners. Here, the data and trading plan for a Forex gap trading system are revealed.
A Simple and Profitable Forex Gap Trading Strategy