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 check out our compilation of the best Forex articles for additional information about the trading trends, emerging mobile platforms and more.
In Forex, to short a currency, you need to buy another one. However, downtrends allow you to take advantage of a clear trend & therefore profit from larger moves.
Depending on your broker, switching from a demo to a live trading account, could be extremely simple to fund an account & start trading live.
Although it is possible to do OK by only looking at the Forex market, you could do better by considering what is going on in stock & commodity markets.
Amongst a multitude of charts, we’ll review 3 main ones. The simple line chart, bar chart & the candlestick chart, listing their various quirks, pros and cons.
Many look for the magic system to start making money & become rich. This article reviews some things that work & some hype that far too many people fall for.
One of the mistakes that you might make as a new trader is trying to score big in one shot, instead of playing the fundamental part & winning over the longer-term
Renko charts use bricks, looking like candlesticks with just the body. A Renko chart will completely ignore time & focus only on price changes. Read more!
Understanding the difference between technical & fundamental analysis is the first thing you should focus on when deciding what type of trader you wish to be
No matter what type of trading system you are trying to build, especially of a technical nature, you simply must be able to identify both support & resistance.
Let’s review the challenges of trading in a volatile market. You can be in an uptrend, only to have a headline crossed the wires that turn things back around.
While there is no “magic bullet” when it comes to entries for trades, there are some things that you should keep in mind when getting involved - Read more here!
There’s a lot of misinformation surrounding day trading but as long as sensible risk management is applied, day trading can be a profitable source of income
Using a pullback strategy, means jumping into a market that has established a trend, and then has gone against that trend, forming an ebb and flow over time
While the obvious way to measure a strategy’s success is to look at the profits & losses, there are other things to consider when choosing a trading strategy.
Will too much information ruin your trades?” it may seem somewhat unlikely, but too much information can complicate your trades & even result in losses.
Will Too Much Information Ruin Your Trades?