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.
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.
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?
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.
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.
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.
In Forex, we play a “market order” to get involved. This tells the broker that you want to get involved to the best price possible, or the “market price.”
Some traders focus on investing while others focus on micro-moves. This article can give you an idea of what to realistically expect when you enter the world of Forex trading.
Do you really need a stop loss? The quick answer is: “yes.” The long form of the answer is “yes, if you choose not to blow up your Forex trading account.”
