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
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!
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.
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.
Like most things in the world that involve money, there is a lot of deception in the Forex world. Some of it malicious, and some of it benign.
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.”