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.
One of the most common ways to trade the Forex market, is to use a moving average trading strategy. Let’s explore some of the common ways to use moving averages
Many factors figure into the valuation of a currency, one of the vital ones is a country’s interest rates. Let’s explore what these mean & how they impact a country’s currency value.
A beginner in Forex trading should open a demo account. Such account will not risk any money & will allow testing a broker, testing new trade strategies & more.
What’s the most common mistake traders make? Undercapitalization, poor analysis & risk management, or a trading strategy? Above all these, is the lack of patience.
How do brokers make their money? This is a fundamental thing to understand before depositing, as you should understand where money flows throughout the system.
Setting a stop loss is critical in forex trading, which may be profitable or disastrous. You’ll be dealing with leverage & volatility, which can cause financial pain.
When a currency crisis happens, the overall economy feels the effects of the sudden change, & it can cause major financial issues.
Indicators are a tool that technical analysts, traders, & statisticians use in the financial markets to take a statistical approach instead of a subjective approach.
How to calculate pivot points? Pivot points is a collection of support & resistance, calculated ahead, thus contributing data of where to buy & sell a currency pair
Trading has its days, it’s an emotional game. Emotion can lead to mistakes, and thus you should know when to step away from a trade and have the patience to wait
How to identify your trading difficulties? Your emotional state, walking away from a trade that is already set & more tips to help you find the right solutions.
Traders see Forex charts differently. The reasons for this are linked to bias, time frames, bad analysis, methodology, technical Vs. fundamental analysis & more.
Do set & forget trading strategies really exist? Some strategies can work this way, but they must be used with appropriate caution & understanding of the market
Keeping a journal is one of the things that separate amateur from professional traders, allowing to see the thought process & to pick up a trading pattern.
How does the forex market react to the NFP (Nonfarm Payroll) report? Should you trade these announcements, or should you rather remain outside of the market?
The Number One Mistake Traders Make