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.
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In this article I will explain what Forex swaps are and how they work, so if you are or plan to be a longer-term trader, you can plan accordingly and act to preserve your profitability.
The Forex market and its traders depend heavily on real time Forex quotes.
Many experienced Forex traders cringe at the thought of Forex scalping.
If you do have a Forex trading plan on paper, that is sound and one that you're comfortable with, then you should be following it no matter what.
Forex trading like all day jobs that are so called ‘standard’ has its own discipline and rules.
Taking on a career in Forex trading can be the most monumental decision you will ever make. The thing is, it can be monumental in more than one way.
The Forex charts are showing more movement. It looks like some of the big institutions are back and ready to play. Now is the time to buckle down and dust off the brain.
Don't put your eggs (currency pairs) all in one basket. Everyone has heard that before and has had it applied to everything from career choices to...eggs.
Everyone here talks about having a Forex plan and having a Forex strategy. Particularly for the novice, these two phrases can be heard as interchangeable equals. They are not.
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The Forex trader who only trades the EUR/USD pair has increased quantities, pyramided, or any other number of things to make this Forex market turn profits.
Every Forex trader, whether he be a novice or experienced, has heard talk of the discipline needed to trade Forex successfully.
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Sign up to get the latest market updates and free signals directly to your inbox.Most if not all the retail traders use some form of EA’s in their trading.
Forex has a much more widespread audience than other markets. As a result, the Forex market must adapt to meet the needs of these traders.
If you open a chart you can immediately spot points of support and resistance and use them as entry and exit signals in a Forex strategy.