This article discusses the topic of Forex trading being risky. People fantasize about the money they win, but the reality about trading is different sometimes.
The Keltner Channel can be used to effectively identify either trending or ranging market conditions as well as good points for trade entries.
One of the questions in Forex trading is what type of broker to use. It depends on your situation but let’s look at the difference between an ECN & a standard account
Where there is money involved, there are scammers. the potential rewards in trading are higher, but, some of the best traders in the world make 20% a year.
Commodities trade like support & resistance, technical analysis & other markets. Forex gives a head start to trade other markets.
Round number trading strategy is taking advantage of large round numbers as they tend to attract large order flow. This is a way to pad your trading account over time
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
Looking at the wedge chart pattern, it is easy to see why it is so popular with traders. This is because it is easy to identify, and therefore has a bit “self-fulfilling prophecy” aspect to it. The fact that it also has a simple measuring tool built into it does not hurt either, as it is very simple to use as a tool.
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.