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Forex Spread Basics

Forex is the trading between two different forms of currencies. Those two currencies make up the pricing of Forex paired as Currency1/Currency2. When trading, you have to sell one currency in order to purchase the other currency. To exit this trade, the  reverse must be performed. Take the following example, you think the Japanese Yen is going to rise in value compared to the US Dollar and want to cash in on the growth rate.   In a Forex trade, you sell US Dollars in order to purchase Japanese Yen. To exit the trade, you sell the Japanese Yen back and purchase US Dollars. The goal of this trade is to get more US Dollars back than when...

Forex Spread Basics
posted on: Aug | author: Ella

Time To Avoid Trading

Have you ever noticed that after a solid winning trade you often lose money on the next one? Well, it may be something you can prevent, at least sometimes. You see, after a winner, there is emotion that can cause traders to want to jump back into the market without a signal being present.   False-confidence and even addiction to the euphoria and the ‘high’ you get from winning are things that can end your trading career just as it’s starting to take off. After winners, we may literally invent or see patterns on the charts that are not even there; we convince ourselves into jumping back in the market, subconsciously.   Before we proceed, let me be...

Time To Avoid Trading
posted on: Jun | author: Ella

10 Cogent Causes Traders Fail to Make Money Trading...

We have all heard the news that something like 80 to 90% of traders don’t make money. So, you basically have two choices; give up your dream of being free from work, jobs and the drudgery of modern 9 to 5 society, or try to understand why most people fail at trading and work to make sure you are in the top 10 to 20% of traders who actually make money. You have to take a hard look at yourself and decide what you want. Do you want to submit to the modern-day ‘slavery’ of bosses and jobs, or do you want to really have a crack and commit to learning how to trade and achieving consistency at what...

10 Cogent Causes Traders Fail to Make Money Trading
posted on: May | author: Ella

34 Trading Tips That Can Help Your Trade...

A solid trading system is necessary, augmented by experience, a courageous spirit, and, of course, capital. But, for most people just starting in trading, and others who are possibly losing their zest and confidence due to large, but hopefully temporary, drops in market values, a basic overview can restore clarity to your trading. With that goal in mind, kindly take advantage of these tips 1. If a position is showing negative activity, do not increase the risk by getting in deeper. This is the same as the old trader‘s saying, ―Never add to a losing trade . 2. Never fail to decide upon a stop and a profit objective prior to your entering a trade. Use your knowledge...

34 Trading Tips That Can Help Your Trade
posted on: May | author: Ella
The Truth About Demo and Live Account

The Truth About Demo and Live Account

posted on: Apr | author: Ella

Comparing A Forex Demo Account With Mini Forex Trading: If you are beginner in the forex trading business then you may first need to look around for a good forex demo account. It contains several advantages that are especially tailor made for the beginners. Apart from this, there is also the mini forex trading account. Are you confused about which is better than the other? Then let us find out whether a forex demo account is preferable or you must go with the mini forex trading account.   A mini trading account is specially designed for those who are learners in the forex trading business. This account allows you to trade in the real market with real money, but in very small amount so that you don’t incur huge losses. This account can be easily opened with a small amount of starting fund. There are many brokers who can offer...

Forex Traders Winning Traits

Forex Traders Winning Traits

posted on: Apr | author: Ella

In the world of Forex trading, the most successful traits a trader may have has nothing to do about who gets to play the good or bad guy. Rather, it’s all about the traits that increase your tendencies to make wise – or unwise – moves. Cut Your Losses Early Traders hear this very sage advice all this time, but most ignore it – to their everlasting regret. Hope is a powerful motivator. And it’s always good to be optimistic. However, you have to be careful about choosing what to be hopeful for. Cutting your losses early does not mean you’re quitting. It simply means it’s time to move on and try another currency pair. It really is that simple.   Don’t Fix What’s Not Broken It is a cliché, but that doesn’t stop it from being true. In fact, ignoring clichéd advice is quintessential example of how people insist...

Effect of Complicating Forex Trading on Your Emotion

Effect of Complicating Forex Trading on Your Emotion...

posted on: Apr | author: Ella

These Forex trading tips are for those currently experiencing losing streaks, it is not unnatural for a trader to lose money once in awhile, but when you realize that you are making fewer profits and losing more, you may have some deep underlying issues you need to fix before you can get back on track. After reading this book, traders will learn how make the trading process as simple as possible, providing them with the insight on how to make more profits in the markets.   Mastering Your Mind The primary reason as to why a lot of Forex traders are losing money is that they are unable to consciously master their emotions and it does not take long before they are deeply caught up in emotional trading mostly because the latter is easier and is more exciting than controlled trading. In essence, Forex markets offer traders a pair...

Understanding The Power Of Patience In Trading

Understanding The Power Of Patience In Trading...

posted on: Apr | author: Ella

A lot of people make huge losses in Forex markets just because they make simple mistakes like overtrading or not being patient enough to allow their trade setups to play out and instead they enter and exit the Forex market compulsively. The problem may lie not so much with your trading strategy but with your inability to exercise patience by waiting for the best low risk opportunity with the highest probability of success. The tips discussed below will help any trader step up their trades from mediocre trading to consistent and profitable trades.   Educate Yourself on the Forex Market It is important that new traders educate themselves on all matters pertaining to the Forex Market resisting the impulse to rush into trades before understanding the ins and outs of the trade. Learning through mistakes on the Forex market could leave you counting your losses, but lucky for you...

Steps To Success in Forex Trading

Steps To Success in Forex Trading

posted on: Apr | author: Ella

Here are the best tips that you can use to ensure success in Forex trading.   Step 1: Set Realistic Expectations The initial step is to set realistic expectations. Of course, all people would want to earn profit. In this kind of business where currency trading is highly volatile, you win some and you lose some. Chances are, if you use the right strategies and forecast, you can definitely earn a huge sum. But on the other hand, you can also lose your money.   Basically the point here is to hope for the best outcome and anticipate the worst case scenario. There are still many factors and other market forces that can directly and indirectly affect currency trading. Make sure that you do not stake your whole life on the line just to be in the Forex trading business. It is strongly suggested that you trade using the disposable...

Fibonacci Trading Insight

Fibonacci Trading Insight

posted on: Mar | author: Ella

In an uptrend, the general idea is to go long the market on a retracement to a Fibonacci support level. The price retracement levels can be applied to the price bar chart of any market by clicking on a significant Swing Low and dragging the cursor to the most recent potential Swing High and clicking there. This will display each of the Retracement Levels showing both the ratio and corresponding price level. Let’s take a look at some examples of markets in an uptrend. The same points made by these examples are equally applicable to markets in a downtrend. Example 1: Here we plotted the Fibonacci Retracement Levels by clicking on the Swing Low at about $71.31 and dragging the cursor to the Swing High at about $89.83. You can see the resultant levels plotted by the software. Now the expectation is that if the market retraces from this high it...

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