Beginner Forex Trading

Forex Market Weekly Open And Close
Technical Analysis

Forex Market Weekly Open And Close

This is very much a beginner topic, but I think it is essential to learn about the market open and close because trading mistakes made during these times can be avoided, as long as you are aware of them.

To start, I want to point out that the Forex market is not the same as the stock market in terms of when the market closes and opens.

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Trading The Rising Wedge Pattern
Technical Analysis

Trading The Rising Wedge Pattern

Today we will look into the rising wedge pattern which occurs in the markets when price contracts in a specific direction. On a chart, you will observe a trendline underneath price and channel line above.

Within the wedge, the market still has bullish momentum, but breakouts out of this pattern can occur in either direction.

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10 Tips To Stay Patient As A Forex Trader
Trading Psychology

10 Tips To Stay Patient As A Forex Trader

“Patience is a virtue.”
This quote applies to life in general as well as the financial markets. Humans find it very easy to give in to instant gratification, but as Forex traders this can leave our accounts bleeding to the death.

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Taking Breaks From The Forex Market
Trading Psychology

Taking Breaks From The Forex Market

Whenever someone talks about taking a break in Forex trading, or trading in general, it usually comes after losing money. SO… you probably just lost money.

A little, a lot, it doesn’t matter, but you feel like all the trading advice you’ve been given indicates that you should probably take a break. Should you? I wouldn’t advise it.

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Risk Management Guidance For Traders
Risk Management

Risk Management Guidance For Traders

As traders, we often face issues when it comes to how much we should be willing to risk on each trade, how many trades we can have open before our leverage becomes non-existent and quite frankly problematic for the maintenance of the account.

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2 Ways To Gain A Positive Expectancy (Edge)
Technical Analysis

2 Ways To Gain A Positive Expectancy (Edge)

There are two ways most traders achieve a positive expectancy (get the probabilities in their favor). These can be used separately or together to gain an edge but the logic is simple – You either FOLLOW THE TREND or trade using CONFLUENCE.

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What Is A Trading Strategy And How To Build One
Trading Strategies

What Is A Trading Strategy And How To Build One?

A trading strategy is a set of predefined rules that a trader follows when opening, managing and closing a position. This means that specific criteria must be met before any trades are placed or modified.
Trading strategies dictate when you should be participating in the market vs. when you should stay out, which essentially means that the rules are making the trading decisions.

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Is Being Fixated On The Forex Markets GOOD
Trading Psychology

Is Being Fixated On The Forex Markets GOOD?

Psychologically we human beings require rest in order to function and make the best decisions possible in the Forex markets. When our minds are tired, although we may have an edge over the markets, we can tend to be very lethargic in our approach to market analysis and trading our plan.

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Volume In The Forex Market
Technical Analysis

Volume In The Forex Market

Volume refers to the amount that a financial instrument has been traded over a specified period. In the Forex market, this would be how much a certain currency pair has been exchanged. For example, traders will analyze the volume of EURUSD over a 4-hour timeframe.

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3 Technical Keys EVERY Forex Trader Needs
Technical Analysis

3 Technical Keys EVERY Forex Trader Needs

As a trader, there aren’t going to be too many things you have in common with other traders because everyone is different right? Trading is one of the few things in this world that rewards using the ideologies of others.

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