Just starting out in your Forex trading journey? Then our beginner articles are just for you.
Do you already have a good understanding of the market? Check out our Advanced articles for more.
It costs money to trade. But that doesn’t mean the COST is ONE CONSISTENT PRICE. Instead, brokers offer different pricing options for traders.
If you’re a swing trader or a position trader, this article is probably not for you. Instead, it’s for those of you who have found an edge in trading the market frequently.
Market trends are formed by a series of with-trend and countertrend price moves. Understanding the terminology used when describing price action is vital for anybody starting in the Forex market.
Having a bad trading day? Having a bad trading week? Or month? Guess what, that’s normal! Drawdowns come to winning traders too. How you behave during that drawdown will determine whether you will come out ahead or go further into the hole.
Have you ever felt overwhelmed by all the strategies you know? You’ve tried most of them, and each works well in different market environments, producing fantastic results for you. So many methods at your disposal, but you are unsure when to implement them.
There are many myths that we all encounter when studying the market. These myths are based on historical data, but we aren’t meant to look at historical data alone to inform our future decisions.
Indicators, fundamentals, and opinions do not paint a crystal clear picture. Price action is crucial when analyzing our charts.
A belated Happy New Year and Merry Christmas! (to whomever that applies). I hope you all spent some time with loved ones and re-centered yourselves in preparation for the new year that will come with new heights ergo new challenges.
Pip is an acronym for “price interest point” or “percentage in point”, which is a price change of 1/100 of 1% or one basis point. This represents the smallest possible change in an exchange rate.
The majority of Forex pairs are quoted up to 4 decimal places i.e. a pip is the last of those 4 decimal places.
In the Forex trading industry, “consistent profitability” is used so often, the actual meaning can become blurred.
It has become a phrase people use to pounce on newbie traders so these innocent traders can buy their course, lose thousands of dollars, and leave with nightmares about the Forex market.
The question most new traders do not ask? How long will I be losing for? How long, on average, will I be unprofitable?
Most entrepreneurs, who are seeking capital from investors, ask this question so that they’re not under pressure to turn a profit while a business is in its incubation period.
Trading in general, but particularly in the Forex market, requires that you have solid psychology when it comes to risk and loss.
A lot of new traders come to make boatloads of money sure, but nobody ever says “hey! while you’re making all that money, you’re gonna be losing some in the process”.
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