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.
Our goal as Forex traders is to be consistently profitable. But we need a consistent process to achieve success year after year.
A framework allows us to study the results of our actions. Therefore we can make success repeatable by simply following the same process.
Have you ever felt like the guy or girl who cannot seem to get anything right? Literally, nothing right! I most definitely have. I used to play cricket back in high school, and I loved it! It was such a thrill representing my high school, and better yet, doing it with my closest friends!
Although my friends and I had achieved several things on the field and won some crucial games, there was that ONE school we couldn’t beat!
Before you get too excited, know that there is no such thing as “The Perfect Forex Trading Strategy.” So if you’re still reading, I’m assuming you already know that.
There IS, however, the Perfect Forex Trading Strategy for YOU!
Head and shoulders (H&S) refers to a popular technical analysis pattern used to trade market reversals.
A classic head and shoulders indicates the probable end of an uptrend proceeded by a downtrend. Inverse head and shoulders also occur in markets, and these suggest that a downtrend should come to an end followed by an uptrend.
You would be better believing none of it.
If I’m honest, this is a frustrating article to write because the Forex trading industry has been polluted by “Forex traders” claiming to know how to trade and teach you how to trade…
As we pointed out in 5 Reasons Why Newbie Traders Should Demo Trade, there are many pros to starting your Forex career in the demo trading pits. However, some negative habits and thought processes may carry through when you begin trading real money.
Whenever I get the chance to play video games, I am thrilled. I wasn’t like most kids who had a console to play online and better their skills, whether that be in playing FIFA or Call of Duty – whatever the game was.
I wasn’t any good initially, to the point where all my friends came over to the house for a sleepover, and we ended up playing FIFA (this was my first time in several YEARS)!
Forex Trading? Stock trading? Indices? What’s the difference?
Do they make you money or not? That is the question you should be asking. Whether you’re a forex trader, a stock trader, or a dedicated indices trader, you need to have a green bottom line. I’m writing an article on these different types of trading because recently there’s been a spike in volume in indices, so more people, naturally, are trading them. Should you?
I don’t know about you, but when I started trading the Forex markets back in the day, I BARELY EVER focused on “the PPI”! I couldn’t care less, to be honest, and for a very long time, I never paid attention to this economic news event because I thought it was just something fancy for the traders at the bank.
Many people who are drawn into the allure of the trading world jump straight into the deep end and put their hard-earned money at risk.
If you think about this logically, it doesn’t make much sense. Would you perform heart surgery without any knowledge or practice?
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