The Magic of Forex Technical Analysis
Technical analysis is the study of the financial markets, which involves the analysis of what has happened in the past. Based on market (past) charts, the investor tries to determine what will happen in the future. The analyst, tries to spot some recurring patterns in the past and use the knowledge of these patterns and apply them in the current market. This tool is one of the most basic and vital tools for just about any trader.What Is A Forex Trading Journal And How It Can Help You Succeed
Creating a Forex Trading Journal, means to list all your positions in the forex market and their criteria. With this method, you will not simply lose your money but instead you will learn from your mistakes. We strongly recommend that you use a trading journal in your forex trading, especially if you feel that you’re still in the "acquisition experience trader" phase.How to Practice The Art of Forex Scalping
There are many ways to trade forex, depending on the time horizon. One of these ways is scalping, which involves taking multiple positions within a very short timeframe. Scalping involves a high level of adrenaline and the opportunity to make significant and rapid profits. However, beginners should not be allowed to play, and even consider Scalping as a possible goal, unless they have obtained the necessary skills and experience.The Qualities Of A Successful Forex Trader
Knowing what novice traders lack with regards to trading skills is very useful, but it can be even more interesting to know the common qualities forex traders who actually succeeds on the market! Let us analyze what are those qualities that actually make a trader successful and differentiate him from the others.How to Choose a Forex Trader to Copy
Social Forex trading has become a growing phenomenon, with several brokers offering the opportunity to copy successful traders. This makes it easier to earn Forex profits, but traders still need to keep some tips in mind.The Top 3 Myths About Forex Scalping
Emotions often override sound judgment when a trader is looking for a way to generate large profits instantly. When reviewing various forex trading processes, a trader must overcome his preconceived notions and approach the selection process with a spirit of detachment.The Importance Of Focus In Strengthening Your Forex Trading Strategies
Having excellent forex trading strategies can help you get ahead of the game in forex trading. This will be your best tool to success in every trade call you decide on. Additionally, you need to understand that the strategies you use do not always need to be too technical to be effective.Liquidity and Randomness – Best Friends for Life!
‘Best Friends for Life’ – Isn’t this a little cheesy for an article which focuses on helping people understand the mysteries of the Forex markets? I agree, it is but I just couldn’t find a more holistic phrase to express this relationship.Tips On How To Improve Your Forex Trading Income
If you are forex trading and failing, but you are not making any money, you should try your best to learn why you are failing. If you are not the type who can handle the disappointment of losing money, you should not trade forex.Helpful Forex Pointers for Beginners
Trading without correct planning can be devastating to your bank account. If you don’t have a plan, it is not remote that you will be trading using your emotions. Once you’ve got a trading strategy, test it to ascertain if it works in a consistent manner and if it offers you an advantage.2 Ways to Improve Forex Demo Trading
Beginner forex traders are advised to trade through a demo account first before risking real money on a live trading account. Here are a couple of ways on how to make the most out of your demo trading practice.Forex Trading Coaches Review
The forex-trading-coaches cut to the chase. No time is wasted – they give you the facts, figures, and steps to follow. Honesty and value for money is written all over their homepage. Wade Scott and Steve Cook are the Co-founders and Analysts of forex-trading-coaches. They have been developers, traders and coaches since 2004. They developed the MACD 3 day/swing trading system by using their skills obtained in trading in all market conditions conceivable. This system has been proven highly reliable over a long period of time.