In this post I will discuss the importance of having good forex discipline and psychology. I will cover how these are major factors in your journey to becoming a successful forex trader and what you can do to ensure that you have good forex discipline and psychology. I will look ..Read More
In this post I will be giving a brief introduction to forex technical analysis by explaining what exactly it is and how you can start successfully applying technical analysis to your forex trading. Whilst technical analysis can be a good thing to have in your trading arsenal, it should only ..Read More
In this post I will be giving a brief overview of the basic Forex Money Management principles and how they can affect your forex trading. I will touch upon some of the most important aspects and compare the different types of Forex Money Management strategies to try and help you ..Read More
In this post I will be giving a layman’s explanation of Forex Leverage and Forex Margin to help you understand what they are and the potential risks involved. It is extremely important that you have a clear understanding of both Forex Leverage and Forex Margin before you start trading. I ..Read More
In this post I will be explaining what forex spreads are and why they are an important factor to consider before trading the forex market. Forex spreads can be the difference between a profitable and non-profitable forex trading strategy, especially when using a forex scalping system. Before placing a trade, ..Read More
Forex Basket trading refers to a concept of buying or selling a large number of currency pairs simultaneously. It is a trading strategy that can be commonly used by institutional traders to hold positions in specific sectors and to diversify portfolios. The strategy gets its name “basket” because a trader ..Read More
Candlestick charts are a graphical representation of price patterns. A Japanese man Homa discovered candlesticks in the 1700s while studying the supply and demand of rice prices. Today they are commonly used for trading forex online. A candlestick is composed of three parts; the upper shadow, lower shadow and body. ..Read More
The term “Harmonic” applies in many sectors like physics, music, acoustics, and power. In currency markets, the Harmonic Patterns describe that trends are harmonic in nature, meaning they can be divided into smaller or larger waves to predict the overall trend. Harmonic patterns are chart patterns that form part of ..Read More
What is an ECN forex broker? An ECN forex broker is an expert who uses electronic communications networks (ECNs) to provide its forex trading clients direct access to other participants in the currency markets. Because an ECN forex broker consolidates price quotations from several market participants, it can generally offer ..Read More
Naked forex trading is defined as trading without the help of indicators. It can also be called price action trading. Naked trading can be considered a type of technical analysis because it is the only information a trader has at his/her disposal. In forex, traders commonly use indicators to measure ..Read More