According to various recent data sources, the average profile of a private (retail) forex trader is similar to that published by both the ECB and Citigroup in 2014. They cited that traders are predominantly male and have a median age of thirty five. There were approximately four million traders spread across the globe, according to […]
Understanding the idea of Forex Trading Read More »
Forex brokers should take their responsibilities seriously, that’s why most go to careful lengths to explain the process and the overall risks involved with trading to their customers. In fact the message and narrative regarding risk is often that harsh and stark you’d be forgiven for thinking that brokers are attempting to put potential clients
Understanding the risk warning and identifying the risks Read More »
Many of us (of a certain age) were big fans of Star Trek, the original series with William Shatner playing James T. Kirk. As kids we were mesmerised by the phaser and the communicator gadgets. The most memorable message delivered into the communicator by Kirk and his trusty officers; “beam me up Scotty” has entered
Using mobile Technology to aid our Trading Read More »
The word “Renaissance” means rebirth in French. The Renaissance was a period in European history, from the 14th to the 17th century, regarded as the cultural bridge between the Middle Ages and modern history. That bridge; between a bygone age and the modern history currently being shaped around us, is a highly relevant subject in
What Renaissance Technologies can teach the retail Forex Trader Read More »
The efficacy of technical analysis has been disputed for decades, long before the invention of many of the modern day technical indicators we’re now familiar with. Whilst arguments have raged offline, long before tens of thousands of threads were created on online forums; some against, some for the use of indicators and pattern based methods
The Fundamentals involved in Trading Fundamentals Read More »
OK, so most of us forex traders know what candlesticks are and what they’re supposed to represent on our charts. We’ll avoid the history lesson, by delivering this quick synopsis and reminder of the basic candlestick body and shadow meaning. Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma,
A Candlestick refresher Course, looking for price action Read More »
The 3 Ms of trading is a phenomenon often referred to when discussing trading; mind, method and money-management have become the accepted terms by which we define the disciplines involved in trading. Method is generally defined as the trading strategy we’ve created; the currency pairs we trade, the time frames, the analysis underpinning our decisions
The psychology involved in Forex Trading Read More »
Retail trading from home can be a lonely activity. Let’s be honest, even if you’re incredibly successful, your spouse and nearest and dearest won’t be that interested in the mechanics involved in trading, beyond the profits. Trying to hold a conversation involving a discussion on: spreads, indicators, technical and fundamental analysis, coding your MetaTrader platform,
The life of a Forex Trader Read More »
Of all the: terms, patterns, indicators and tools used in trading, the word, allure and concept of “Fibonacci” stands out as the most mysterious and evocative. It’s legendary use in mathematical calculus, lends it an authority not associated with the modern, most commonly used chart indicators, such as the: MACD, RSI, PSAR, DMI etc. It
Fibonacciand its Application to Forex Trading Read More »
We love to experiment as traders, if we didn’t have that capacity for intellectual curiosity and experimentation, then it’s highly unlikely we’d discover markets to invest in, or trade forex. Naturally, as part of our voyage of discovery, we begin to play around with all the component parts that make up what we’d describe as
The Heikin Ashi candlestick and its purpose in Forex trading Read More »
