It looks so simple when you see it on a chart; a perfectly drawn trend line, illustrating points on a chart, revealing price continuing to move in a certain direction and trajectory. However, similar to many aspects of the skills we need to develop, in order to become proficient and eventually profitable, drawing trend lines […]
Trend Line Trading Read More »
There are many options novice traders have to consider, when they’re evaluating if trading may be a viable opportunity. Whether we’re considering trading as a hobby, as an attempt to gain a part time income, or if it’s to eventually become a full time occupation, it’s worth creating a list of pros and cons in
The importance of choosing the appropriate trading environment for a retail trader Read More »
Using stops is one of the most secure trading methods we can employ to ensure that the trading risk we take is limited; if price hits our stop, or our take profit limit order, then we’re out, the trade has ended, it’s either profitable, break even, or a loss. One of the benefits with using
The importance of using ‘stops’ in Forex trading at the appropriate times Read More »
As Forex traders it’s essential to keep abreast of all breaking news, and our detailed economic calendar provides the ideal method to ensure you’re aware of what’s upcoming. Through your trading platform you can also programalerts to deliver timely alarms, warning you of upcoming events; perhaps setting a five minute pre-warning that a calendar news
There are times when us analysts and economists sound like broken records, so apologies in advance if this is one of those times. Whenever questioned with regards to the major improvements retail traders can make, in as short as time as possible, many of us will suggest; “do you use MetaTrader 4, if not why
Easing yourself into automation, on the MetaTrader 4 platform Read More »
Many of us are starstruck by traders who we consider to be “market wizards”; individuals gifted by the ‘trading gods’ and touched by genius. It’s not just traders with outstanding returns who catch our attention, it can be cerebral individuals, who add something intangible and ethereal to our understanding of trading, who impress us. Many
Is timing everything, when you’re a trader? Read More »
The natural tendency to experiment, is a crucial part of the overall education process, which novice forex traders need to embrace. Without that inquisitive curiosity, it’s impossible to either develop competency as a trader, or to determine what ‘style’ of trading you prefer. Our experimentation will involve investigating the validity and efficacy of many of
Why Many Forex Traders prefer to trade off the four hour time frame Read More »
Novice traders are continually reminded of the importance and value of creating a trading plan and just as importantly sticking to that plan, once you have full confidence in it. Thereafter, the trading plan you’ve worked on studiously to perfect, should never be abandoned. It should only be fine-tuned, whilst you perfect your overall trading
Thinking like a strategist, your Forex Trading plan Read More »
We constantly recommend that both novice and intermediate level traders bookmark the economic calendar, as in the opinion of many analysts and market economists, it is one of the most valuable trading tools there is. There is little argument, between fundamental analysts and technical Chartists, that and political events move the Forex markets and in
Forex Fundamental analysis: Reading the inflation reports Read More »
One of the common mistakes novice and intermediate level traders endureis painfully cluttering their charts (with just about every indicator ever invented), to then (by accident as much as design), discover what works and more importantly works for them. Once we identify what is working for us, we then embark on a decluttering process eventually
200 Simple Moving Average, a common indicator for traders and analysts Read More »
