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Jun 10, 20 •
1416 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Trading Mistakes newbies Make in Forex and How to Avoid them
The forex market is the largest and most affordable financial market in the world. But, despite the vast number of forex traders, only a few manage to become truly successful. It is estimated that 80% of the traders quit forex trading within the first few...
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Jun 8, 20 •
1728 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Debunking the Myths of Forex
“So many men, so many opinions.” This saying goes well with the forex market as many people have different opinions about it. Some even perceive the ideas that are not right about the forex market and have become myths. These myths...
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Jun 6, 20 •
3523 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on How Does Japanese Candlesticks Work in Forex?
Ahh, the good ‘old Japanese candlesticks. They are the most popular form of charting. Invented in the 17th century by the Japanese rice merchant Munehisa Homma to conveniently display the beginning (opening price), and the end of the price (closing...
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Jun 4, 20 •
2940 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on What are the personality traits of successful Forex traders?
How personality traits effect trader performance has been a longstanding discussion point within the trading community, since the birth of the industry. Moreover, because certain personality traits can evolve and develop as we mature, the traits we require in...
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Jun 3, 20 •
1865 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The power and simplicity of using moving averages for trading Forex
Lighting up our trading charts with a multitude of indicators and information, to resemble the Xmas tree most of us have been busy taking down to put back in its box until next year, or recycle, is a natural trading phenomena. It’s a rights of passage that...
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Jun 2, 20 •
2429 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Discovering the critical success factors needed when trading Forex
Chasing the elusive holy grail of trading is a thankless task. It doesn’t take too much time for novice traders to discover that there is no magic elixir, there’s no bullet proof trading strategy that delivers a 100% success rate. However, novice traders...
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Jun 1, 20 •
4268 Views •
Forex Indicators •
Zahir Shah
Comments Off on Top Forex Indicators and What They Mean
Forex is one of the most volatile markets today, but that doesn’t mean that the system is completely unpredictable. In fact, Forex traders make good use of indicators, providing them with near-accurate guidelines on how to proceed with each trade in order...
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Apr 8, 19 •
2070 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen rises in Sydney-Asian trading sessions, as current account balance improves, euro trades in narrow range as German data misses forecasts, oil spikes due to Libyan crisis
During the early hours trading sessions, Japan’s yen rose versus the majority of its peers as the latest current account balance figures rose, the latest trade balance reading fell, whilst consumer confidence and the Eco Watchers survey readings, also fell...
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Apr 8, 19 •
2168 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on FX traders will focus on U.K. GDP, FOMC minutes, ECB interest rate decision, USA CPI and Chinese data, during a busy and pivotal week for economic calendar events
The economic calendar week begins on Monday with the latest data from Germany covering: export, imports, the current account and trade balance. The latest export and import data will be closely monitored due to Germany’s latest disappointing economic data,...
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Apr 5, 19 •
4751 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Focus turns to USA employment and unemployment data on Friday, as the latest NFP data is published, optimism rises over China-USA trade deal
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the...