Zahir Shah

Every trader should have a trading plan. Some have it, and some might be hearing about it for the first time. Let’s learn some key points with examples that can help you write a trading plan. 1. Force Majeure Certain actions should be prescribed for the trader to take if the Internet, power, or computer […]

You can find the proper remedy only if you know the problem accurately. In forex trading, fear is a strong emotion that can badly impact your trading. Here are five tips to overcome your fear in trading. 1. Trading goals Develop clear trading goals and plans. Strict adherence to planning and discipline enables traders to

Here are a few tips and tricks on how to become successful in forex trading: Trade like a robot Once you have a working strategy, do not fall prey to your emotions. Trade just like a robot and do not change your decisions based on your instinct or greed. Always set parameters for your trading

With $1000 (depending on a particular trading platform), the start of a trading career in the foreign exchange market is possible. After the acquisition of the preferred lot size, a trader can set short and/or long positions in the hope of generating profit. Then again, putting money for a trade hardly comes with a guarantee

Forex Market Hours The Forex market starts with the Sydney session at 5:00 PM EST in Sydney, Australia, while some traders in New Zealand will start trading an hour earlier at their 4:00 PM time. Wellington shuts down at midnight, whereas Sydney stops operating at 1:00 AM. Forex trading in Sydney opens at 5:00 PM

Price action trading is an approach that involves making all your trading decisions based on a simple and easy to understand price chart. This purely means that there should be no lagging indicators used, just a couple of moving averages to indicate dynamic resistance and support areas. Price action is about simplicity. When a trader

Economic theories can describe the long-term prospects for a change in the exchange rate of currencies. Still, in the short run, if you are interested in the dynamics of a day or a week, then economic indicators have a much greater impact. We often hear that the largest companies in the world are actually countries,

What do you think are the best Forex strategies? Are these the most profitable trading systems? Or the simplest? Or maybe the fanciest and modern? How to find the best forex strategy? To make it profitable, simple enough to understand and use, without taking a lot of time to trade? Yes, this is what an

In trading, the price of an asset holds the most importance. There are three main types of price analysis methods. Each method has its own pros and cons. The price of any trading instrument is the first and foremost thing where you pay the most attention. The current price reflects the consensus between buyers and

The first reason that leads to the failure of many traders is the unbridled desire to make fabulous profits and calculate their size while the transaction is still in progress. Professional traders say that you should never think about the amount of potential income. It would help if you focused on managing your losses. Why Traders