Forex Trading and Miscellaneous

There are an infinitesimal amount of methods which you can use to technically analyse the FX markets. You can concentrate on one specific time-frame and use a multitude of technical indicators and candlestick price-action, in an attempt to gauge the direction of price. Alternatively, you could use a stripped-down minimalist technique with very few technical […]

You can exercise control and self control when trading, two concepts which will have a tremendous impact on the progress you make as a forex trader. Using the various controls you have to trade will ultimately determine your success. It would be delusional to believe you can control market behaviour, similarly it would be fantasy

When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would agree are essential to be embedded in the plan. The trading-plan should be so

When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would agree are essential to be embedded in the plan. The trading-plan should be so

As you get older you should get wiser, you also begin to realise that some key phrases you heard when you were younger can apply to any job, hobby or passion you’re involved in. These phrases can also also apply to life in general. “The secret of success is hard work, when the going gets

It’s impossible to completely eliminate stress and anxiety from all aspects of your life. We’re constantly reminded that certain stresses are good for us. The general quotes regarding positive forms of stress we witness constantly regurgitated in the mainstream media, will involve claims that some forms of stress can actually motivate us to achieve targets,

Many trading mentors are fond of reciting the mantra of the three Ms of trading; Mind, Method and Money-Management. Experienced mentors will offer up opinions as to how you should rank these critical success factors. Some will suggest all three rank equally, others will suggest that without an edge and strategy the other two factors

There are many self-fulfilling prophecies involved in trading, these phenomena are especially relevant to any forms of technical analysis. Traders have a tendency to over-complicate technical trading analysis, they also have a habit of joining up dots that are, for the most part, totally meaningless. Seeing patterns which are irrelevant, have no value and that

Ensure that you document the precise entry point for every trade you take. Record how close to the quote your trades are filled, whether or not you experience any slippage and how consistent the spreads are during various times of the session, or during times when high impact calendar data is published and when outlier

FX analysts and traders will scrutinise the latest Q2 annualised GDP data for the USA economy when it’s published at 13:30pm U.K. time on Friday afternoon. The expectation is for the figure for Q2 to come in at 1.8% falling from 3.2% in Q1. If the forecast is met equity markets in the USA and