Forex Trading and Miscellaneous

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 concept of forex hedging is primarily used by corporations to hedge their exposure to foreign exchange currency fluctuations, manufacturers and exporters are generally considered to be the most frequent users of hedging. The corporate world is not necessarily looking to profit from the currency forex transaction, more likely they’re looking to ensure that the

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

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

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

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

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

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

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