Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
I recently conversed with a trading chum I’d lost touch with, we met on a trading forum approximately seven years back. He’s still quite active on the forum, I tend to avoid forums for many reasons, but don’t let me put you off posting on forums, or reading them. If you have the patience and […]
Can entering one trade in the market at any given time secure the rewards? Read More »
It’s a verbal trope and insult that’s been handed down as folklore for years; “those who can do, those who can’t teach”. However, as a lazy stereotype it’s incorrect and falls down at the first challenge. If anyone should offer you their services to either coach you as a trader, or to help improve your
Forex Trading Coach Read More »
Most of us will know the phrase by now; “the trend is you friend, until it bends at the end.” We’re constantly encouraged, via: forums, articles, ebooks and our trading contacts, to identify the trend in the market place and to act upon it; “don’t trade against the trend, try to avoid taking trades near
Understand trends in Forex Trading Read More »
You may be approaching your first year anniversary as a trader, you’ll have no doubt experienced many highs and lows, you’ll have lost money and gained money and you’ll have wasted time and spent many hours, days and at times weeks chasing down blind alleys. But you may be surprised at just how much you’ve
How much you can learn within the first year of trading can be quite surprising Read More »
It’s a very useful exercise to take some time out occasionally, in order to remember just how you badly you traded, when you first discovered Forex retail trading. Not only should it provide an indication of just how far you’ve travelled on your journey, how much your trading and self has developed over the years,
Novice Traders and retail Forex Read More »
The definition of the words and the concept of oversold and overbought, are straightforward to understand. A security, such as a Forex currency pair, is generally considered to have fallen into this category if certain indicators, for example; the RSI (relative strength index), has entered an oversold, or overbought area. This is generally indicated by
Oversold and overbought as the two essential observations for successful Forex trading Read More »
The best policy when advising clients on how to enjoy a successful part or full time trading career is by being honest. Facing up to the reality; that squeezing profit out of the forex market on a consistent basis, is a difficult proposition, is essential to our personal trader growth. Without being grounded and developing
The importance of developing realistic targets and proper mindset for forex Trading Read More »
We all like certainty in our trading, in fact we crave it. In many ways it is a part of what’s often termed the “Holy Grail” of trading, that we all search for. The Holy Grail isn’t a perfect trading strategy and method that wins 100% of the time, it’s an overall trading plan with
The importance of using take profit limit order when trading Forex Read More »
KISS; “Keep It Simple Stupid”, is a phrase many of us are familiar with, often the simplest solution is the most efficient and effective. As we’ve suggested in previous articles; novice traders always appear to regard trading as a difficult exercise, one in which we feel compelled to expel: blood, sweat and tears, in order
Why a KISS approach is often the best strategy when trading Forex Read More »
The choice of time frame to trade off can be a highly contentious issue; many experienced and by definition successful traders, will point out the efficacy of the daily time frame, suggesting that it is the only time frame worth considering trading off. On the basis that the majority of the technical indicators pre dated
