Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
If you’re one of the trading savants, who discovers forex trading (by accident or design) and immediately figures it all out, becoming profitable within weeks, whilst building up your small account to a large account, without suffering much in the way of losses and experiencing no drawdown, then look away now, this article will be […]
What are the necessary qualities to succeed in Forex trading? Read More »
Although they’re often classed as “soft data” metrics, sentiment readings are invaluable when attempting to determine the direction of forex currency pairs. Examples of hard data economic calendar results would be: • Unemployment • Inflation • Official economic numbers (manufacturing growth, GDP growth and interest rate decisions) Soft data would be classed as: • Sentiment
What are sentiment readings, and how do they affect our Forex trading? Read More »
It’s one of the most used (overused) tropes, in relation to technical analysis; “technical analysis lags, it can never lead” and in many ways such a claim is absolutely correct. The vast majority (if not all) of the technical analysis indicators we use, plot their path based on what’s happened and not what’s going to
Technical analysis may lag, but it is an important part of Forex Trading Read More »
I conversed with an old trading acquaintance recently, we first met over the internet, discussing trading ideas on a trading forum, back in the early part of this century. Wow, doesn’t that make me sound old? I’m only talking back in 2005, not 1905. Anyhow, the good news is that he’s still trading (successfully) part
The importance of working hard and smart to get to your ultimate trading goal Read More »
In terms of Forex trading we imagine scalping as a process to take a small amount of profit out of the market extremely quickly, whilst risking very little of our account size, on an individual trade. Get the process of scalping right and traders liken the method to stealing candy off a baby, get it
The potentials that you may have from scalping strategy Read More »
It’s inevitable that once you evolve into a highly proficient trader, you’ll look back at your trading history and regret some of the decisions you’ve taken. But as the phrase in the title suggests, you should try to have no regrets, instead concentrate on the lessons you’ve learned during your trading journey. Your meandering route
What you wish you knew about trading when you started out Read More »
Many experienced and by definition successful traders, are fond of referring to the 3 Ms principles of trading and insisting that you embed these principles into the trading plan you create, a working plan that you should never deviate from, other than with micro adjustments, in order to perfect your overall strategy. You’ll read and
What is money management in Forex and why it is so important? Read More »
We are not machines, we’re emotional beings. None of us like to lose, none of us like to fail. Most of us appear to be either programmed through our DNA, or via our evolutionary development, to strive. In simple terms; the majority of us want to achieve, we want to do better, and we want
The importance of controlling your emotions when trading Forex Read More »
After months of effort and much trial and error, you eventually develop and discover an edge, more importantly an edge that works for you. You don’t consider yourself to be a novice trader anymore. You’re also now mature enough to know that you haven’t discovered a fabled holy grail, as you’re wise enough to know
Steps to take when your win-loss ratio begins to reduce Read More »
Many experienced traders would deliver a categoric “yes” as the answer to the question, others may deliberate for a while, before answering, “maybe”. And as is the situation with many questions, when discussing and seeking the answer to such binary/black and white questions, both responses would potentially be correct, in our highly complex world of
