Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Can anyone recall the first time they were introduced to technical analysis, did it feel like a Eureka moment, the sudden discovery that something happens when certain ‘numbers’ or horizontal lines on a chart are reached? Occasionally it’s worth reverting back to those sunnier more innocent days, particularly if, as many of us do from […]
All You Need To Trade FX Is A Couple Of Lines On A Chart Read More »
I’ve discussed the subject of stops before, as part of the money management technique, in a trader’s overall business plan, stops are an essential ingredient. Fact; the second you trade without stops is the same second you’ve compromised the money management aspect of your trading plan. How can any trader be risking a defined percentage
Either Use Stops When Forex Trading Or Give The Market A Signed Blank Cheque Read More »
There’s an old adage that I’m reminded of at the turn of each year; “Many people look forward to the New Year for a new start of their old habits”. I’m also quite fond of this phrase; “I make no resolutions for the New Year. The habit of; making plans, of criticising, sanctioning and moulding
Keep Your Glass Half A Percent Full To Reach Your New Year's Forex Goal Read More »
In the first part of this two-part article, we discussed the entity that is the COT report. In this second part we’ll discuss how to put the report to best use when looking to trend and or position trade forex trades. The COT (commitment of traders) report is a weekly publication, therefore logically it’s of
Climbing Out Of The COT Report And Beginning To Walk As A Forex Trader Read More »
He waits; that’s what he does. And I tell you what: tick followed tock, followed tick, followed tock, followed tick “You probably think the COT report is a Mothercare survey on which cots are best for new born babies” was a humorous but cutting put down I read on a forex trading forum a few
He Waits – That's What He Does Read More »
“A Man Is But The Product Of His Thoughts. What he thinks, he becomes.” – Mahatma Gandhi In an earlier article we discussed the ideas behind the concept of choosing a trading strategy to match our personality type. The perceived wisdom is that if you’re an impatient ‘action junkie’ you should trade lower time frames,
A Man Is But The Product Of His Thoughts Read More »
As somehow who actively encourages forex speculation and experimentation (in all it’s forms) it pains me to criticise certain elements that have grown unchecked within our industry. For example I’m deeply suspicious of the benefits of trading rooms, we’ve discussed the issues of lag before; the time taken for the trading room operator to take
The False Promise Of Forex Education Courses Read More »
There’s two diverse opinions on the subject of multiple currency pair trading, do or don’t, yes or no. The principal use and major benefit for engaging in a multi pair trading strategy is to hedge the overall risk, this can be done by observing the currency pair correlations that exist in the market place at
As many readers will know I’m a swing and or position FX trader. I use the “and or” not as an excuse or to hedge my bets (excuse the pun), but to illustrate that I’m comfortable trading off higher time frames looking for set ups that have good potential for a high ROI. I’m also
Choosing Our Forex Trading Strategy To Match Our Trading Personality Read More »
“Avoid having your ego so close to your position, if your position falls, your ego may fall with it.” – Colin Powell Thomas F. Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, “Panic-Proof Investing” and the self-published “The Frustrated Investor.
Forex Position Trading; Learn To Buy Like A Trader, But Hold Like An Investor Read More »
