Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
“We hear only those questions for which we are in a position to find answers” – Friedrich Nietzsche. It’s often stated that in our forex community we all eventually gravitate to position trading. Having tried every indicator combo, searched for every pattern on a chart, tried every time frame and method from scalping to swing […]
We Hear Only Those Questions For Which We Are In A Position To Find Answers Read More »
We left our discussion on the subject of the EUR/USD pair, as luck (or more likely probability) would have it, price aggregated at 13400 during the compilation of the article. I left readers in ‘suspense’ as to which direction price would most likely be headed given the upcoming ECB interest decision scheduled for December 8th
Trading Round Numbers Part 2 Read More »
In a previous article we discussed the concept of being a “level headed trader”, we looked at support, resistance (the three levels thereof) and the daily pivot. There is also another incredibly important level which forex traders must monitor with constant vigilance, we’d term it the “big round numbers” level. Most traders accept that retail
Round Number Trading Read More »
It's accepted wisdom within our forex trading community that in order to become successful and consistently profitable forex traders need to completely re-configure their 'personal hard-drive'. As part of this de-fragging exercise traders need to dramatically reorganise both their belief and their reward systems. Retail traders will arrive at trading from diverse occupations, the likelihood
'An unfortunate thing about this world is that the good habits are much easier to give up than the bad ones…" We published a frank admission by our losing trader earlier in the week. If readers recall the admission dated back to 2006 and revealed all the deadly 'trading sins' our trader had committed. So
I'm a Loser Baby Part 2 Read More »
In the late 1980s and early 1990s, Beck was a homeless musician in New York City. He returned to his hometown of Los Angeles in 1991 due to financial struggles. Described by his biographer Julian Palacios as having "no opportunities whatsoever", Beck worked low-wage jobs to survive, but still found time to perform his songs
Soy Un Perdidor, I'm A Loser Baby Read More »
“Anyone can see an entry, the real skill is exits and over a lifetime of trading you’ll never get them right and you’ll never be 100% happy with them..” Many traders reach a ‘paralysis’ stage in their trading, they feel and honestly believe they’re doing everything correctly; their psyche is sound, they’re only risking 1%
Every Exit Is An Entry Somewhere Else Read More »
The perceived wisdom within our forex trading community, is that markets range 70-80% of time. It’s therefore essential that FX traders easily identify ranging markets and learn to either take advantage of this phenomena or (if a swing/trend trader) avoid these conditions and costly mistakes resulting in giving back to the market in periods of price consolidation.
Don't Get Stuck In A Rut When Trading Ranges Read More »
At an early stage in their development FX traders will confront an important issue; whether to trend trade or range trade? Trend or range trading are two distinct methods requiring opposite mindsets and money-management techniques. The FX market accommodates both styles, providing trend and range traders with opportunities for profit. Tom Basso, in the book
Are You At Home On The Range Or Swinging With The Trend? Read More »
As forex traders we're self conditioned to make trading decisions and ultimately take our forex trades based on two key principles, fundamental and technical analysis. The first principle, fundamental analysis, is (on the face of it) straightforward. FA requires very little depth of thought after a brief period of experience; if the news gets any
Are We Being Fooled By The Randomness Of Forex Markets When Chaos Theory Exists? Read More »
