Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Price action is one of the most charismatic and enigmatic definitions to describe a mechanism for trading the markets, particularly the forex market. Whilst many traders and ‘price action aficionados’ may disagree on the interpretation of the ‘raw’ data generated off the vanilla charts they will agree that price action is their only preferred method […]
The Price Actionistas Read More »
I recently exchanged e-mails with a fledgling FX trader who was concerned with his “lack of focus”. He felt that his mind drifted from subject to subject and he often found himself “aimlessly wandering around the internet” and not focusing on the job in hand. He wondered whether he suffered from some form of attention
Being Mentally Fit and Focused When Trading FX Read More »
There are many Japanese candlestick purists who will dismiss Heikin-Ashi candles as being; too simplistic, misleading and in some cases amateurish. The most common complaint is that HA lags in a direct comparison with Japanese candles and that lag causes late entry when looking for price action. The counter argument would be that similar to
Once you’ve traded for some time you’ll have a library of trading anecdotes, some are personal, some are second hand or third party. Whilst supporting my youngest Son playing football at a tournament this summer I got into conversation with another Dad. It’s not ignorance on my part but I rarely ask other parents (or
Why Trading Against the Trend is like Picking Up Pennies in Front of a Steam-Roller Read More »
The process of dismantling the last remaining B53 bomb in the USA stockpile commenced on 25 October 2011 and was completed soon afterwards. The Mk/B-53 was a high-yield bunker buster thermonuclear weapon developed by the United States during the Cold War. With a yield of 9 megatons of TNT it was the most powerful weapon
The B53 is the USA economy Read More »
As with many subjects in trading one article could not possibly cover all the intricacies involved, the subject of candlestick charting in trading is one such vast and complex subject. What will follow will be a brief history of the origins of candlesticks in trading, a listing of the key candlestick formations (and their interpretation)
Candles in the wind, a brief introduction to candlestick trading methods Read More »
What’s meant by high probability trading differs from trader to trader. If someone asked you to explain what you understand as “high probability trading” what would be your answer? For most traders the obvious answer would be; “only taking trades that have a high probable chance of success”. When taking that answer a stage further
High Probability Forex Trading Read More »
Whilst a stopped clock is right twice a day that’s a luxury we never experience when forex trading. There are many personal events that shape your evolution as a forex trader and there’ll be many intense moments that can induce a form of shock therapy indirectly leading to a steep acceleration of your learning curve.
Letting That Bad Forex Trade Go By Leaving Ego Out Of The Equation Read More »
If ever evidence was needed that forex markets move as a consequence of fundamental news, particularly central bank or higher authority macro economic policy decisions, then events concerning the Eurozone debt crisis over recent months has provided it. The euro is the second largest reserve currency as well as the second most traded currency in
The Basics of Fundamental Analysis in Forex Trading Read More »
Indicators, as part of a trader’s overall technical analysis, help to identify: momentum, trends, volatility and other aspects of a forex security’s behaviour empowering traders to make more considered and therefore many more profitable long or short (buy or sell) decisions. Whilst some traders use a single indicator, solely for buy and or sell signals,
The Impact of Leading and Lagging Indicators on Your Forex Trading Read More »
