Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Perhaps the major news event to get currency traders excited is still ‘NFP day’. When non farm pay roll day comes around each month there’s plenty of forex column inches and opinion enticing you to; “step right up Sir, spin the wheel, try your luck and win a prize for the lucky lady..” Amongst the […]
Playing The NFP Game Like A Winner Read More »
The World Is Not Dangerous Because Of Those Who Do Harm, But Because Of Those Who Look At It Without Doing Anything – Albert Einstein Whilst all eyes are focused on Greece and the wider Eurozone issues the World Bank has warned of a probable slump in global economic growth and urged developing countries to
Things Albert Said Read More »
When you have relaxed conversations with many traders you'll find the shared experiences invaluable. Whilst sharing thoughts on; brokers, economic sentiment, strategies etc. is fascinating, one of the most intriguing aspects is how we overcame the barriers we faced on our journey towards proficiency and profitability. Some of these barriers are incredibly difficult to overcome,
Trade What You ‘See’, Not What You Think, Here-Say Is Heresy To FX Traders.. Most traders are familiar with the phrase “trade what you see not what you think”, it’s of particular relevance to technical chart traders who wait for market sentiment and the reaction to news events to eventually ‘bleed’ onto charts. However, like
Trade What You See, Not What You Think Read More »
Occasionally you’ll get a ‘heads up’ in the form of a fascinating document sent to you by contacts in the industry. Some really are eye-openers, others are ‘slap on the forehead’ “why didn’t I see that?” obvious… Positioned somewhere in the middle of those two descriptions is a document called the forex cheat sheet. The
Sshhh – It's Time To Discuss The Forex Cheat Sheet Read More »
There’s a few fascinating quotations of ‘trader folklore’ that have stood the most testing of times, one of the most prevalent is that only 5-10% of self employed traders are profitable. This supposed firm ‘fact’ is one of the most common misconceptions within the trading community, yet it’s held steadfast as a convicted belief for
Becoming The Forex Trader We Want To Be And Becoming It Now Read More »
Once you’ve been in the ‘trading game’ for a number of years you observe trading fads come and go; dark-siding was all the rage a couple of years back, presumably you needed to be a Sith Lord or Jedi Knight to make it work. Apparently price action is the only way to trade, and if
Indicators Will Never Work Except When They Do, Which Is All The Time Read More »
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 »
