Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
The usual question relating to using a demo account normally consists of how long to remain in demo account before moving up to trading the real market with real money. However, there are overlooked benefits of using demo accounts over and above that one dimensional question and the fact that many experienced and profitable forex […]
The word "drawdown" is one, (if not the most), negative words used in the trading industry. Despite the inevitability of us experiencing drawdowns during our trading career its symmetric relationship with the words "failure" and "loss" make it a difficult concept to contend with. It not only 'hurts' the trader's account, but also inflicts psychological
Be Quick on the Draw in Order to Draw a Line Under Your Drawdown Read More »
As Forex traders we have to come to terms with the elements of trading that are completely out of our control. In order to progress we have to accept, (even begin to embrace), that lack of control very early on in our personal trading evolution. Price is obviously the most prominent trading factor bar none
The Mathematics of Money Management in Forex Trading Read More »
I had an interesting experience recently, I shared my computer screens with a contact during a 'web ex' meeting and demonstration. If you're not familiar with this type of on line demonstration it's fascinating; you join an online meeting were you share the information displayed on the screen/s and if you give your permission the
Traders, You Have to Go There to Come Back Read More »
[quote]It’s a race, it’s a chase, hurry up and feed their face! Who will win? No one knows! Feed the hungry hip-ip-pos! Hungry hungry hippos! (open up and there it goes!)[/quote] With the advent of web sites such as the original friends re-united website and lately Facebook it's become relatively straightforward to track down many
Hungry Hippos and Quantitative Easing Read More »
The famed analyst and market technician Robert Prechter came across Ralph Elliott's work while working as a market technician at the investment bank Merrill Lynch. His prominence as a forecaster, during the bull market of the 1980s, brought the greatest exposure to Elliott's work. Prechter remains the most widely known Elliott analyst. Robert Prechter is
Elliot Wave Theory and the Madness of Crowds Read More »
A friend of mine is a director of a leading UK spread betting firm. He has every right to be incredibly proud of his and his company's achievements over the past two decades. That industry has also made massive strides to improve its quality of service and moreover the basic cost of doing business –
Spread the Word, Headline Forex Spreads can be Misleading Read More »
Like followers of religious cults there are traders and analysts utterly devoted to their views on certain indicators or patterns. There is one 'indicator' that, irrespective of its proficiency, manages to capture your imagination far more than those invented in the late twentieth century by esteemed mathematicians and statisticians. This indicator pre dates, by some
Voodoo or Juju? The Mystical Nature of Fibonacci Read More »
Schadenfreude can be described as deriving pleasure from the misfortune of others. This German word has no real direct comparison or translation in the English language. We could extend this word and it's meaning to trading. As traders we fully accept that, to all intents and purposes, our industry and profession is a 'zero sum
How economic literate are you? Some twenty years back as a bit of pre work 'fun', I set a small team of salesmen I was managing a pre work test. As with all our Wednesday sessions there was a prize at stake which always ensured a competitive edge to the quiz. The test had ten
Making Sure You Muse on Forex News Read More »
