Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
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 »
Love them or hate them, if used effectively and correctly trailing stops can be a very valuable trade management tool, particularly for swing or position traders, intraday forex traders can also enjoy many of the benefits. Perhaps the biggest ‘mistake’ new users to the phenomena of trailing stops make is putting their trailing stops too
The Rocky Trail Of Trailing Stops Can Help To Lock In Your Forex Profits Read More »
An old friend of mine used to teach scuba diving, he often remarked that many of his new divers had already been on the basic learner PADI course, PADI = Professional Association of Diving Instructors, he joked that he offered a different course, the STFUADI course. The last three letters of the acronym were “and,
Forex Trading Is Chess Boxing Read More »
The use of chart pattern recognition as the ‘method’ part of a trader’s overall edge contained in a trading plan can be a heated and subjective discussion amongst many in the trading community. Pattern recognition can be viewed as far too random and imprecise in order to make considered and calculated entry and exit decisions.
Forex Chart Patterns Leading To Increased Probabilities Read More »
