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 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 »
A single euro coin has eight sides; heads, tails, edge side, outside, inside, top side, bottom side and inner wall. We often use popular phrases such as “there’s two sides to every coin”, or “there’s two sides to every story” and accept without question these statements as received wisdom. Issues and problems have more than
Cognitive Pattern Recognition in FX Trading Read More »
Earlier this year I was invited by an industry contact to give a brief video presentation on trading. I thought long and hard with regards to the invitation, not the doing, that went without saying as I felt I owed the broker firm some help given the support and encouragement I’d experienced from the company
First Survive And Then Thrive Read More »
Many successful traders share consistent habits, one deeply ingrained habit will be thorough backtesting of their trading strategies. Backtesting your trading strategy can never guarantee profitability, but as with many of the themes we cover as part of our trader education series, backtesting is an essential part of any professional trader’s armoury. In this article
Take A Step In The Right Direction With Your Back-Testing Read More »
So what are we 'selling or buying' in our forex markets? The answer is "nothing" our retail FX market is purely a speculative market. No physical exchange of currencies ever takes place. All trades exist simply as computer entries and are netted out depending on market price. The banks provide the liquidity we trade that
Why Only Trading The Major FX Pairs And Commodity Price Pairs Makes Perfect Sense Read More »
Please accept my apologies in advance for altering a lyric of "You'll Never Walk Alone" a show tune from the 1945 Rodgers and Hammerstein musical Carousel. In the musical, Nettie Fowler, the cousin of the female protagonist Julie Jordan, sings "You'll Never Walk Alone" to comfort Julie when her husband, Billy Bigelow, the male lead,
Faced with a vast array of markets and securities to trade it's small wonder that retail traders often ask why they should specialise in forex and not equities, futures, or commodities? What are the major benefits to trading forex over and above trading other markets? What has underpinned the massive growth in the retail forex
So I was at my circuit training class on Monday and during the warm up (a few laps around the gym and some stretching) I got talking to a guy I hadn’t seen for a while. Last time we spoke he was looking for a new direction. Having been an accountant he felt he’d become
If I Knew Then What I (Think) I Know Now Read More »
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 »
