Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
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 »
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,
