Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
He waits; that’s what he does. And I tell you what: tick followed tock, followed tick, followed tock, followed tick “You probably think the COT report is a Mothercare survey on which cots are best for new born babies” was a humorous but cutting put down I read on a forex trading forum a few […]
He Waits – That's What He Does Read More »
“A Man Is But The Product Of His Thoughts. What he thinks, he becomes.” – Mahatma Gandhi In an earlier article we discussed the ideas behind the concept of choosing a trading strategy to match our personality type. The perceived wisdom is that if you’re an impatient ‘action junkie’ you should trade lower time frames,
A Man Is But The Product Of His Thoughts Read More »
As somehow who actively encourages forex speculation and experimentation (in all it’s forms) it pains me to criticise certain elements that have grown unchecked within our industry. For example I’m deeply suspicious of the benefits of trading rooms, we’ve discussed the issues of lag before; the time taken for the trading room operator to take
The False Promise Of Forex Education Courses Read More »
There’s two diverse opinions on the subject of multiple currency pair trading, do or don’t, yes or no. The principal use and major benefit for engaging in a multi pair trading strategy is to hedge the overall risk, this can be done by observing the currency pair correlations that exist in the market place at
As many readers will know I’m a swing and or position FX trader. I use the “and or” not as an excuse or to hedge my bets (excuse the pun), but to illustrate that I’m comfortable trading off higher time frames looking for set ups that have good potential for a high ROI. I’m also
Choosing Our Forex Trading Strategy To Match Our Trading Personality Read More »
“Avoid having your ego so close to your position, if your position falls, your ego may fall with it.” – Colin Powell Thomas F. Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, “Panic-Proof Investing” and the self-published “The Frustrated Investor.
Forex Position Trading; Learn To Buy Like A Trader, But Hold Like An Investor Read More »
“We hear only those questions for which we are in a position to find answers” – Friedrich Nietzsche. It’s often stated that in our forex community we all eventually gravitate to position trading. Having tried every indicator combo, searched for every pattern on a chart, tried every time frame and method from scalping to swing
We Hear Only Those Questions For Which We Are In A Position To Find Answers Read More »
We left our discussion on the subject of the EUR/USD pair, as luck (or more likely probability) would have it, price aggregated at 13400 during the compilation of the article. I left readers in ‘suspense’ as to which direction price would most likely be headed given the upcoming ECB interest decision scheduled for December 8th
Trading Round Numbers Part 2 Read More »
In a previous article we discussed the concept of being a “level headed trader”, we looked at support, resistance (the three levels thereof) and the daily pivot. There is also another incredibly important level which forex traders must monitor with constant vigilance, we’d term it the “big round numbers” level. Most traders accept that retail
Round Number Trading Read More »
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
