Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
If ever evidence was needed that forex markets move as a consequence of fundamental news, particularly central bank or higher authority macro economic policy decisions, then events concerning the Eurozone debt crisis over recent months has provided it. The euro is the second largest reserve currency as well as the second most traded currency in […]
The Basics of Fundamental Analysis in Forex Trading Read More »
Indicators, as part of a trader’s overall technical analysis, help to identify: momentum, trends, volatility and other aspects of a forex security’s behaviour empowering traders to make more considered and therefore many more profitable long or short (buy or sell) decisions. Whilst some traders use a single indicator, solely for buy and or sell signals,
The Impact of Leading and Lagging Indicators on Your Forex Trading Read More »
Godwin’s law is a humorous observation made by Mike Godwin that has become an Internet adage. It states: “As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches”. Godwin observed that, given enough time, in any online discussion, regardless of topic or scope, someone inevitably criticises some point made
Beware the Godwin's Law by Proxy When Discussing Indicators in Forex Trading Read More »
We’ve covered the subject of the 3Ms many times – money management, mind and method. The money management aspect of trading, or position sizing was discussed in a recent article on this FXCC blog. Method, otherwise known as the strategy or technique you employ; mechanical, discretionary or a combination of both, will increasingly feature on
Psychology in Forex Trading Read More »
It can be difficult ‘switching off’ from forex trading given that it’s a twenty four hour industry. Fortunately we get to work ‘office hours’, albeit those office hours extend from London – New York – Tokyo, a punishing 18-20 hour office day. But we do have our weekends to recuperate, Friday evening until Sunday evening/Monday
Thinking Like Winners to Win at Trading Read More »
There’s a comedian in the UK called Frank Skinner, he tells a great story of walking through London’s China Town one late summer evening. Amongst all the restaurants he sees a sign in the window of a boarded up shop, the sign is for a new Chinese restaurant, “New Chinese restaurant opening Autumn!!”. He chuckles
The Business of Trading Read More »
There comes a time in every forex trader’s initial development when you’ll eventually consider the option of paying for a trading room membership. The idea usually germinates as a consequence of a trading lull; you may be looking for a new direction having lost your way, or in need of company and given the isolation
Forex Trading Rooms and The Double Jeopardy Issue of Latency Read More »
There comes a time, early on in the fledgling career of most forex traders, when thoughts will eventually turn to automation. The trader will have a ‘Eureka’ moment which generally manifests after the trader has internet ‘chatter’ with other traders with regards to using robots or EAs in order to automate trading. On first inspection
Flying Auto Pilot – Choosing to Use Expert Advisors (EAs) to Trade on Meta Trader Read More »
When you take the first steps onto the trading ladder you could be forgiven for believing it’s a very straight forward process; open an account>trade>make money>learn>make a few mistakes>trade>make money>learn>make a few mistakes…one thing most traders can agree on is that trading is not what we expected it would be at the outset of our
Thirty Eight Steps on the Snakes and Ladders of Trading Success Read More »
I can't lift heavy weights anymore, actually that needs re-phrasing, I could, but I've made the conscious choice not to. Once I passed forty I gradually came to the realisation and took the decision that any potential ongoing damage to my body was not worth the continued effort. What seemed like permanent back strain just
Ganbatte – Nana Korobi Ya Oki Read More »
