Forex Trading and Miscellaneous

Us FX traders are naturally impatient individuals. We want to engage with the forex market, execute our market orders and hopefully bank profit as soon as possible. This enthusiasm must be controlled and channelled constructively. We must develop the patience to succeed in the retail trading complex. If we don’t, we can self-sabotage our potential […]

As human beings, we crave order and need routines; we want to conform to norms and work in structured environments. Discipline and success are inextricably linked, and FX trading illustrates these requirements more than many other ventures. Whether in work, sports, or stepping outside the convention to become an entrepreneur, you’re reducing your odds of

You might recognise this scenario. Suddenly, your previously profitable forex trading strategy and method stop working; it’s no longer the great combination you discovered. You did the right things. You tested your theories and ideas out in demo trading, and you developed an edge with positive expectancy. You then moved up to a live trading

Judge your forex broker using specific criteria before opening a live trading account with them. Brokers you consider trading with should uphold exacting standards. They must be non-dealing desk (NDD), they must route your orders to market without interference using a straight-through process (STP), and orders must get routed into an electronic communication network (ECN).

When we consider opening an FX trading account with European forex brokers, we see prominent banners on their websites revealing the current loss rate of traders who buy and sell CFDs (contracts for difference). These are financial health-warnings similar to what you see on packets of cigarettes, well FX trading won’t give you cancer or

There are three absolute musts for choosing which FX broker to trade with online. The broker must be NDD (no dealing desk). They must place your trades into an ECN (electronic communication network). They must provide STP (straight-through processing). These standards should be the benchmark by which you judge all forex brokers. We could add

Forex trading can feel haphazard and chaotic at times. You can quickly eliminate these potential negative influences by exercising both self-control and trading control wherever and whenever you can. You can achieve this objective by applying a basic system of rules to your decisions. As individuals, we crave security, certainty, routine and control in many

When you initially discover forex trading charts, you’ll see candlesticks as the default setting on various timeframes. Candlesticks are classed as the gold standard of price display when you trade markets. When you trade FX, you need a method to illustrate what price is doing, has done and where it might be headed, and it

There are four primary trading styles for trading forex markets as a retail trader: scalping, day trading, swing trading and position trading. Over recent years a movement has developed on FX trading forums to identify which trading style matches your personality and go with it. The suggestion on forums is that if you’re a twitchy,

Many market commentators, analysts and mentors claim that markets are random and by association chaotic. If you get down to a granular level, they have a point; if you watch the movement of forex tick charts or one-minute time frames, FX market movements can look random, and you can’t possibly identify trends. However, if you