If you are an experienced online trader, you have heard phrases such as “plan your trade” and “keep your losses to the bare minimum. But when you are new, you fly by the seat of your pants and want to rush things so that you can make money quickly.
But hold your horses’ buddy. Things don’t work that way. To be a successful trader, you have to play by the book. Otherwise, your pockets will always be empty.
Continue reading Forex Basics- Using Oscillators in Your Daily TradingRelative Strength Index is a technical analysis tool that is an important part of a forex trader’s toolkit. It helps traders to make the right decisions on how and when to enter or exit potential trade positions.
The RSI as it is popularly known falls in the category of technical analysis tools known as oscillators. As such it indicates the movement of price and market. These are important factors for traders to consider before they take a position on trade.
Continue reading Using Relative Strength Index To Trade Forex ProfitablyIn the world of forex trading, trading indicator tools keep on emerging in a bid to make the market more robust. However, most of the new trading indicators are usually a variation of the indicators that have been in use for the longest time possible.
Continue reading Bollinger Bands and How They are Used in Forex TradingSome people join the business because they long to be doing such tasks, others because they are skilled in it while others join a business just to look for money. The majority of forex traders join in the trading game out of the hierarchy that it brings in good money. Other forex traders take time to study what forex trading is all about.
Continue reading To Make Big Money Trading, Don’t Think About the MoneyForeign exchange money management is what brings about the variation between successful forex traders and unsuccessful ones. Most people are either ignorant of forex money management or are just too idle to even think of managing their forex money. More often than not, neglecting the management of foreign exchange money results in great losses.
Continue reading 5 Bits of Advice for Prosperous Foreign exchange Money ManagementThings we do just out of the blue with assumptions that they will bring us well may not necessarily do. It is therefore important to know what exactly we are putting ourselves into before we sink ourselves in them.
Continue reading Things One Should Learn When Starting Trading ForexThe Fibonacci Sequence is an unusual arrangement of numbers from orthodox arithmetic that has discovered applications in forex, nature, measurements, software engineering, and Lithe Development. With regard to forex, we will focus on Fibonacci retracements and Fibonacci ratios.
Continue reading Why Is the Fibonacci Sequence Crucial to Forex Trading?A myth is defined as a story that has no factual basis if it is true or not. There are many myths out there that are pegged to different professions and Forex trading has its myths as well. A potential forex trader may be attracted to start trading in the forex markets just by listening or reading this myth.
Continue reading Myths About Forex TradingWhen a trading system does not work properly, the traders try to start a new one. Sometimes, this is beneficial to the traders to improve the previous system rather than creating a new one. There are several types of ways to improve the trading system. The start of your trading career might be tough but if you stick to the rules, you will definitely succeed. Let’s discuss eight amazing ways to improve our trading system.
Continue reading Eight Ways of Improving the Trading SystemFor some traders Forex is a full-time career and for some, it is a part-time job. And for some, it is something mysterious because they do not know what to do in the market. However, if you ask a professional trader he or she would gladly reason out why they trade Forex. There can be countless reasons from different traders. It is not a rule that reasons should match with other traders’ reasons. Being a part-time trader is much better than being a trader who doesn’t have any idea. If you have no idea why you are trading Forex, you better read this article. We will jot down four simple reasons to trade the market.
Continue reading Four simple reasons to trade the Forex market
