Category Archives: Tips

Using Relative Strength Index To Trade Forex Profitably

Relative 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.

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To Make Big Money Trading, Don’t Think About the Money

Some 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.

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5 Bits of Advice for Prosperous Foreign exchange Money Management

Foreign 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.

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Using the market volatility in your favor

Many of the traders like to trade the market and also trade in volatility. Volatility is the market pattern when the prices of currency pairs are going up and down quickly. If you do not know how to trade in volatility, it is best to stay out of trading. As you will be trading in Forex markets, you will see that there are many traders who are trading in volatility. They are making a lot of money in volatility and it can also make you think that you can make money in volatility. As a trader, you will have volatility in your markets and it is better for you when you learn to trade in volatility in Forex. It will make your trading better and you will make more money. Many people stop their trading when there is volatility but they also lost their chances of profit making. All the markets of Forex are volatile and you have to learn how to take this volatility and turn it in your favor. This article will tell you how you can trade the market with volatility. Continue reading Using the market volatility in your favor

Amazing three tips for trading the head and shoulder chart pattern

Chart pattern trading is very much popular among the professional traders. Most of the time the market exhibit high volatility during the event of the heavy impact news release and the professional traders use the reliable chart pattern to catch the large movement of the market. Unlike the professional traders then novice traders in the forex market trade the news release without having any proper knowledge about the financial sector and thus incur a heavy loss. It’s true that trading the chart pattern is extremely difficult for the novice traders but if you follow simple three techniques then you can also trade the head and shoulder chart pattern like the professional traders. Continue reading Amazing three tips for trading the head and shoulder chart pattern

When you should take break from forex trading

There are many professions in the world which you can choose to earn your living but if you chose to trade as your full-time profession then you need to overcome many challenges in the global market. All the professional traders in the forex market have spent a huge amount of time in learning the true art of trading. To achieve success in the sector in the world you need to be highly motivated and have a strong passion in that particular niche. Now a day’s most of the novice traders in the forex market start their trading career without having any prior knowledge of the financial industry. There are many things that you need to take care in order to become full-time professional traders. As a trader, you need to know when yo stop trading and take a break from the market. In this article, we will discuss when to stop trading and take a break in the market. Continue reading When you should take break from forex trading

Three amazing tips for the novice price action traders

Price action trading strategy is one of the most popular trading strategies in the financial market. Most of the novice traders in the forex market tends to use the indicators based trading strategy but nowadays due to the availability of the online resources, even the rookie traders are learning the art of price action trading strategy. If you look at the professional traders than you will notice that every single one of them in the financial market is trading the live assets by using price action confirmation signal in the market. In this article, we will give three amazing tips to become a professional price action traders in the forex market. Continue reading Three amazing tips for the novice price action traders

Why we should calculate the margin level in trading

The Margin is the crucial concepts of the Forex trading. Whatsoever many traders in the Forex market do not understand or take margin concepts as that important. You should be glad that we will explain you the strategy so you will be able to trade the market in a professional manner. The Forex margin means the deposit that needs open positions.  The margin is not the fee or any other charges but it is an amount set aside by the equity of your account and called as the ‘margin deposit’. If you are trading on the margin you should be aware that it involves many consequences. It can give you both negative and positive experiences in your trading career. Sometimes it might incur you margin call in trading if used in appropriate way. Let us learn more about the margin. Continue reading Why we should calculate the margin level in trading