If you read up on any traders who are actually successful in Forex or even stock trading, you will notice that they think of it like any other business and not as the average retail trader might. Successful traders approach investment with a certain level of detachment and without emotional investment in the currency or stocks. If […]
If you’re a Forex trader trying to improve or optimize your strategy, there is a great chance that you have come across advertisements for trading tools. If you’ve ever wondered about whether or not they are any good and if you should use them, this blog is for you. Let’s get right to it. Can […]
The set and forget trading is a simple form of Forex trading. Like the name implies, the trader just needs to set the trade and then forget about it for quite a while. This trading involves two advantages. The first one is that it lets the trader stay mentally disciplined and the second it enables the trader […]
Day traders around the world stick to the one percent risk rule or may even vary it to a little extent to match their trading style. In fact, adhering to this rule allows them to minimize their capital losses, especially when they experience off-days while trading or when the market conditions are not in accordance with […]
Technical indicators present past data from market movements and are used to calculate future probabilities. In this blog, we highlight some of the most important and useful indicators that can be used for a good technical analysis and to make an informed decision. The first thing to keep in mind about technical indicators is that they […]
We have discussed specific forex strategies in previous blogs but here we focus on some general types. The standard for our analysis of each time is the win ratio and the difficulty level. If you are new in the forex market, this will hopefully be useful to you. 1. Pullback Trading What it is? Pullback strategies revolve […]
A lot of times people ask what skills are needed to trade forex successfully. While the first two things you need to have are a good understanding of the market and a good strategy, there are other very important elements to trading. And this blog is all about those. There are four skills or strengths that are […]
Understanding how Futures work: In the simplest language possible, Futures are contracts to sell/buy a commodity (in this case it will be a currency) at a set date at a set price. What is achieved through this practice? The reason why this is such a well-established practice is that it provides security to both sides. […]
If you are a beginner level trader you will probably have read a lot about trends and trading them. However, when you go to look at the charts that represent these trends, it is hard to make any sense of them at all. Too many lines going in too many directions without any rhyme or […]
It is often said that forex trading is taxing emotionally and mentally. A lot of new traders who get into this market are not prepared for the mental labor and discipline required by it. If you are someone just entering the market and worried about the psychological aspect of trading and wondering about how successful […]
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