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Identifying and Trading Support and Resistance Levels
The psychology behind support and resistance This has been discussed in another blog in detail but we will go over it quickly here. Resistance level shows that supply has exceeded demand. At that level there are too many sellers and not enough buyers. On the other hand, support level shows that demand has exceeded supply. At that level […]
Tips to Avoid Getting Scammed: Forex Trading
Forex trading is notorious for scams, there is no denying that. It’s because of these scams and frauds that you can find so many people who are looking to enter this market asking questions such as ‘Is forex trading real?’ ‘Is the currency market a scam?’ You can’t blame them for this however. There are […]
The Seven Common Mistakes in Trading
We are always growing in our understanding of any trade or skill. Forex trading is no different. We all mistakes and we are bound to because to err is human. However, a continuous strive for improvement should be the natural reaction to mistakes. The first thing in the way of improvement that anyone can do […]
Forex for Beginners Forex Mistakes Forex Trading Strategies Trading Method
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Most common mistakes by beginners in Forex trading
Introduction: Buying and selling financial instruments in the Forex and stock markets seems at first glance a great way to make money. However, as in any trade, experience is required to make these actions profitable. Not diversifying among the different financial instruments: Just because an instrument has worked well a couple of times does not mean that […]
Position Sizing Tips
Before getting into the tips, let’s quickly revise the meaning of Position Sizing. Your position size is the amount of currency units you are trading. Since in forex, currency units are measured in lots, the position size is the number of lots you take on. Position size is the first step that one can take […]
Possible Reasons for Inconsistency in Profits in Forex
Have you ever found yourself in a situation where you think you’ve got the hang of Forex trading but then the next day you lose all the profit you made in a bad trade? For a lot of new traders, this is a common occurrence and it is understandable that they go through this but it […]
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