Traders who use candlesticks may more quickly identify different types of price action that tend to predict reversals or continuations in trends - one of the most difficult aspects of trading. Furthermore, combined with other technical analysis tools,...
Forex Fibonacci Secret
Forex market being the largest market in the world most closely comes to operating like a huge natural mechanism whose behaviour can be explained by the laws governing other natural phenomena. This is the reason why fibonacci levels work so well on the...
Which Currency News Reports To Trade?
Before we even look at strategies for trading news events, we have to look at which news events are even worth trading.
Remember that we are trading the news because of its ability to increase volatility in the short term, so naturally we would like...
How to Trade Forex News?
Why Trade the News
The simple answer to that question is "To make more money!"
But in all seriousness, trading the news gives us another opportunity to trade the forex market. As we learned in the previous section, news is a very important part to the...
What are the Japanese Candlesticks?
Candlesticks provide unique visual cues that make reading price action easier. Trading with Japanese Candle Charts allow speculators to better comprehend market sentiment. Offering a greater depth of information than traditional bar charts - where the...
Forex Strategies To Better Gains
Keeping your money at a decent level is the biggest key to success. For example, if you lost 50% of the money in your account, then you would have to make back 100% just to be back at the starting amount. The following are 5 strategies to help you keep...
A Forex Trading Plan: Limit Your Greed
I don’t know how long you have been trading forex, but you can be among those traders who have been trying to make a living or at least a supplementary income through forex trading, but have not been successful so far. There are a lot of people who have...
Where To Place The Stop Loss?
What is the best place to put the stop loss and limit orders?
Stop loss is a must. You have to have it when you trade even if you are an intraday trader and you sit at the computer and watch the price movement and all your positions are closed at the...
Do Not Trade Without Stop Loss
Trading without stop loss is the biggest mistake a trader can make. This is what you read on any website, weblog, article, e-book and... Although they do know that this is a big mistake, almost all novice traders make this mistake at least once. Most...
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