Category Archives: Articles
Success in FOREX
In ending, you are in control of your trades, and you need to try new strategies and keep on learning. The more strategies you have, the more you are able to adapt to the ever changing market. You can turn … Continue reading
FOREX Stop Loss Orders
It is wishful thinking when you are hoping the market will turn in your favor. When you move a stop loss further you increase your chances of taking in big losses. You should move your stops loss order only in … Continue reading
Beware of Forums Chatrooms and Blogs
Do not use ideas from sources that have no track record. Be careful on using trade ideas from groups or individuals in online trading forums, chatrooms and blogs. Keep in mind, it is your hard earned money on the line … Continue reading
Focus on Fewer Currencies
To trade like a pro you need to understand the logic, economics, and dynamics of how to trade successfully. In other words, trading in too many markets will distract you from the basics. You should focus on one or two … Continue reading
Manage Risk and Minimize Losses
In Forex trading, loses come with the territory, for that reason, a learner must trade small, by trading in small amounts, you are able to minimize and manage your risks. Your goal as a new trader should be: To be … Continue reading
Work with a Reliable Strategy
You need a strategy in order to properly execute your trades; you must track movements and fluctuations and strategize accordingly. After a long time of testing different strategies, you should be able to arrive at a method that works best … Continue reading
Don’t Trade Based on Emotion
To be successful in Forex trading, you must be emotionally detached from your trades. Do not try to hold on to a weakened position with the hopes that you will regain your losses, this is an exceptionally bad move because … Continue reading
Choose the Best Time to Trade
Forex is open 24 hours day; which enables investors to have non-stop access to markets; choosing the right time to trade will maximize your opportunities. According to the U.S. Eastern Time: Sydney is open from 5pm to 2am, the New … Continue reading
Trade Within your Capital
When trading on Forex, you need to keep in mind that winning and losing are sides of the same coin; it is in your interest to invest wisely. Your investment funds should come from excess money in your savings, and … Continue reading
Trade on Popular Currencies
As a beginner you should focus on popular currencies and avoid thin markets because the lack of public participation will make it hard to liquidate your positions. In a thin market, price is very instable and unpredictable; stick to the … Continue reading