Pivot Points are being used more and more by Forex Traders and are an excellent tool for calculating entry and exit points as well as levels for Stops. Pivot Points are super-sized-support and resistance levels that are calculated from the price action from the previous day. Download Our Free Course On Pivot Points and Our…
Today, I will share with you one of the first trading strategies I had massive success with early in my trading career. I also want to give you the indicator I use that makes implementing this a snap. I can’t take credit for the development of this strategy, but I spoke with the developer and…
It’s no secret that the vast majority of amateur traders consistently lose money, while the professionals are raking in millions. Why? Some say it’s about finding the right combination of trading rules and having the ability to follow them perfectly. However, that’s easier said than done, right? After all, most professional traders have access to state-of-the-art automated trading software…
Three Critical Pieces To Any Successful Trading Plan Millions of words and thousands of books have been published in an attempt to explain how the markets move and why. Some authors suggest using advanced mathematics, while others use astrology, and yet more rely on a vast and increasing array of technical indicators all of which…
Forex Transaction Basics Today I want to cover some Forex transaction basics then we will discuss the four major pairs and their trading times. This Forex Trading Education series is set up for every trader and over the next few months, you can expect to see a variety of topic covered from the simplest concepts to some…
If you are thinking of venturing into the Forex market, the best way to learn to trade is to read some relevant books. You get all kinds of subjects covered in Forex trading books. This article will review the top five best-selling Forex trading books to date. All five are highly recommended by expert traders,…
If you know about the forex market, you might already know that it is a $3 trillion trading market worldwide and an institution which never sleeps. This is true because forex trading and exchange rates are determined 24 hours a day (with the exception of weekends), and also the fact that exchange rates are determined…
No exaggeration meant; the Forex trading market actually never sleeps. It is a 24 hour market, and the currencies can be traded at any and every time. However, it would not be wrong to say that there are certain times during the day, which are better to trade the Forex. Timing indeed is crucial in…
For anyone who is just starting forex trading, it is important that he or she conducts adequate research prior to entering the market. It is a known fact that there are no rights or wrongs in the forex market, hence one cannot boast about mastering the best Forex trading techniques. A beginner needs to develop…
In a recent survey of about 25,000 Forex traders, who have been involved in this lucrative market for quite some time, some interesting facts came to the surface. It was found that more than 95% of these traders have been constantly losing money on their transactions. To make matters worse, they try to jump from…