Why are we focusing on medium-term forex trading rather than long- or short-term strategies? To answer that question, let’s take a look at the following evaluation table: Type of Trader Definition Good Points Bad Points Short-Term (Scalper) A trader who looks to open and close a trade within minutes, often taking advantage of small price movements with a large amount of leverage

  The key to finding entry points is to seem for instances all of the indicators factors in the identical direction. The signals of each timeframe ought to aid the timing and route of the trade. There are a few unique bullish and bearish entry points: Bullish Bullish candlestick engulfing or different formations Trendline/channel breakouts upwards Positive divergences in RSI, stochastics, and MACD Moving average crossovers (shorter crossing over longer) Strong, shut aid and weak, far away resistance

A commonly known fact is that a significant amount of forex traders fail. Various websites and blogs even go as far as to say that 70%, 80%, and even more than 90% of forex traders lose money and end up quitting. The forex website DailyFX found that many forex traders do better than that, but

There’s no single trader who has never made a loss throughout their career. Whether it was because of lack of education, technology meltdown, lack of discipline or emotional intelligence, wrong series of decisions or simply bad luck, every trader will eventually experience a loss or even several. It’s undoubtedly an

If you’re a beginner in the Forex market, chances are you’ve stumbled upon an article or forum post that include terms such as “pips”, “cross-pairs”, “margin” and others.  Those are basic terms of the Forex market that all traders need to know. We’ve created a list of the most important

Before you start trading currencies, you should know whether it is worth to spend any time on it or not. You have to know whether it is worth to spend your time on learning forex, or it won’t get you anywhere finally. Is It Worth to Spend Time on Forex

To better understand the forex spread and how it affects you, you must understand the general structure of any forex trade. One way of looking at the trade structure is that all trades are conducted through intermediaries who charge for their services. This charge which is the trade’s difference between the bidding

It’s possible to trade profitably on the Forex, the $6.6 trillion worldwide currency exchange market. But the odds are against you, even more so if you don’t prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association

If you’ve been studying forex trading or even if you’re brand new to it, you might be wondering if you need a significant stash of extra cash set aside before you begin trading. Is it possible to do forex trading on a budget? Actually it is, but it takes a lot of planning

As forex software becomes more complex and automation becomes more common, many traders now rely on mechanical forex trading systems. These software systems execute trades when certain market conditions are met, with or without the confirmation of the operator. These automated software systems look for technical market indicators and buy