Archive

Last time, I’ve asked about the biggest loss encountered by you in Forex trading. That can be kind of an embarrassing thing to talk about as not many traders like sharing their failures. Now you have a chance to brag about your best success in Forex market. Although it …

Taking losses in an imminent part of Forex trading process. Some traders seek the no-loss strategies (including omitting the stop-loss), but such attempts are rarely successful. On the other hand, any loss can be a serious hit in the emotional state of a currency trader, while some losses may also be …

Following my recent post on “scaling in” in Forex trading, I’ve decided to learn the opinion of my readers about this technique. I’ve already asked about “scaling out” (closing positions partially) a month ago and the results surprised me with more than a half of voters being pro partial position …

Price action Forex trading, which doesn’t involve any technical indicators other than the price chart itself, is rather popular nowadays. Even indicator traders sometimes refer to the chart formations in their analysis. Personally I trade mainly the chart patterns (in my manual trading account). So I would like …

Last week, I’ve described my point of view on the partial profit taking in Forex. In short, I believe (and support my belief with some simple math) that closing a part of profitable position before reaching the main target is a bad technique if you are using entry system with an edge. …

While the majority of the retail Forex positions are opened with the simple market orders (i.e. at the current price), there are also other types of trading orders in use by the FX market participants. Here are the most popular of them:

Stop/limit pending orders are the common trading orders. Stop orders are …

I have no problem believing that some Forex traders are lucky enough to find the perfect broker the first time they open a live trading account. In this case their search for good execution, honest quotes and responsive support ends there. But for the rest of the traders, the search for a good broker lasts …

Very few or none traders at all, whom I personally know, have had Forex trading as their first job. Almost all of them had studied to get some other profession and then spent years working in fields unrelated to the currency market. Some continue doing so even after achieving a certain …

Last week, I’ve posted a general overview of various position sizing rules. Today, I’d like to know, which of those methods are most used among the common Forex traders. It seems to me that the fixed position size method should be more popular with the newbie traders, …

Gold has failed to take the psychological level of $2,000/ounce, formed a double top recently, and posted the biggest weekly drop in its recent history last week. While this could be a sign of a short-term weakness amplified by the unfavorable market conditions, it also could be something more for this all-popular precious …