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Seeing the current highly unstable situation in EUR/USD makes me wonder what will happen next. In my opinion, the pair has enough momentum to either jump up significantly or fall down far below 1.3 level. The currency pair has broken through the descending triangle pattern’s support, but seems reluctant …

The modern Forex market offers a great opportunity for everyone to try out an independent lifestyle and become self-employed as a trader. The potential freedom — both financial and temporal — is perceived as one of the most important advantages of currency trading.

At the same time, many traders become fund managers, trading not only with …

One the one hand, price action traders prefer not to use any Forex indicators at all. It is a common belief among them that the technical indicators don’t add any new information to the one presented by the prices themselves and just clutter the charts, obscuring the real market data. …

Every trader’s personality is different. There are no two identical Forex traders. Nonetheless, most of the traders share some common personal qualities that either help them become successful and earn money with the FX market consistently, or become losers who destroy their account balance and return …

On trading forums and in Forex broker reviews, I often see mentions of the poor (slow) trade execution, slippages, requotes and delays. While I can understand the importance of all of that to the extreme scalpers, it’s difficult for me to see a real problem in low execution speed for anyone else involved in retail Forex trading. …

Elliott Wave Principle for trading in financial markets was developed by Ralph Nelson Elliott back in 1930′s. It’s still very popular among all sorts of chart traders and is even more popular among Forex traders. Even EarnForex.com features a section with daily Elliott Wave videos. Despite …

Talks about the eurozone breakup and the consequent abolition of the single European currency have first started back in 1998 when the eurozone was formally formed. Since late 2009, the Greek debt crisis spurred new discussions about the ability of the European monetary union to survive. For many Forex traders, the eurozone’s failure …

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 …