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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 …

The year 2010 has ended and it’s time to evaluate its results. One full year is an optimal period for measuring the effectiveness of your trading strategies. Even the long-term systems produce some measurable results over 365 days. Unfortunately, my own Forex trading results were rather poor — I’ve …

No, this post isn’t about profiting from Forex by using the ”hedging” (grid) strategies. Two weeks ago I’ve asked my readers about their thoughts on trading Forex without stop-loss and, while I still believe that it’s generally a very bad idea, there is at least one case …

I’m not sure if there is some sense in having so many similar Forex e-books that try to cover all trading topics at once and introduce them to the beginning trader but today I’ve added another one to EarnForex.com. It’s titled “Forex Trading” and goes through all important …

When opening a Forex position it’s very important to consider your own maximum risk tolerance, which usually depends on the account size and the stop-loss of the said position. Risking only a small fixed fraction of your account balance is a nice way to limit your losses and to organize the whole trading process. But …

I bet that nowadays the majority of the new traders comes to Forex market after seeing some on-line advertisements. Several years ago, the currency trading wasn’t so popular as it is now — the majority of traders was into the foreign exchange from the other markets or after visiting some seminars or off-line courses …

However distant such activities as the Forex trading and alcohol consumption may seem at a first glance, at a second one it’s possible to notice some weird similarities that draw parallels between the currency speculations and drinking. Some rules of drinking work perfectly in the on-line Forex market.

• If you trade Forex too

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When a newbie trader enters the world of Forex trading he barely knows anything and often isn’t very successful. But after gaining some basic experience, reading some educational books on Forex and mastering some of the simple position management techniques a trader becomes confident in his skills. Unfortunately, such confidence …

Forex trading experience can vary greatly during different trading sessions and days of the weeks. Some traders prefer to trade only on London-U.S. or U.S.-Asian sessions’ intersection for the biggest volume and steadier trends, others try to avoid Friday and early Monday trading or trade exclusively on Wednesdays and Thursdays (the most pip-moving weekdays). Trading …

There are two main methods of trading in Forex (and in any other financial market too) — manual and automated. When you trade manually you open and close market orders yourself. Of course, you can still use the pending orders, stop-loss, take-profit and trailing stop orders, but the main trading decisions …