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The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new...

The concept of a plan is accepted as standard practice in every walk of life, whether in business or in our personal lives, yet in trading, many people neglect to develop such a plan. I have often tried to rationalise why it is that most traders have no plan whatsoever. It seems to be a...

Most novice traders buy cheap Forex robots and think they will earn a huge regular income, with no real losses and make no effort but the old - saying "if it looks to good to true it probably is" applies to these systems. If they worked the whole world would pay a $100 or so for a life of...

Traders both experienced and inexperienced have gone through this roller coaster ride of emotional ups and downs. To say that it becomes easier over time isn't really true. Perhaps one might be able to push the emotional buzz into the background, but the emotional stress does exist.

The forex money trading business is simple. It is all about trading a country's currency with that of another country's currency. The way to make money in this market is to make sure that the currency you hold increases in value than that of the paired currency. In other words, you gain a profit...