Posts Tagged ‘Forex strategy’

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Freedom That Harms Your Forex Trading

In forex trading, you have absolute freedom. You can choose a trading session, trade as long as you want, and wherever you want. Also, you can trade from anywhere in the world using a laptop or a tablet device. But in reality, you should limit yourself in trading. You should choose one timeframe and stay with it. In the MetaTrader 5 platform, you have 21 timeframes to analyZe the market. Jumping from […]

Learn to Write a Winner Forex Trading Plan for Yourself

All successful traders have a written trading plan. Hence, it is important that you write it down, a trading plan before you start. It is important that you chase strategies after you make losses. Your trading timeframe: Write down your trading timeframe. So, you will not switch between timeframes to avoid confusion. Your analyzing system: You use tools […]

Swap Charges — Forex Trading

Swap is the interest that you pay or receive by holding a trading position overnight. When you trade a currency pair, you buy one currency and sell the other. For example, when you take a long position in the EUR/USD pair, you buy the euro using the US dollar. Central banks around the world charge interest rates. For example, hypothetically, Bank of England has 0.1% interest rate, and the Federal Reserve in the US has […]

Banking Business in Forex Trading | Forex Trading

To understand the role of banking business in forex trading, you need to find answers for the following questions. What is bank and how does it work? Banks provide a way to store your money and lend some money for those who need. The evolution of banks has a long history. In recent history, banking business started in Italy in the 15th century. You have different types of banking, like investment bank, savings bank, etc. […]

How Professional Forex Traders Predict the Future — The Insider Secret

It is not possible even for professional traders to predict the future. If someone claims to you that he can predict the future, you should consider such a person to be a scammer. There is no strategy with 100% win ratio. Losses are inevitable in trading. So, you should not try to predict the future. There are three simple facts that you should follow. No one […]

Don't Wrestle with a Gorilla in Forex Trading

To win in forex trading, you need to be a better strategist. The concept of wrestling with a gorilla comes from the book, Good strategy, Bad strategy, written by Richard Rumelt. This situation arises when you want to fight at the moment with your rivals have a big advantage. So, there are trading situations in forex, where you can compare it with wrestling with a gorilla. So, there are two […]

How Forex Destroys Successful People Like Anyone Else — Include Solution

In forex trading, your attitude towards losing can determine your success or failure. There are different approaches to losing. You need to use the best approach towards losing. The first approach is the loser's mentality. With this approach, traders take the losses personally and get themselves discouraged with trading. The second approach is the winner approach. These traders don't take the losses personally. They use the losses as a feedback. […]

Why You Should Trade Demo as a Beginner Trader in Forex?

Most forex traders lose money in the beginning part of their career as a trader. They don't have a strategy and have not gained enough experience to trade the market. So, it is important that you start with a demo account, and practice using a strategy. It is important that you must overcome your emotions after few losses. You will learn how to control emotions over time as use […]

Learn to Trade Forex – 6 — CFD Trading

You can trade CFDs for various assets. When you trade CFD, you open a position, expect the price to move in the desired direction, close the position, and pocket the difference, which is your profit. If the market move in the opposite direction, then you can close the position in loss, or wait for the market to recover. However, you can trade from both rising, and falling markets. For example, when you trade the S&P 500 […]

How to Trade Using the MACD Indicator

The MACD is an extremely popular technical indicator used by most forex traders in technical analysis. This indicator is used in trending situations in the market. It consists of an oscillator component and a moving average component. There are two types of signals using this indicator. The first one is a bullish or bearish MACD crossover. When the MACD line crosses above the signal line, you get a buy signal. When the MACD line […]