Posts Tagged ‘Forex trading’

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How to Use And Measure Market Volatility for Trading?

In this video, you will learn how to measure and use volatility in forex trading. Measuring volatility is extremely important, as you get more price movements resulting in larger profit for your trades. When the market is not volatile, there is no point trading it, because the market is not clear in its direction, and stay flat. You don't earn much profit from such market conditions […]

New Zealand Dollar and Agriculture

The Australian and the New Zealand dollar are commodity currencies. In this video, you will learn about how agriculture plays a key role in the economic growth and controls the value of the kiwi. New Zealand exports commodities such as milk, wool, meat, etc. to Asian countries. It is seen as a shopping place for many developing countries for products related to dairy industry. For example, look at this chart. There are 3 lines shown […]

Always Be Suspicious About Get Rich Quick Schemes

In this video, you will learn about the dangers of believing forex as a get rich quick scheme. You may come across fancy advertisements about magic indicators or forex robots that can make you lots of money in a short time. However, they are talking about unrealistic profits. It only takes lots of time to master this field. For example, consider learning a language. As you can see, it […]

How to Avoid the Mistake of Being Undercapitalized — Fatal Mistakes

In this video, you will learn about the dangers of being undercapitalized. Forex should not be viewed as something to get rich overnight. You should view it as trading and not as gambling. You need to acquire necessary skills to become a successful trader in the long run. So, don't trust those advertisement that tells you about unrealistic returns in a given period of time. Don't believe on those magic indicators. You […]

Strategy: Three Inside Down and Three Inside Up Candlestick Pattern

In this video, you will learn how to identify and trade the three inside up and three inside down candlestick patterns. You locate the three inside up pattern at the end of a downtrend. This is a bullish reversal pattern. It consists of three candlesticks. The first candlestick is a bearish candlestick. The second candlestick is bullish with a small body. The third candlestick is bullish and closes above the open of the first. As you can […]

Strategy: Three Black Crows and Three White Soldiers Candlestick Patterns

In this video, you will learn how to identify and trade the three soldiers and the three crows pattern. You will locate the three soldiers pattern after a downtrend. It consists of three bullish candlesticks. The size of the second and third candlesticks should be nearly same. You can enter a long position here with a stop-loss. However, if the third candlestick appears with a slightly smaller body, it also indicates buyers […]

Refusing to Take a Loss — How to Deal with Trading Losses?

There is an old saying that the trend is your friend. But it is important that you must catch a move earlier. When you enter a trend a bit late, then there is no point hanging on to a losing trade. Also, it would be dangerous to your capital, if you shift your stop-loss hoping that the market would come back in your favor. This could […]

What Is Multiple Timeframe Analysis in Forex?

In this video, you will learn about multiple timeframe analysis in forex trading. Multiple timeframe analysis helps you to identify the market direction by comparing higher and lower timeframes for a currency pair. Instead of entering on a higher timeframe, you can use a smaller timeframe to take a trade, to minimize risk, and use a smaller stop-loss. You can use timeframes like the 15-min, 1-hour, 4-hour, and the daily. You can use the larger timeframe […]

Fatal Mistakes of System Hopping: Risks and Consequences

In this video, you will understand what system hopping is. Those who are new to forex trading, use a trading system using a demo account, without fully understanding it. They are happy as long as they make profits. But when they make a loss, they regret the system, and go for another one. They keep doing this for a long time searching for a holy grail. For example, consider a moving […]

Paper Trading — Practice and Learn Trading Free

In this video, you will learn about demo account in forex trading. You can also call it paper trading, as you can note down every trade you take and their results. You don't have to lose any money, if your trades fail. Most online brokers offer demo accounts and also give for free, the MetaTrader platform. You can place trades, add an indicator or several […]