Forex Systems Reviewed | Learn Forex Trading
There are a number of surprising factors that separate the forex trading beginners from the professionals; and I would like to take you through some of those factors today. To begin with, beginners seem to innately think that the professionals spend every waking moment looking at their charts; but this is probably the opposite [...]
I have a trade example for you today on the USD/JPY forex currency pair, which is the exchange rate between the United States dollar and the Japanese yen. This is a set up that I saw unfolding live and thought about taking, but in the end I decided against it for reasons that I will [...]
If you want to prove that you are serious about trading forex (either to yourself, your spouse, or even your parents), then to begin with – here is what you don’t do. You don’t do a bit of research online and then start trading with a live account right way. You do not make ten [...]
I have a trade example for you today that highlights the importance of setting trailing stops. The trade comes on the AUD/JPY forex pair, which is the pair for the Australian dollar and the Japanese yen. To begin with, take a look at Figure 1. This is the daily chart for the AUD/JPY [...]
A big question among beginners to forex trading is whether or not a holy grail to forex trading exists or not? Beginners seem to spend countless hours looking for that elusive system that just works and will lead them to untold riches. I myself have had such eureka moments many times, only to later [...]
I have a trade example for you this morning on the EUR/USD forex currency pair, which for those of you that don’t know is the pair for the euro and the United States dollar. To begin with, I’d like for you to take a look at Figure 1. This is the daily chart [...]
If you have been reading these daily forex-related articles for a while, you should know by now that money management (and by association, risk management) is key to being successful in the forex currency markets. However, there are sneaky ways that the market can get you to overtrade without you really realizing it. [...]
I have a nice, simple forex price action trade example for you today. The most beautiful and all-encompassing mathematical equations are often simple, and this is also the case with price action trading. Take a look at this… The trade in question comes on the AUD/CAD forex currency pair, which is the pair for [...]
Determining your risk levels is key to your success in forex trading. Risk is omnipresent in our everyday lives. From crossing the road, to eating fried chicken, we all take calculated risks on a day-to-day basis. However, most of these risks are calculated without much conscious thought. We make most of these decisions on automatic [...]
I hope you don’t mind me indulging myself a little bit today. On Monday, my football team, Wigan Athletic, secured another season in the world’s most watched football league, the Premier League. Now, I know you are looking for a forex-related article here, but believe me, I will come to that and this will [...]
