So is this forex trading thingy more like investing or much closer to gambling? It seems that the forex market is at random, and it is a zero sum game (no product is produced, no business is created). The only winners here are the brokers. For the traders the odds are against [...]
1. Question: "If I a broker gives me less available leverage isn’t that less risk?" Or, "I want to start an account with 1:1 leverage so it’s less risky." Answer: You want more leverage. Why because that requires less in your account to cover the trade. Leverage doesn’t effect risk unless you overleverage [...]
And now a question for all you ‘newbie’ traders who are just starting out. You’ve found a fabulous system on a forum but after trading it for only a short time you suddenly get a run of 20 straight losses. If this system caused you to have 20 losses in a row, what [...]
Trading is not that easy, it is something that you should learn and practice before you actually go to the real battle. Reading books about forex would help you a lot. It can’t be done overnight and most people can’t get through this. Trading is not impossible, all you got to do is read and [...]
When laying down some basic trades is there a rule of thumb to place S/L’s and T/Ps? Also Trailling Stops. I know it varies for everyone but i have read that for someone that typically uses 30min 1hr and 6hr charts that S/L should be around 30 pips and T/P around 100? that seems rather [...]
Unfortunately, Forex trading does not contain any easily accessible secrets that will bring you instant success. You will soon realise that you can only develop profitable Forex trading strategies through your own hard work which will undoubtedly include the study of other people’s Forex experiences. Over the years, many traders have designed a vast number [...]
One of the main cornerstones of your new Forex Trading System will be a method or technique that can help you select the entry and exit points of all your trades. There are a large number of Technical Indicators that can be used to assist you in achieving this task including Stochastics, RSI, Bollinger Bands, [...]
Well basically you really need to analyze and understand very well how the pair moves to become an expert because it could really help you a lot with trading when you know the pace of those currencies.
Try to observe the movement of the market and when you think it was the right time go for [...]
I’ve tried both. Daytrade is very stressful. You have to sit long hours in front of the computer just to get a few pips. Position Trading on the other hand is less time consuming. This is what I am using now. I don’t have to trade all the time because I can make a good [...]
Intra means “within” or “inside”. Therefore, intra-day trading means all positions are open within or during the regular 24-hour trading period. On the other hand, overnight positions are those positions that remain open for more than 24 hours. These positions are usually charged with interest because they are being held for more than one day. [...]