Tag Archive For "forex trading"
Strategies for Forex Traders with Day Jobs
Strategies for Forex Traders with Day Jobs There are very few people that can trade forex full-time. Traders who must make their trades at work, lunch, or at night discover that in such a volatile market, trading sporadically over a small portion of the day results in missed opportunities to buy or sell. These missed …
Trading Based on Economic News
Trading Based on Economic News | Indicators to Follow Many short-term traders base their decisions on the market solely on technical analysis and price charts. Traders frequently disregard fundamental factors for price trends, analyzing support and resistance levels, and weighing various signals from technical indicators. On the other hand, fundamental analysis is vital in today’s …
When to move from demo to live trading forex
If you’re a new trader who has discovered a profitable trading strategy, deciding when to begin live trading might be difficult. Since most novice traders compare themselves to others, they spend too much or too little time on demo accounts. While shifting from a demo to a live account, one can reduce costs by receiving …
Books every forex trader should read
If you’re interested in Forex trading, it’s important to read up on the topic before getting started. Usually, we aren’t taught much about Forex in school, and we have to learn about it ourselves. That’s where books come in. Books can provide us with the information we need to get started in Forex trading and …
How to Choose the Best Forex Broker for You
Everyday more than four trillion dollars is traded with foreign exchange market accounts like forex, making it the biggest financial market in the world. Since there is not a central marketplace in the forex market, most traders need to have a forex broker to conduct most trading activities. As the amount of forex brokers is …
How to Manage Losses in Trading
As you get started in trading, you will need to develop a way of managing stress levels and losses. Of course, you chose trading to make profits and grow your invested capital. But as you know, each market comes with a level of risk and uncertainty. Although you can make educated guesses based on calculations, …
Here is why you should have a proper trading plan
Succeeding in the forex market means you need to have a trading plan in place. This is why a good forex education program is so important because usually it teaches you how to pick the best strategy which fits your needs and personality the best. There are a lot of platforms with free trials and non-expiring …
5 tips to be more successful at Forex trading
Forex trading is a lucrative job that is highly satisfying, but it is also quite challenging. There are several things you can do to stay productive and find motivation as you engage in trading. Read on below and find out what you need to do to excel in Forex trading. 1. Exercise before starting …
5 Tips to Become a Professional Forex Trader
Trading can result to large losses to any undisciplined and inexperienced forex trader. Even though, forex trading is relatively easy. It involves exchanging one currency for another. However, you need to have discipline and skills to become a professional trader. You also need to choose the right forex broker to help you in your journey. …