A calendar of financial reports is an essential Forex trading tool! Reviewing a financial calendar is a fundamental part of your day-to-day routine as a very good forex trader, and ought to always be the first thing you do before settling on trade set-ups and trading strategies for your trading day. The financial calendar has … Continue reading "Why Almost Everything You’ve Learned About Economic Calendar Is Wrong and What You Should Know"
Although there are opportunities in the foreign exchange market to make money every day, not everybody has the skills to take advantage of these opportunities or the required time to do so. The reality is that forex trading is not easy to do. It requires an average amount of knowledge and experience in order to … Continue reading "How to trade Forex through signal copying or copy trading"
Using trend lines in trading implies that you are waiting for the price of a particular instrument to rise to a certain level of which you know the market will surely bounce. You have to keep in mind that the market can react in the following different ways:
Every one of us has an inbuilt psychology of trading. There is usually a gap between the expectations and the final results for the market. And we try to analyze the evolution of the market using a rational approach. One needs to not only work hard on the phenomenon of losing, but also try to … Continue reading "Loosing Trade and Trade Psychology"
This article looks closely at Contracts for Difference (CFD) trading and compares it with Options trading to identify the significant advantages and disadvantages found with both. CFDs and options are described as derivative products because their prices are determined by something else.
To properly manage risk and get the probabilities in your favor, you have to develop a profitable trading strategy. Theoretically, different strategies produce different results. But of course, these results can differ widely from the actual results of your trading account. Your track record can show you how well your strategies are performing.