There are a wide variety of different forex traders who follow different forex trading strategies. Some of these traders may get in and out of trades within an hour or two, whereas others may stay in a trade for a few weeks or more. Depending on your forex trading strategy and the style of trading… Read More How to pick the best timeframes to suit your forex trading strategy
Many Forex traders fail because they try to follow a strategy that isn’t suited to them. So before you embark on any type of Forex trading strategy, you need to decide what type of trader you are. Use your answers to the following questions to help you build a picture of the type of trader you… Read More What type of Forex trader are you?
A stop loss is a great way of knowing when it’s time to admit you’re wrong about a trade. But how do you know where to set these stop levels? And can you use stop losses to protect your gains too?
If you want to start forex trading, you’ll have to pay to put on trades. And I’m sure you stay away for feel of losing your savings. So how much will it really cost? It depends on whether you opt to trade currency futures or spread trade currencies. Let’s take a closer look.…
One problem traders experience when entering the Forex market is simply understanding it, because it has a language all of its own: Pips, pairs, bear, futures… it’s gibberish to the average investor. But you don’t have to worry about any of that kind of specialised “lingo”, I’ll tell you what to do in simple, easy… Read More Understanding Forex