Category: Forex Basics
FX BootCamp Joins the FXstreet Ad Network
FX Bootcamp, a site that specializes in the education of forex traders, is the 4th site that is managed by FXStreet. The ad space of Forex Crunch is managed by FXStreet since April 2011. I am very happy and honored to have the excellent management of the FXStreet team. MyFxBook and FXTimes are also on
Forex Trading: Walk Before You Run
If you are new to forex trading, taking things slowly and gradually will help you not only survive, but will also increase your chances of long term success. Taking this slowly applies to the time and money spent in trading and also your education as a trader. Here are four tips for taking it easy.
Evolution of Currency
We’ve come a long way from bartering with shells to using nifty rectangular papers to pay for the things we want. But how exactly did we get the opportunity to stuff our wallets with green bills instead of worrying about having enough fish to trade for bread? Money has experienced an incredible evolution over the
Trading with a Pal
Trading currencies can be lonely. You’re sitting in front of the screen for long hours, analyzing, reading, playing with the charts and trading. Finding a friend to trade with, share ideas, learn from and teach can make trading more comfortable and perhaps more successful. If you took a forex course, the vast majority of your interaction was
Does Your System Have Positive Expectancy?
Currency trading carries a lot of uncertainty. Any system you choose will always have winning and losing trades. A viable system has a significant positive expectancy. Here are some guidelines in finding it. What is a positive expectancy? It means that over time, the amount won exceeds the amount lost in trades. This doesn’t necessary
Making Plans for the Year
Did you make any forex related New Year’s Resolutions? If so, was it simply “make money in forex” or something a bit more detailed than that? 2012 already began but it’s definitely not too late to make some plans for the new year. Getting into details means setting monthly goals. This should not be limited
If in Doubt, Stay Out
Are you afraid of missing out on good trades? Sometimes you can miss out a good trade. That happens. But this fear shouldn’t push you to take a trade you’ll regret later on. Fear can be a part of any move you make in your life. When it comes to investing your money (real money,
Trade Responsibly Chapter 9: Use More Predictable Currency Pairs
Some currency pairs tend to follow patterns in a much more readable way. With the best ones, patterns can be easily seen with the naked eye, before placing the first line on the chart. It is important to be aware of this before looking for a trade. With more predictable currency pairs, clear support and
8 Basic Must Know Forex Trading Terms
The Forex market is a crazy place, full of terms that a lot of people have never heard before. While having some previous experience trading stocks or futures is helpful to a budding Forex trader, there are a few terms that can be misleading to someone with no prior experience. The following is a short
Trade Responsibly Chapter 8: Learn How to Lose
Winning is fun and useful, but losing is also part of the game. Successful traders lose quite a few trades, but know how to minimize their losses and cope with the situation. In order to win in the long run, you often need to know how to lose in the short run and remain in