Post Tagged with: "forex trading"
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.
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
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 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
Trade Responsibly Chapter 7: Pacing
In order to improve your trading, the frequency of your trading deserves special attention. In order to have better control over your account, it is advisable to pace yourself. Some traders have a winning streak and they extend the times in which they trade. Eventually, their nose is attached to the screen for too many
Scaling Up in Forex Trading
You are trading for several months now, and things are going well. You win some, lose some, but the overall outcome is successful: you win more money than you lose, by using sensible risk/reward ratios and rules of money management. This is not the “beginners’ luck” sensational win. So, you feel confident with your trading
Evolution of the Forex Market
It’s no secret that the forex market has evolved rapidly in the past few years. The financial crash of 2008 opened the door for many traders and investors into currency markets. Saxo Bank visualizes this growth with a nice infographic and a video. The numbers provided here show the huge growth, which continues. The recent
Don’t Risk Your Reward
Do you check out your risk reward ratio before placing a trade? Good. But do you stretch the stop loss or take profit points just to fit the desired ratio? Not so good. Here are some common mistakes regarding the risk reward ratio, and some tips on how to do it the right way. A
Times of Correction
Corrections don’t always happen out of the blue. Sometimes it is related to different times in the day, week, month or quarter. Being aware of these corrections can help you trade. The beginnings of trading sessions tend to see sharper moves. This is best seen in the beginning of the European / London session. In