Forex Crunch » forex trading

Forex Trading: Walk Before You Run

Yohay — Tue, 07 Feb 2012 13:15:53 +0000

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.

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Trading with a Pal

Yohay — Tue, 31 Jan 2012 14:33:11 +0000

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.

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Does Your System Have Positive Expectancy?

Yohay — Tue, 24 Jan 2012 12:11:36 +0000

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.

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If in Doubt, Stay Out

Yohay — Tue, 27 Dec 2011 16:44:57 +0000

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, not a demo account), this fear is certainly understandable. Being afraid of losing a trade is part of the game.

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Trade Responsibly Chapter 8: Learn How to Lose

Yohay — Tue, 20 Dec 2011 10:00:56 +0000

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 the game.

Have you lost the trade? Analyze it. Analyzing doesn’t have to take place immediately. Perhaps you will find it more useful taking some distance from the actual trade. This will allow you to be less emotional and to analyze the trade without the emotional stress.

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Trade Responsibly Chapter 7: Pacing

Yohay — Tue, 13 Dec 2011 10:00:09 +0000

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 hours, and they begin seeing trades that are never there. This also has bad implications on other things in life, and isn’t healthy at all.

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Scaling Up in Forex Trading

Yohay — Tue, 29 Nov 2011 14:00:01 +0000

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 and you consider scaling up, in order to make more money, at the right time.

How do you do it?

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Evolution of the Forex Market

Yohay — Tue, 08 Nov 2011 13:20:25 +0000

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 turmoil in markets will certainly lift the numbers once again.

So, here is the video:

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Don’t Risk Your Reward

Yohay — Tue, 11 Oct 2011 22:04:55 +0000

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.

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Times of Correction

Yohay — Thu, 29 Sep 2011 10:42:11 +0000

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 many cases, these sharp moves occur also towards the end of these sessions and in the opposite direction of the day’s trade. Why?

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