Post Tagged with: "forex trading"
Trading Sunday Gaps
Recent weeks have opened with significant Sunday / weekend gaps in quite a few currencies, with EUR/USD standing out in a sharp move. Trading in the early hours of the week isn’t for everyone. For many people, it just collides with their personal life – it is Sunday night in Europe and Sunday afternoon in
When to Take a Break from Trading
Are you switching from chart to chart in search for a trade, and eventually enter a losing position? Are you eager to take revenge after this losing one? Is your nose becoming too friendly with the screen? Taking a break can help you refocus. Taking one step further, it is wise to schedule these breaks.
Taking the Profit
When the trade is going in your favor, what do you do? Do you wait until the pair hits your Take Profit goal? Extend the band? Or just take the profits and call it a day? 1) Sticking by the original plan has its advantages. First, you take no additional action that can trigger even
No Short Selling Ban in Forex
The ban imposed by some European regulators on selling of shorts is a great opportunity to remind everybody that in forex trading, no such ban is possible. This is one of the great things in currency trading over stocks. Most investors in stocks don’t use shorts, but rather buy them, hoping they will go up.
Are You Suffering from Analysis Paralysis?
Analysis paralysis is when you analyze every small move, compare with a long history of movements, use many indicators and put them away, and basically just analyze over and over again, without placing a trade for ages. Here are some things you can do. If the answer to the question in the headline is Yes,
Are You Forcing Yourself Into A Position?
The charts and the price tickers are humming all the time. So why sleep if there is a trade opportunity? Maybe there is one. You go to your computer and you see one. But is your high profitability setup really there? Perhaps there is a good setup awaiting you, but there’s a very good chance
Reasons to Not Quit Trading
Have you ever thought of giving it all up and turning your back away from forex trading? It probably happens to everybody. 8 forex bloggers share reasons to NOT quit trading. Reasons to not quit trading – By Jakob from TradeProfits.net The obvious reason why you want to quit trading is most likely due to
Stop Moving Your Stops
Unfortunately, also seasoned traders fall into this trap of moving stop loss orders. And if it worked out for you once, it just worsens things for you. Are you doing that? Being aware of why you are doing it and the consequences can be a game changer. Why do you move your stop loss? So,
Forex Trading with Tighter Clocks
The busiest time of the day in forex trading is about to expand from 4 to 5 hours. This will happen during two weeks when Daylight Savings Time comes into effect in the US and Canada, while European countries wait. Apart from this expanded busy time, some events will get closer, meaning more action. Let’s
Markets tread water on MENA developments
The dollar opens the last day of the trading month a mere 0.2% off the lows for the year on the main dollar index. It would be safe to say there is a fragile calm around events in the Middle East. Oil prices are just shy of the $100pb level on the WTI contract and