Post Tagged with: "forex trading"
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
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.