I’ve been asked on several occasions how to go about learning how to trade Forex. The first answer that usually comes to mind is to get a good grasp of the basics, without necessarily getting too technical at first. The basics includes learning topics such as, what is a pip; the different types of orders [...] Read more »
Forex for Dummies
There are a lot of things that someone should know before they every begin trading Forex with real money. In this article, I am going to focus on three things that I think are essentials when it comes to Forex for dummies. 1. You Must Have a Strategy Before beginning to trade in the FX [...] Read more »
Understanding Support and Resistance
In the heady world of forex trading, support and resistance are two phrases bandied around readily and form the basis of many trading decisions. However, for any newcomer into the world of dealing currency, the terms can seem confusing and of no help whatsoever. Below are the tricks of the trade and everything a beginner [...] Read more »
Trade77; Everyone Looking For Profits In FX? 7pm
A trader asked me this question: " Anyone who participates in the forex market will look for a profit?" This looks really funny at the first glance but actually the answer to this question would be really informative in order to find out some fundamental concepts of the currency market. Read more »
Forex Terminology For The Beginner, Part 2
This is a list of useful Forex terminology, which I believe is particularly useful for the beginner trader, and is an essential part of getting a good grasp of the Forex basics : Read more »
Is There a Magic Formula To Forex Trading Success?
A plethora of articles and books have been written on what do in order to guarantee success in Forex trading. Here is my take on it: As a Forex beginner, make sure you educate yourself and get a good grasp of the basics of Forex trading; Educate yourself on different trading strategies, or methodologies. There is a learning curve involved, and everyone’s is different. Do not compare yourself to other traders. Do not rush the process. Read more »
Down and down it goes, where it stops nobody knows.
Strange title I know, but this is about the art of "laddering orders in an attempt to peg the best price towards the bottom. You see, I don't know where this will stop, but I want it, and that is all that matters to me. Read more »
What are the makings of a good scalp trade?
Hi folks, a fellow trader just emailed me with some serious questions about proper scalping methods and management. I thought I would just capture the charts and the potential trade and put it right in here for a good example. This is just one example of certain things I am looking for. Take a look [...] Read more »
Forex Trends
The forex market is the largest financial market and trades USD3.5 trillion in a single day from all over the world. There is no stock exchange in the world that has been able to reach anywhere close to these numbers. Forex trading is a global platform where people from across the world exchange currencies at different prices. Read more »
Getting our computers up to speed for trading applications
Do you need to get your trading computer tweaked a bit for faster performance? I do. I Find myself maxing out my current computer. Which is badly in need of an upgrade. Every time I try to get into designing one… I come up with 5K price tags for what I really want. My current [...] Read more »
