If you’re new to Forex trading, it’s essential to create a trading plan that suits your experience, goals, and strengths. In this article, we’ll outline some tips on how to create a trading plan and discuss the elements that are essential to its success. Table of Contents • Introduction • What is a Forex Trading … Read more
Forex trading is one of the most lucrative and exciting markets in the world, attracting millions of traders worldwide. However, it can also be one of the most challenging and risky ventures, especially for beginners. To succeed in the Forex market, traders must go through different stages of learning, growth, and mastery. In this article, … Read more
Forex trading, also known as currency trading, has become increasingly popular in recent years. With the advent of online trading platforms and easy access to financial markets, more and more individuals are trying their hand at forex trading. Unfortunately, more than 95% of forex traders fail during their first few years and end up losing … Read more
Forex trading can be fun and profitable, but it can also be a slippery slope to overtrading. Overtrading is a common pitfall that many forex traders fall into, leading to poor decision-making, increased risk, and ultimately, losses. In this article, we will discuss what overtrading is, why it happens, and how you can avoid it. … Read more
Moving Average Convergence Divergence (MACD) is a popular technical analysis indicator that helps traders identify potential market trends and trading opportunities. It is especially useful for intraday trading because it can show signs of potential trend reversals or changes in momentum in a shorter time frame. However, choosing the right MACD setting for intraday trading … Read more
Demo accounts let people who want to invest try out trading and learn new strategies before they trade with real money. Almost all brokers offer demo accounts so that beginner traders can get a feel for what it’s like to trade in real markets without any risk. In this article, I will explain to you … Read more
The forex market consists of major market participants that keep it functional. The goals of each participant can be very different from one another. Central banks, global investment banks, international corporations that finance cross-border investments, Fund Managers, and retail traders are some of the most important players in the market. In this short article, you … Read more
Have you ever experienced that you were in a good position with a nice profit when the market suddenly became volatile, causing you to lose money? Have you only traded according to technical analysis and not even looked at the daily economic calendar? If so, then you should read this post carefully because it can … Read more
Traders’ actions are largely driven by their emotions. And these trading emotions decide how successful the day is going to be for a trader, no matter what instrument they trade. For many traders, “money” is a distinct value that can trigger greed and euphoria, but also fear and pressure. The attraction of fast money leads … Read more
Let’s start off with a question. What is the most commonly used technical indicator in forex trading? Even fundamental analysts use this indicator on daily basis. No need to think too far; the answer is the moving average indicator. The Moving Average (or simply MA) is probably one of the first forex indicators you learned. … Read more
