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Short Term Range Trading Strategy
We have all heard the saying that “the trend is your friend until it ends”. But what happens when the currency pair has no defined trend? What happens when the currency is range-bound or in consolidation? Is the asset still tradable? Many traders would simply walk out of the market, waiting until the next trend […]
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Strategies for Profiting from News Trades: Colocation
Many traders have lost money from news trades. I remember my first experience trading the Non-Farm Payrolls report back in 2006, when I lost some good money after being entered on the retracement by my broker. I look back at those early days of foolishness when I constantly went to war against an army with […]
Read Some MoreIdentifying and Avoiding the Common Forex Broker Scams
Do you know why sharks are drawn to blood? That is because it reminds them of food, so they just can’t help themselves. Just like the those sharks in the ocean, we also have the sharks in the Forex market who are drawn to the four trillion dollars that changes hands in the market. They are not […]
Read Some MoreObtaining a Good Forex Robot
The use of Forex robots is one of the more controversial issues in Forex Part of the controversy stems from the reviews provided by several traders who have found themselves on the receiving end of some junk robots. Many accounts have been decimated by these robots, causing some traders to jettison their use entirely. However, the use of […]
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Avoiding the 5 Most Common Forex Trading Mistakes
A major reason responsible for 95% of retail traders sustaining losses in the Forex market is not necessarily a failure to register profitable trades, but rather a constant repetition of 5 common Forex trading mistakes. In this article, we examine these mistakes and suggest ways that traders can avoid them. Mistake No. 1: The market players are squeaky clean […]
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Forex platforms provide traders with the access that they require to participate in the purchase and sale of currencies in the market. They are an advancement of the telephone trades of yesteryear where traders had to call brokers on the phone to place trades, with no control over the price at which a currency was bought and […]
Read Some MoreImportant Forex Tools
Today we are looking to shed light on the existence of some free trading tools that will enhance the performance of your Forex portfolios. Some of these tools are : Carry Trade Calculator The carry trade calculator is used to determine the interest that is accruable to the trader who has a long position on a […]
Read Some MoreForex Money Management: Protecting Your Assets
Too many traders put all their attention into trying to make money from trading Forex at the expense of a very important aspect of it – money management. Trading Forex without paying attention to money management is like pouring water into a basket full of holes. The more you put in, the more it leaks out. There is […]
Read Some MoreRetracement Trading Strategy
This strategy was devised by [highlighter color=”yellow-mute” ]Trader Jay[/highlighter] as a way of helping traders overcome a major obstacle encountered when trying to catch the right moment to enter a trade on an asset that is undergoing a pullback or retracement. Retracements are an integral part of trading the Forex markets. Prices do not move in a straight line, […]
Read Some MoreTrading the Carry Trade
The carry trade strategy involves profiting from interest rate differentials in addition to earning from the Forex trade itself. The carry trade strategy aims to make money from the differences in interest rates by taking a long position on a high interest currency while simultaneously selling a low interest currency. Overnight positions on such currency pairs that […]
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