The Problem with Forex Fundamental Analysis There are basically two forms of analysis that traders divide themselves between: the fundamental and the technical. Though both forms of analysis are great in their own ways, they have their problem with them. In this article, i'll be focusing on the problem with forex fundamental analysis.Fundamental analysis mainly focuses on the overall state of the economy, interest rates, monetary policies...more
Understanding Forex Trading Signals With the passage of time a growing number of men and women are taking interest in investing their quantities in Forex trading. No doubt, Forex trading is one of the most lucrative companies involving men and women and capital from all over the globe but the key to grow to be profitable trader in this company venture would be to predict the coming change in a prudent manner and to analyze the risk and...more
Trading Forex successfully is a not an easy endevour and if you approach it as an amateur you will join the 95% of new traders who lose and give up. In this article we'll take a look at a variety of factors which are necessary to master the game of Forex trading.1. Plan The Trade & Trade The Plan - If you want consistent results then you need to trade consistently. This sounds simple and obvious but because as humans we have emotions and emotional reactions it can be easy to get sidetracked. Most professional traders have a written trade plan and make notes each day to ensure that they follow the plan. In order to stay level-headed it's important that you believe in your strategy, which generally means you have experience trading it and believe that you will gain consistently over the long run by following your plan.2. Have Faith In Your Broker - A lot of Forex brokers are in the business to take your money and are not concerned with ethics. Take your time and do a lot of research on forums, blogs and chats to get an unbiased view of how the broker you are considering stacks up. Having the wrong broker can cost you your hard earned profits.3. Be Very Careful Trading Around News -...more
There are a variety of forex systems to choose from. For starters, there are systems which you follow where the rules are 100% defined (black box) and there are systems where the rules are not completely defined (discretionary). The most classical types of systems are:*Trend Following*Counter Trend*Scalping*Position Trading*Basket TradingTrend...more
Understanding Forex Trading - What sets Forex Apart? Today, more and more people are fascinated and interested in getting into Forex trading.This is because they are now seeing how viable and profitable the process could be. But of course, this can only be beneficial to those who understand the market very well.Natalia Osorio Editor of the...more
Forex Trading - Using a Multiple Time Frame Strategy One of the most dependable features of the currency market is its tendency to form trends in an assortment of time frames.Trends with the forex market can linger for weeks, month or even years and traders who support themselves with these trends can improve their chances for success. But why does multiple time frame strategy work?Natalia Osorio Editor of the "Best Forex Trading" website -- http://www.BestForexTradingUsa.com -- pointed out; "…The multiple time frame strategy allows the traders to trade only in the direction of the overall trend. Additionally, it requires the trades to be placed only after the price has pulled back to a favorable entry point. In short, the strategy does not allow the traders to enter long at the highs or short at the lows.The technique can also be utilized for shorter time frames. Like for example, when the active day trader can use the four-hour chart for long-term reference and a 15-minute chart for short-term reference…"By performing a role of a trend trader, your main objective is to use the trend to your own advantage. If the currency pair is in a downtrend, you should look only for...more
Forex Trading - Watching The Forex Press Trading currencies has one of the greatest advantages; the forex market is open 24 hours a day.Economic data have a tendency to be one of the most significant channels for any short-term movements in...more
Forex Magic Bullet Forum Do you want to earn money in forex trading? Of course the answer is yes. You have tried your best to carry on trade in order to make a fortune. But you failed many times because that you cannot master the market...more
Forex Trading - What A Forex Rate Is And How To Read It When we talk about the forex rate, we're talking about the relative value between two currencies -- how many of one the other is worth, in other words.For forex traders, the forex rate is...more
Forex Trading - What Is Hard Forex trading is one of the most popular investment options for people. Every day, the world uses one trillion dollars in money, transacting with foreign currencies. This is perhaps because of the rise of the...more
Hi Forex Neutrino Forum As the largest financial market, forex market has a great development in recent years with a daily trading above ＄1.5 trillion. However, few systems and software in forex market can bring significant benefits to the...more
Forex Magic Bullet Price Do you want to earn money in forex trading? Of course the answer is yes. You have tried your best to carry on trade in order to make a fortune. But you failed many times because that you cannot master the market...more