The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation, as used by many retail traders and often institutionally where algorithmic trading is not employed. Since it ignores the fundamental factors of a security…
Experiencing losses is as much part of forex trading as winning trades. Unfortunately, a lot of traders take losses personally and they end up reacting to their losses by taking revenge trades. Many traders can’t handle losing, which ultimately drives many of them…
The primitive forces of capitalism rule markets like the laws of gravity. Buyers and sellers provoke a battle to find a happy medium agreement in every market on the face of the planet. As prices dance around on charts, traders…
The effectiveness of the trading strategies that require entering the market at manual mode mainly depends on the techniques of order execution. There are two types of order execution – Market Execution and Instant Execution, which have major differences between…
Forex trading is associated with buying or selling a currency pair in order to profit from the difference between the entry and exit price. Most traders spend more time planning and contemplating entry points than exit points. While proper trade entries…
“I never blamed the market… I had to have the proper process from mentality to preparation to execution if I was going to make it.” – Anthony Crudele Thomas Rowe Price, Jr. was born in Maryland, USA. He lived from 1898 to…
As a rule, after a failure, many people tend to blame everyone but themselves for their problems. They are unwilling or unable to admit their guilt for actions or omissions that have led to negative results. Traders are no exception,…
Many cite one of the biggest advantages of trading forexthe fact that it is decentralized unlike trading equities. The reason this is an advantage is that the forex market does not close for trading during holidays observed in individual countries.…
One of the key factors, which has influence on any trader’s success is his ability to correctly predict the market movements. The two main methods are technical and fundamental analysis of forex market. Wave analysis is a method of technical…
Forex traders invest significant time to develop and deploy strategies that will hopefully generate profit. A forex broker is expected to execute client trades in the best interest of their clients, which includes not trading against their clients. Not only…