Understanding bonuses is very important for both the trader and the broker as each side has different goals in mind in this agreement, however bonuses can be beneficial to both. Forex trading is all about getting the best chance to win more money after investing a little bit. Such a chance can be both – sudden financial market movement and an extra that is specially provided by the broker you are registered in. An extra coming from the financial platform you use and making your profits bigger is the forex bonus, for instance. One...
Of the many market sayings that traders throw around, none may be more overused and less understood than the adage "The trend is your friend" As a trader, you have probably heard the old adage that it is best to trade with the trend. The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are tons of different indicators that you can put on your charts to help you identify a trending market and trade...
To be profitable in today's world technology and advancement forex traders must be proficient in reading and more importantly understanding charts, chart patterns and basic technical indicators. The forex market helps to promote the comparison of different world currencies against each other, and against other assets, to help individual traders and investors take advantage of conditional values for those currencies. One resource is in the form of currency charts that provide a visual demonstration of the worth of a currency against other...
The basis of technical analysis in forex trading is identifying recurring patterns on price charts that have a high probability of pre-empting a future price movement. Technical analysts are not necessarily interested in the fundamental aspects driving the market such as news or events. Instead, they look for specific patterns, levels and indicators within the price charts to guide their trading decisions. These price chart elements allow traders to read markets across any time frame and, if traded with discipline, can result in the...
In recent years, scientists have begun to suspect that emotion plays an important role in evaluating risk and making decisions. We are told that forex traders are trained to evaluate risk and information quickly and reliably, and they often have large financial incentives riding on their decisions--which should cut down on bouts of non-rational behavior. Even so, earlier studies have suggested that many successful traders base their trades on intuition and feelings. In the 1970s, two university behavioral science...
