When trading in markets, it is often beneficial to have a strategic approach. While the concept of trading on hunches and whims – and being profitable doing so, may sound attractive; in practice it is much more difficult and far less likely than if one had a formulaic approach with which they look to speculate in markets. Countless forex trading strategies have been invented over the years, some relying on technical use of charts and numbers and others relying on a fundamental understanding of the market with reference to current events...
With forex trading, the thrill of the chase when executing a series of trades can be intoxicating. However, it is important not to lose your shirt in the process. Even the best traders can go on multi-trade losing streaks that can last for weeks, only to recover later. If the same trader is using too much of their trading capital with each trade, they can be wiped out. This is where good risk management policies come into play to ensure that they can stay in the (trading) game long enough for future trades to recover earlier trading losses....
If you want to succeed in the forex market, you need to be able to plan ahead. If you decide to dive head first into the forex market without any preparation the chances of you succeeding are very unlikely. You need to know what you're looking for, what your aim is and how you plan to achieve your goals. Many sources will stress the importance forex trading plans, not only for beginners but also for the most advanced traders. A forex trading plan isn't really any different from any other plan you could imagine. It is an outline of your...
You may have noticed that the value of currencies goes up and down every day. What most people don't realize is that there is a foreign exchange market - or 'Forex' for short - where you can potentially profit from the movement of these currencies. As technologies have improved, the forex market has become more accessible resulting in an unprecedented growth in online trading. One of the great things about trading currencies now is that you no longer have to be a big money manager to trade this market; traders and investors like you can trade...
Forex trading by retail investors has grown in recent years, thanks to online trading platforms giving everyone the ability to trade from their houses. One of the reasons so many people are attracted to trading forex compared to other markets is that with forex you can usually get much higher leverage than you would elsewhere. A common question many traders are asking them self is, should they trade forex with leverage and how much leverage to use? The concept of leverage is used by both investors and companies. Investors use leverage to...
