As a price action trader, you do not care about the news impact on a particular market. Instead, you need to focus on price action patterns and price movements. While you should pay attention to Forex news events, you should not try to manipulate or outsmart the market. If you want to make money, you…
Category: Blog
Keeping Control of Your Trading Practices to Become a Successful Forex Trader
One way to be in control of your trading practices is to keep a written record. Keep a list of reasons you took action, and mark your chart with entry and exit points. List any emotions you had when you made the trade. Self-discipline is the key to success. Keeping a journal is an apt…
Trading Highlights That New Forex Traders Should Remember
If you’re a newbie to trading, here are some of the key highlights for new forex traders to remember. You should also learn more about market forces, technical indicators, and risk management. These can help you make the best decisions possible. You can begin by watching the video above and rereading the content if you…
How to Make the Most Out of Intra-Day Returns?
How to make the most out of intra-day trading is possible if you follow a few simple rules. Intraday trends don’t always last, and it’s important to remember that they often reverse, making it essential to make your profits large enough to justify your risk. A good thumb’s rule is to buy stocks that move…
Forex Trading Mistakes to Avoid
Before you go ahead, here are some common forex trading mistakes to avoid: Invest in a Forex simulator, do not risk more money than you can afford to lose, and never trade with leverage that is beyond your ability to handle. To avoid these common mistakes, be sure to do your research and develop a…
Earning More & More Through Forex Trading
You might be stepping into thinking, “How do I get rich through forex trading?” The truth is that it takes hard work, dedication, and a realistic perspective in order to be successful. The same rules apply as in any other business, such as knowing your market and staying realistic. Listed below are the keys to…