Instead of battling losses trader needs to accurately analyze unfavorable situations and take lessons from losing trades. Do not repeat mistakes again and again without learning again but do not do...
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Instead of battling losses trader needs to accurately analyze unfavorable situations and take lessons from losing trades. Do not repeat mistakes again and again without learning again but do not do...
Opening a trading position must be first of all about how much money may be lost and then what would be the profits. Good money management implies that trader is expecting to win at least twice as...
To profit in Forex sticking to a set of rules is not enough. Good money management is also needed. Knowledge of how much to trade per each open position and where and when to stop is what separates...
If system had proven to be successful, sticking to the trading plan and firmly following the rules even when losing money will eventually yield profitable outcome. Having strong trading discipline...
What some traders do - and what we suggest you do as well - is that they plot a couple of moving averages on their charts instead of just one. This gives them a clearer signal of whether the pair is...
The simplest way is to just plot a single moving average on the chart. When price action tends to stay above the moving average, it would signal that price is in a general uptrend. So now, its very...
As the name suggests, one method of trading support and resistance levels is right after the bounce. Many retail traders make the error of setting their orders directly on support and resistance...
Scientists are only now beginning to realize the effect of emotions on a person's thought process. It has been found that emotions are “indispensable” components of rational thought. For those who...
Psychology in Forex is almost as important as the money that traders invest in the market. Without the proper mind-set, trading can be intimidating and confusing. Those who lose the most money in the...
With how strongly the dollar has been performing, sometimes you just can't help but look for signs of reversal. If you look at Cable's weekly chart, this is exactly what you'll see. Cable, after...
Man, oh man! It seems like the euro bears are running out of steam and might need to take a breather from the recent sell-off. The pair is currently making its way back to 1.2500, a level that has...
You have to have the trading knowledge and experience to start forex trading online and making money. Making money through forex trading is easy, but you should learn how to do it, otherwise you will...
Just keep on trading demo accounts but you must remember there is a big difference in trading demo account from real one. In demo account there is no excitement. In real you will feel a lot of...
Just follow one pair. There's a tendency that you might be successful if you master one pair only. Trading in various pairs may result to confusion and if you cannot handle it, you will become...
Almost all forex traders know that Gold and US Dollar markets move against each others. It means when gold price goes down, USD goes up and visa versa. Therefore USD and gold are highly correlated...
There is no such thing as you trade without losing. But it's a matter of how often you loss and how much you loss. That's why in forex trading there is the so called risk management technique.
Successful trader never share their strategy. It is very expensive to learn the best way to trade. Before they learn the timing of trades, they spent a lot of money.
the best way to trade gold is using the weekly time frame. Getting the last week low and high, this will serve now as you support resistance
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