Emotions are an inevitable part of forex trading, often influencing decisions in ways traders may not even realize. Whether it’s greed, fear, frustration, revenge, or euphoria, every trader experiences emotions at some point. The key is not to eliminate emotions but to manage them effectively so they don’t interfere with your trading performance. In this…
Many beginner traders hesitate to try scalping, believing it’s a strategy reserved for professionals. Is scalping really that complex and risky? Do you need years of trading experience before attempting it? In this guide, we’ll break down the essentials of scalping and show you how novice traders can use this fast-paced strategy effectively. What Is…
Buy cheap and sell expensive – the basic principle of the speculator. The concept of the speculator has a bit of a negative connotation, probably because speculators do not produce anything or do not offer any services, but simply make profits from the difference in prices when buying and selling. But we should not feel…
We have been trading using support and resistance levels. Someone calls them pivot levels, some horizontal lines, but the essence behind it does not change. We are often asked how we determine what level is strong, and what is weak? Which level we should take into account and which not ? In this article we…
Let’s talk about the mood of the forex market. In theory the price should reflect all the available information about the market, but unfortunately it is not all so simple. Markets can not reflect all of the information, because in such case all merchants will operate identically. At the same time all traders realize that…
Competition in the forex industry is so high that even the task of having to go through all brokers in the search of the best one can cause you a headache – there are so many of them. The first thing you ask yourself is how to choose a good forex broker to trade? This…
Over the past few years the popularity of the Forex market has grown dramatically. Every day thousands of clients are opening accounts with the hope of earning easy money. Therefore, almost every single forex broker offers a demo account where the client can feel the beauty and excitement of trading in the foreign exchange market….
Sooner or later anyone of us has either heard or has seen the word forex. Here comes the question what forex is all about and what it actually is? The forex industry has begun back in 1971. Before that, all currency rates were paired to either gold or US dollar. The value of a particular…
Selecting the right forex broker is a very important and difficult task. It is important to understand that your success greatly depends on which broker you are going to choose. If you select a scam broker, you will never be able to make money even if you are using a very good trading strategy. Around…
The first step in becoming a successful forex trader is creating your own productive trading strategy. However, creating a successful strategy takes a considerable amount of time. Apart from that, you will need to have a good understanding of the market, an excellent trading discipline, trading plan, self-control and the ability to accept losses. The…