Forex Trading: The Most Common Flaws

Flaws due to multi indicators and due to the principle of confluence:Many traders are very much attracted to the sophistication offered by the multi indicators and use them in their forex trading systems. Many of the confluence system indicators show the price movement and in no way adds any value to the trade. Due to this, the traders either...

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Forex Profits by buying and selling at the same time?

This article is one of a series which looks at the advantages and weaknesses of trading using the hedged, grid trading system to trade volatile markets. We will look at how money can be made by breaking a number of trading truths or principles; * cut your losses and let your profit run and * there is nothing to gained by entering into buy...

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How to choose smart Stop Loss in Forex Trading

Here is step by step guide: 1. If price is close to recent high or low then place SL 5-10 pips above or below that point. This is very important. Prices do go back to test recent highs and lows and we need to set SL as per the recent price action. Trading on daily chart is bit tricky where such SL can be even 30-40 pips more on top of your...

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Learning the Ropes of Forex trading and Getting Ahead of the Game Early On

In the world of cut-throat business, it pays to know your way around. And in the world of forex trading it pays to know the market, the players and the stakes. In forex trading, you need to know what you’re looking at – the value of the currency you’re trading, the factors that affect the value of your currency, the trading strategies and...

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Learn How You can Make Gains from Using the Forex trading Grid Technique

The most important part of how to make money using the no stop, hedged, Forex trading strategy will now be covered. In the preceding articles in this series we reviewed trading without stops, not being concerned about which way the price moves and places to cash in on profitable transactions. We are now going to show how you would make money...

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Trading Forex Right in the Comforts of Your Own Home

Trading in financial institutions is one of the best ways to earn money. It is also one of the most promising career choices that people make today. With the opportunity to earn a lot of money, more and more people who are interested in trading in the financial institution have left their jobs to get a piece of the action in the financial...

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Information that You Should Always Watch Out For

Getting the necessary and the right information is one of the most important things in order to be successful.In a company, in the military, in the government, and virtually in any kind of organization, getting the right information is necessary to make the right decision. This is where all decisions are based from. Information plays a vital...

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What is a Forex technical indicator?

As you would know, foreign exchange is the largest market in the world, and the amount traded between the different currencies each day exceeds by far the largest stock market exchanges put together!Though the concept of forex trading was developed unofficially hundreds of years ago, it is only with the advent of technology that the real...

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What’s Fibonacci Forex Trading?

Fibonacci forex trading is the basis of many forex trading systems used by a great number of professional forex brokers around the globe, and many billions of dollars are profitable traded every year based on these trading techniques.Fibonacci was an Italian mathematician and he is best remembered by his world famous Fibonacci sequence, the...

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Elliott Wave Theory – The Myth and Reality

Elliot wave theory enjoys massive popularity - being described as advanced technical analysis, by many brokers and publishers.Elliot wave theory has a huge and devoted following - shame the theory has no basis of sound logic that can help you make money!Let’s look at Elliott wave theory in more detail and then look at sensible market analysis.The...

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