Do you have a proper trade management? Your answer might be YES! Because you know whenever you place a trade, you are sure to place a stop loss and profit target. In fact, that’s how I and every trader do. It’s more like a set-and forget system and it’s a good way to prevent our emotion fromRead More
It is the most important concept you must learn in order to become a successful Forex trader. If you can master this skill, you will be able to succeed in this Forex business. But without it, you are bound to fail. It is that simple. If you can learn to trade to your best interest, you will make a lot ofRead More
Everyone who want to trade, needs to open a demo account. This goes for experienced traders too; any time you learn a new trading technique, you have to practice it in a demo account first. And when you trade in a demo account, treat it as if it were all the money in the world,Read More
In my past trading days, Bollinger Bands is one of the indicator that I explored to see how I can make money with it. Making money with Bollinger Bands are so simple to use, so intuitive, and so accurate that it always surprises me that a lot Forex traders don’t use them. If you are losing money orRead More
To every experienced Forex trader, stop loss is part of their trading strategy. To many who are new in Forex trading, you might not know what stop-loss is. Why is it important? You might even ask should I trade with or without stop-loss. What is Stop-Loss? A stop-loss is an order that closes out your existing trade in order toRead More
Can you remember what are the most common Forex trading mistakes made by you as a newbie? Every trader has gone through this stage and learnt from their mistakes. If you intend to start trading Forex, you better read on to avoid these mistakes. Sometimes, it is easy to say but hard to actually implement. I think itRead More
In my trading years, I found that there is another profitable way we can look into. That is making money with support and resistance. Before we go into it, let me simply explain what support and resistance are, for those who are new to Forex trading. You’ll often hear analysts talking about a certain security approachingRead More
When I started Forex trading, using moving averages is one of the simplest yet effective strategies to trade. Moving averages are very popular trend-following tools. There are 2 types of moving averages that I have tried – Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). Neither one is better than the other but we needRead More
“Cut your losses and let your winners run” This is one advice that you always heard from many Forex experts or articles. So, as a beginner in day trading, we want to know how actually can we apply this strategy and what are the drawbacks that we may face. Most of the time we have this experienceRead More
If you are new to Forex trading, you might want to know how does trading currency work. Before you can understand the process, you need to know some basic information of a currency pairs. In this blog, you will learn about it. Basically, trading currency is a process of exchanging one currency for another, so eachRead More
