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What Is A Forex Trading Journal And How It Can Help You Succeed

Creating a Forex Trading Journal, means to list all your positions in the forex market and their criteria. With this method, you will not simply lose your money but instead you will learn from your mistakes. We strongly recommend that you use a trading journal in your forex trading, especially if you feel that you’re still in the "acquisition experience trader" phase.

The Magic of Forex Technical Analysis

Technical analysis is the study of the financial markets, which involves the analysis of what has happened in the past. Based on market (past) charts, the investor tries to determine what will happen in the future. The analyst, tries to spot some recurring patterns in the past and use the knowledge of these patterns and apply them in the current market. This tool is one of the most basic and vital tools for just about any trader.

Why Does The Euro Generally Stand Better Than The US Dollar In The Forex Market?

Why the euro stands generally better against the dollar in the Forex market? It is indeed a question that we are entitled to ask, since the economic situation and growth prospects have generally been better in the United States throughout the years than in Europe.

The Importance Of Economic Conditions On Forex Trading

The economic context of a country influences the appreciation or depreciation of the currency in the Forex market. All traders should have a thorough knowledge of all the elements affecting the global economy to be in the position to feel the market and by following the trend make the right and profitable decisions that will lead them to success.

Always Be Updated With The Latest News When Trading

To be profitable in Forex, it is vital to consider the economic and political global events. Factors that influence the currency rates are unemployment, the trade balance, GDP and the development of the sector of goods and services. All these indicators are used to determine precisely the tendency of a value in the short, medium and long term. Remaining up to date can make the difference between a losing and a successful trader.

The Golden Rules of Forex Trading

Before entering into any transaction, you should know your pain threshold. The best way is to make sure that your losses are controlled and that you will not enter a trade for emotional reasons. Investing in Forex trading is difficult; there are many more losses than successful transactions and if you do not abide to these ‘Golden Rules’ the results can turn out to be quite bad!

The Three Main Keys to Successfully Invest in Forex Trading

Virtually anyone can get lucky some time or another and make a profit in the forex market by trading only a few times because there are moments in which the exchange of currency pairs moves up or down and by following trends and entering in the right moment one could easily generate profits. However, if traders do not abide to these 3 basic principles the results could be devastating!

How To Position Stop And Limit Orders When Trading Forex

As we approach the forex trading field, we often focus on two things. The trend study, to know how to position our trades and to obtain trading signals with technical indicators to know when exactly to enter a position in the direction of the trend. However, what very often beginners forget is this is not enough to trade successfully, you must also learn to choose and manage Stop and Limit Orders to secure your wins and prevent losses.

The Magic of Forex Fundamental Analysis

Fundamental analysis in Forex, comes down to the main statement which says that the currency of the country with performs better, is stronger against the currency of a country with a lower performance. The result is that the country’s currency that has an uptrend will strengthen against the country’s currency with the downtrend. The understanding of Fundamental analysis is vital for any trader within the Forex market.

Forex Candlestick Charts – The Oldest Method for Analyzing Graphs

Japanese candlestick charts is one of the oldest methods for analyzing graphs. In the United States and Europe they appeared very late, at the end of the nineties, however, they immediately gained a huge crowd of supporters. Today, candles provide very useful information for all kinds of investors, either at a beginner or very advanced level. So make sure you study well their use to be able to better understand Forex and trade with success!

The Great Importance of Leverage in Forex Trading

The leverage associated with forex is much higher than that offered on other financial markets such as stock markets or commodity markets. It is a very powerful tool and can assist in generating huge profits only and if used wisely and of course in moderation. If used without a proper strategy and merely as a tool of greed in an attempt to become suddenly rich, the results can truly be detrimental.

What Is The Exchange Rate Index In Forex Trading?

In this article we will take a look at the Exchange Rate Index in the Foreign exchange market. This index assesses the price changes on the foreign exchange market. Thus, we will focus on the calculation of the ROC indicator.

Earning Money With Forex

Have you heard of Forex, or the foreign exchange market? This is where countries from different parts of the world exchange their international currencies. Excluding weekends, the market is active 24 hours for five days a week. Different currencies have different values compared to one another, and the foreign exchange market determines these values. You can make a lot of money with Forex by trading currencies with other currencies of a higher value. This is called “buying low and selling high.” Learn more about Forex in the following article.