Forex Trading Psychology : Acknowledging the Risk

One of the key elements in successful Forex Trading is Trading Psychology. There are many factors that components that help to a trader’s psychological makeup. There is also no easy method to achieve the mentality of a Successful Forex Trader. There are also certain factors that influence a trader’s psychology which we should be aware [...]

Forex Trading: Advantages of Larger Time Frame

When I started trading, I was looking the forex chart at the time frame of 15 mins. After a few days. , I went to 5 mins chart, then back to 15 mins chart… My strategy then was earn 20 pips daily and trading using the support and resistance lines. I was thinking, “hey! Earning [...]

Forex Tips: Handling News with an Open Position

Last blog post, we discuss on trading Forex with the news. This blog post will discuss how to handle an open position when there is a major news that is coming. Before we carry on, I would like to make clear that there are some forex strategies wouldn’t be that ideal for this plan . [...]

Forex Tip: Trading with the News

Trading Forex with the news is very unpredictable. Personally, I don’t like unpredictable and irrational events. Not just in Forex, but anything in life. It makes me feel stupid. So my best defense against irrational, unpredictable events will be stay away from them. I mean, will you like to take a lift from a drunk [...]

Forex Tip for Beginner: Trade Safely

Unpredictable. That is the only word we can describe today’s economy. However, it is this unpredictability that allows Forex Traders to profit no matter the situation. Forex market provides one of the most remunerative advantages for you because it is transparent and highly liquid. Even so, it is extremely important to learn how to trade [...]

Forex Strategy – Ride the Major Trend Every Time

This method is often use by a lot advanced forex traders and they make a big loaf of money from their FX trading. This method may a bit hard to digest at first, so read as much as you can. It can really help you make more money from forex by just 30 minutes a [...]

Forex: Plan your Currency Trades

“Buy when the price is the lowest, when it goes up. Sell it” Sounds familiar? This is the same common advice I keep hearing for uneducated Forex traders wannabe. Nothing wrong with the advice. Be it long or short, that is what we are doing all the time. However, the questions lies in “How do [...]

Forex: Money Management

“With Good Money Management, even you are using the worst Forex Strategy you still can make money in Forex.” Goh Huang Yong The purpose of Forex Money Management is to ensure that we do not lose money excessively and it is one of the most important things we should learn before we really go and [...]

Forex Trading: Demo Account vs Live Account

It was a nice Saturday evening. I was waiting Manferd at the Central Mall. It was drizzling, which explains why he was going to be late. He came in the Starbucks with his hair wet, but it was still remain spike. I remind myself what hair wax he is using. I waved my hand, and [...]

Forex Forecast: Recovery on US Growth is Quicker than Expected in Q4 2009

The American’s economy recovery is faster than most forex analysts predicted in year 2009 final quarter. U.S Gross Domestic Product (GDP) rise rapidly at 5.7% annual rate at 4th quarter 2009, above market consensus of 4.5% to 4.8%. this makes it the largest quarterly growth since the 3rd quarter of 2003, which was at 6.9%. [...]

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