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How To Calculate Forex Pips
Spot Forex is traditionally traded in lots also referred to as contracts. The standard size for a lot is $100,000. In the last few years a mini lot size has been introduced of $10,000 followed by the now popular fractional lot size.Currencies are measured in pips, which is the smallest increment of that currency. To [...]
What New Forex Traders Need To Learn
Most new forex traders give up after 3 months of consistently reducing their trading capital.One of the reasons for this is underestimating the work required before one can be a consistently profitable trading forex. You could read all the forex systems in the world but if you do not get all the small forex trading [...]
Attributes of A Successful Forex Trader
What are the main characteristics of the best forex traders?
When I first started trading currencies, I spent a lot of time in forex forums and forex chat rooms. I spent 80% of my forex trading resources looking for that perfect forex system that would make me money every day, every trade and forever. It [...]
Forex Brokers – How To Choose
One of the most important things that a forex trader will do is choose their forex broker. It is true that your choice of forex broker can give you a psychological edge when trading forex currency . Going to various forex forums, you are likely to come across various complaints as to why a forex [...]
Forex Trading Mistakes
Forex trading can either be frustrating or exciting. Depending on the kind of forex trader you are, you are bound to face a lot of opportunities to fail trading forex. Yes , I said opportunities to fail not succeed trading forex. Making forex mistakes is a normal thing that even professional traders go through. Even [...]
Increasing Your Profitability With Forex Oscillators
There are very many forex indicators that are profitable. Forex Oscillators are just an example and include the RSI,MACD,Momentum etc. However, there it is possible for the forex trader to not use these forex indicators to their optimum effectiveness. A forex trader is only as good as how they interpret and use the tools that [...]
RSI Forex Trading Strategies
There are various ways that a forex trader can use the RSI indicator for his forex trades. Remembering that no one indicator is perfect on it’s own, the examples below are the various ways the forex traders can use the RSI to their trading advantage.
1. Buy on RSI From Oversold Territory.
Most forex system use the [...]
Fundamental News and The Forex Trader
There are two types of forex traders. The technical analyst who trades off forex trading charts and the fundamental forex trader who trades off fundamental forex news and underlying market conditions. There is also a middle ground where the forex trader uses both fundamental analysis and technical analysis to make a well informed forex trade.
Technical [...]
