Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks.
Forex trading in the U.S. is not the same as in other countries. Although the forex market is decentralized, traders in the U.S. have more restrictions than those in off-shore countries. The forex trading environment in the U.S. is heavily regulated, and brokers have to adhere to strict guidelines.
Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. And, combining the different approaches has been proved to be more beneficial in generating profits.
Early History of the Forex Peace Army In 2005, Dmitri Chavkerov started a website called Free-Forex-Trading-System.com (Currently Inactive). On this website, Dmitri listed quite a few different forex-related companies that he was involved with. He shared his experience with each of those companies and personally ranked each of them from 1 to 5 stars. The Middle Ages …
Dmitri Chavkerov – Forex Peace Army CEO I’m Dmitri Chavkerov (also known around the FPA as Felix Homogratus). I was born and raised in Siberia, Russia, immigrating to the US when I was a teenager. I started trading stocks in 2002, and forex in 2004. In 2005, after being scammed by several forex companies, I …
Forex sentiment refers to the overall feeling the market participants have about the performance of a currency pair. It is a useful way of gauging the feeling or tone of the market and then making appropriate trade decisions.
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Horizontal lines are mainly used to mark horizontal support and resistance areas on the chart, usually by connecting the price highs (resistance) or price lows (support). On MT4, vertical lines are mainly used to mark the date and time at which a candlestick has appeared.
Instead of Intro It is not simple to analyze Bitcoin sentiment these days, mostly because it doesn’t belong to itself. Those of you who carefully monitor other markets, not only cryptocurrencies, probably see that miserable plunge stands across the board – equities, commodities, and even the gold market. This is a specific time, guys, when …
Triangles are common patterns that come up on the charts when the price is moving in a contracting range. Within those patterns, the price moves in shorter and shorter waves. Triangles are a sign that volatility in the market is declining.
Back then, there were times when only big players like the large financial institutions, brokerages, and trading houses, could actively participate in the markets. However, with the rise of the internet, brokers made trading available to the average investors as well.
Trading the markets can become a tedious effort, especially if you follow the same routine every day. You look at the charts, search for the same setups every day, set the same target and stop loss levels, and then enter a trade.
When using the phrase forex swap in the conventional way it is used to describe a derivate trading product that is an agreement to exchange currency between two parties in order to reduce foreign exchange risk. More on this can be read here.
Trading session is the time between the market open and close during which trades take place. In the forex market, trading sessions are less specific when compared to the stock market as it effectively trades 24 hours and the market is only closed during the weekend.
Forex (FX for short) is the market where currencies are traded against each other. It is one of the most popular markets to trade, especially for a beginner. It is easy to start trading with a relatively small account with a wide range of brokers that offer competitive trading commission.