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.
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.
Want to get free forex demo account fast without registering with any Forex broker? Follow this MT4 tutorial and Rimantas will teach you how to download MT4 and open MT4 demo account without a broker in a few minutes. In this video guide, you’ll learn exactly how to do that. Rimantas makes it simple for …
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.
Back when the FPA was new, there was one unique bit of Felix’s philosophy that really struck me. What caught my attention was that he talked about always donating 10% of his trading profits to a worthy cause. He said that when he did this, new opportunities opened up, and when he didn’t do this, good opportunities were few and far between. This helped to resolve a deep ethical dilemma I have had with the whole concept of forex trading.
The breaking of mid Autumn sleep The autumn time this year is quiet for the Bitcoin market. The whole summer, investors were preparing to big shifts in the market’s structure – news headlines were rather promising, suggested Bakkt futures launch, Bitcoin options, big institutional investors’ enter on the market, etc. Here and there were a lot …
Over the past 12 months, Forex trading has seen a bit of a renaissance, with lots of Forex trading firms and projects taking hold among the community. It looks almost as if the market had suddenly become popular and everyone was jumping in, with more people taking to day trading.
The forex market is almost a mythical attraction to people who want to quit their day jobs and spend their days making easy money by clicking buttons on a PC. It’s easy to invest in forex, and best of all, there’s so much money to make here for those who know what to do.
While, technically speaking, forex trading is all about knowing what to trade and when, the truth here appears a bit more complex. While we may have the knowledge and be good at something, if we happen to lack motivation, then the potential to succeed is diminished.
Quiet start September month is one among most quiet in this year, not just because of fundamental news, but on price volatility as well. By looking at weekly chart of BTC – every next week has smaller range than previous one in September. News background is also not impressive. But – we have the major …
If you can’t win the high leverage game of FX trading as a day trader, you may want to learn a few useful practices. They will save your balance from a complete drain. Usually, novices lose their capital in an attempt to make money quickly. Forex demands more effort than just mindless investing. But even the educated traders are not fully protected from occasional losses. The following guide will save you from the most common mistakes and will give a few useful tips to become a successful day trader in the FX market.
So, you’ve made a decision to change your life drastically and become a trader. However, be prepared – all novices in FX trading make the same common mistake in the very beginning. Whether they are too optimistic and believe the can become millionaires in a few days or they tend to be quite pessimistic, thinking that only super-smart people can work as FX traders. As usual, the truth is somewhere in the middle.
Do you hate the style of MetaTrader 4 charts? Black and greens sure look ugly. But do you know it’s possible to change MT4 chart style and save it as a Default Template? In this tutorial, I’ll explain how you can do this yourself.