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.
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.
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 …
With MT4 available on your phone, you can trade and monitor your trades on the go. The android platform is easy and intuitive to use, and it has most features that are available on the computer MT4 platform. You only have to cope with a smaller screen size on your phone compared to your computer or your tablet.
When starting out, it is typical for a beginner trader to focus all their efforts on finding a trading strategy or developing their own.
Many new traders will spend countless hours scouring the internet, watching video tutorials and studying courses in order to learn a strategy.
August has been a relatively quiet month for Bitcoin and some traditional markets. The price challenged the 12K level at the beginning of the period but has remained within a tight range since then. Does this indicate a drop in investors’ interest or energy building up for an explosion?
Happy Ponzi Day! 100 Years of Ponzi Schemes With my history of exposing Ponzi schemes and similar scams, why would I ever say “Happy Ponzi Day!“? I’m saying it today for one simple reason. Today is the 100th anniversary of Charles Ponzi being arrested for the type of financial scam that now bears his …
The MT4 platform is designed to make it easy for traders to trade. This means that placing trades on MT4 is a straightforward process. It usually involves two or three button clicks. It can also involve only one click If you so choose.