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.
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.
This is a bit surprising, but June is a relatively quiet month for the market, as from fundamental as from a technical point of view. Technically, Bitcoin, after completing our target on a daily chart around 10K area last month, shows minor retracement, less than 3/8, and coiling in a narrow range for three consecutive …
Horizontal and vertical lines are valuable objects in forex. They help traders make sense of market randomness. Horizontal lines show traders important support and resistance levels, whereas vertical lines help traders understand market cycles better. We will try to explain below how to identify where to draw those lines, how to draw them, and how to trade them.
Fundamental Analysis studies the underlying reasons why prices are moving. There can be lots of different catalysts behind moves in the market.
Often prices move due to economic indicators. These indicators are data points that track various sectors within an economy.
We remind our readers that we gave our analysis and predictions about the halving in January’s report. Despite some dark prophecies circulating on the Internet at the time, we said that the effect on the market would be minimal and that it would strongly depend on the price of the Bitcoin at the moment it took place.
If there was one thing the world’s retirement industry didn’t need now, it was the CoronaVirus. The $30 trillion monolith had already been collapsing under its own weight of advancing medical services and technology and increased longevity, on one hand, lower birth rates and a breakdown of nuclear family support on the other.
In order to trade the markets effectively and profitably, you need an edge. That edge is usually a carefully crafted strategy. A strategy, by definition, should enable you to take advantage of opportunities while avoiding potential threats.