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.
Managed forex accounts present a decent opportunity for those who don’t have the time to learn how to trade forex or enough time to actually trade their own forex account to still make some profits from the forex market. They also open up investors to the triple threat of scam, incompetence, and bad brokers.
Forex trading has come a long way in the past few decades and technology has made it easier to conduct technical analysis of markets. There are a variety of technical indicators available to use on platforms such as MT4. These indicators are not magic bullets, but they can give some indications of finding ideal entry and exit points for a trade. There are many indicators to choose from and as a beginner, it can be hard to know which ones to go with. In this article, we will take a look at some of the most popular forex trading indicators and look at what they show.
Not all your thoughts are facts. To become a better trader, actively challenge your thought patterns and cognitive biases.
All humans have cognitive biases that affect the way they judge situations and react to them. Traders are no exception. Traders are often nudged by instincts and impulses which interfere with their ability to make rational financial decisions.
Ready to fly? So, here is the end of the summer already, guys. And we do not occasionally put the mammoth as our headline picture. August is an exciting month because, with the strong rally on BTC, we have very few forecasts and analysis on the market’s sentiment. And in general – overall interest in …
DeFi has certainly made huge waves in the crypto industry. After emerging in the summer of 2020, there are now serious projects that are aiming to decentralise the world of finance. Let’s take a look at some projects that could be worth paying attention to and look at the creative solutions that they are aiming to bring through.
Cardano (ADA) is the fourth-largest cryptocurrency by market capitalisation, and has been touted by crypto analysts as a potential ‘Ethereum killer’. But, what does Cardano need to do to achieve this goal and what does the future hold for this project? In this article, we will take a look at some of the main differences between these two cryptocurrencies and discuss whether Cardano overtaking Ethereum could be feasible.
Silence before the storm? July this year is the most quiet month in the modern history of cryptocurrencies. I’ve tried to surf across the news, events, and analysis throughout the month but found just a few exciting materials. Overall news background stands routine – some funds, ETF’s have been initiated, new ASIC’s devices purchased by …
Fragile equilibrium So, guys – the first month since the miserable collapse passed. As we’ve expected – as BTC as ETH and other cryptocurrencies have spent this time in a tight range, trying to inhabit the new reality and accommodate to new levels. On a background of sideways action stands investors’ thinking process as they …
When preparing for action it is rare that someone does not look back at the behavior of others. Traders are no exception. Is it worth trusting all the movements of the trading community? Let’s find it out now.