I’ve been trading the Forex market for over 10 years and have also taught others. The one piece of advice I always give is that it’s really important to plan your trade and then trade that plan. To formulate your trading strategy, use software such as MT4 and back test your stratgy over at least […]
With your Forex trading do you trade more than one currency pair at a time? How can you find out which currency pairs are correlating and which aren’t? This might be useful to know. Have you ever looked at the EUR/USD with the chart for USD/CHF underneath? Have you noticed that sometimes when the EUR […]
Forex trading psychology is very important to get right! It’s well known that 94% of all people trading the Forex at home fail. Sometimes this can often be the result of not having a good trading psychology or developing the right mindset for success. What if that was the only thing stopping you making consistent […]
So why should Fundamentals be added to your Forex trading strategy? Here are 5 reasons to read around the subject of Forex trading and general economic factors. 1. Firstly factors like Retail Sales figures and GDP will move the market. If your Forex trading strategy includes trading these events and it’s a fully back-tested plan […]
Forex Trader Alert! Yes you really can listen to MP3 files from this web site to give you interviews on trading related topics. There lots of information on a wide variety of subjects including the link below to the post and broadcast called ‘What Makes A Consistent Trader’.
How to understand the market before you start Forex trading and what you need to know to trade successfully. Do you need to know much before starting your trading for the day? Can you just trade the price action without knowing whats happening ‘out there’? Well I would recommend doing the 5 things below before […]
Read This 2010 Outlook For The GBP And See What Could Be Around The Corner For Your Forex Trading… Having lost over 20% of its value since 2007 a welcome resurge has recently been seen in the Forex trading market. But how will the currency fair moving further into the year? Alot depends on the […]
Happy New Year to everyone! Here are some great Forex trading tips and resources… Have spent some time over the holidays doing some research on good Forex trading tips and resources for you. OK so some of those I have found haven’t given any new information but have found a few really useful resources. Check […]