Forex education is our category dedicated to group all informational forex trading advice. This includes information for beginners and experts. Forex 101 includes resources and more to get you started on your trading plan.
Whether you like them or hate them, you got to respect them. Especially after that spectacular Super Bowl 51 performance. The Patriots have just set a record for the biggest comeback in Super Bowl history. Keep and open mind, they may teach you the best forex lesson you will ever learn. How Does This Apply To Forex? There is a football team, in the NFL, that has a system so perfect that they are now [...]
Deciding when to take your forex live is one of the hardest choices you will ever make. Are you ready? What if you lose all your money? Should you keep practicing another year or take the chance? Hopefully, these 6 tips will help you come to a smart choice. 1. Pick Your Strategy Jack of all trades, or master of one? Take sports as an example, how many people can be great at more than [...]
Currency pairs are a mechanism that compares two separate countries’ currencies against one another. The relationship between the two currencies is inverse, which means that, if one goes up, the other must go down. Why Were Currency Pairs Created? Currency pairs allow the foreign exchange market to decide which currency is stronger based on technical indicators and fundamental analysis. Moreover, it determines the exchange rate at any given time. For example, not too long ago [...]
After a long and comfortable downtrend, it looks like AUDUSD is turning around and going to test a key resistance level. But it's safe to say that forex wouldn't be so much fun if it wasn't for these moments. Many traders like to try and guess during these uneasy times, however, sometimes it is better to sit back and watch the market do its thing. Important Points to Consider When Testing Resistance One of the [...]
Money management is a fundamental skill for the accumulation of wealth and forex is no exception. Proper forex money management will not only take away the stress of guessing, but it will also help you become a profitable trader. Our goal is to win more trades than we lose and not only to win more, but to make sure the wins outweigh our losses. Forex Money Management Example If we bet $10 on a coin [...]
I would love to be able to say that after 18 months of staring at charts and constantly checking my equity I have mastered forex trading, but the truth is that patience is not something forex will teach me. Patience and discipline is what gets us up on time every morning and back from lunch on time. Patience and discipline in forex is about checking your charts at the correct times (according to your trading [...]
Although many traders consider forex trend trading elementary, it is essential for every trader to remember this forex fundamental. Every now and then as a forex trader, successful or not you will find that it is best to take a step back. After a 6-month spree of great trading, I have hit a wall. It is nice to think of forex trading, or any trading, as a never ending trend upwards but the reality is [...]