May 28th, 2009
Pivot points is a widely used tool among the Forex traders. But many newbie traders don’t get the idea of using the pivots or just plainly end up using them in a wrong way. There are many types of the pivot points exist and also many ways to calculate them were developed, but here I’ll try to explain the methods of using and calculating the most basic pivots — [...]
Read the rest...April 7th, 2009
Trading currencies involves more than technical knowledge and up to date information regarding market news and events. Each trade has its own numeric particularities, which will determine your profit/loss depending on several factors, such as: lot size, pip value, spread and leverage. This article will explain in 3 examples how you can manage your buy/sell orders in order to successfully achieve the expected results for each one of them.
Read the rest...August 27th, 2008
Leonardo Fibonacci (1170-1250) was an Italian mathematician, considered by many to be the most talended of the Middle Ages. He popularized a number series, which would later be named after him, as a model of the rabbit population growth generation by generation, but it will later be discovered that these number can be applied to a variety of other situations, including forex trading.
Read the rest...August 26th, 2008
Drawdown and risk/reward ratio are two parameters to always keep in mind when trading forex, as they indicate your risk factor for your open trades in a very precise and clear way.
Read the rest...August 25th, 2008
The technique of scalping is a very popular one among forex traders, one loved and encouraged by online brokers, and which is made possible by exploiting the high leverages that are typical of this market.
Read the rest...Welcome to ForexNewbies.com, the premium resource for all your forex trading needs!
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