admin on January 21st, 2012
If you’re going to trade Forex and you plan to do so successfully, then some kind of method or system is a must. Systems can vary quite a bit-yours may be mechanical, discretionary, or a combination of each. It may be based in fundamental analysis or technical analysis. Your Forex system will need to have entry and exit rules, though, and also incorporate other comprehensive strategies for success (money management, for example). [...]
admin on January 3rd, 2012
If you’re just getting into Forex, you’ll hear a lot of talk about “system” trading vs. “discretionary” trading. These Forex trading techniques are usually discussed as if they are completely distinct from one another, but in reality most trading methods rest somewhere in the middle. Which is better? That depends on you. “System” trading, or “mechanical” trading, means trading based off of a mechanical system [...]
admin on November 13th, 2011
One of the hardest decisions you’ll have to make while trading Forex is when to quit a losing trade. Don’t think you’re going to get out of this by having a perfect Forex system; while the best thing to do is obviously avoid losing trades in the first place, even with a really, really great system, it’s going to happen. Not only that, but a lot of Forex traders struggle to figure out [...]
admin on October 8th, 2011
Part of creating a Forex trading plan to become a profitable trader is deciding on a position sizing technique. The size of the positions you trade is part of your money management plan. Money management is as important as your basic trading strategy. Not only does your position sizing technique impact the results of your trades, but the amount of money you choose to invest could determine whether you succeed as a Forex trader [...]
admin on June 7th, 2011
This is a guest blog post provided by http://www.forex-trading-rookie.com/: Technical analysis in the Forex market involves monitoring price action to make decisions about when to get into and out of a trade. To help with the process of analyzing Forex charts, traders often use indicators. When using the MetaTrader platform, several indicators can be used by simply inserting them into a chart. Here are some of the most popular Forex indicators and how [...]
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