Forex Newbies - Forex Trading for Newbies Explained

Technical Indicators Lag

October 24th, 2011

This is a guest blog post provided by http://www.everestforex.com/: Technical indicators are a set of analytic tools used to detect pricing trends and to predict future movements in price. They can be classified according to the kind of forecasts or indications that they make and categorized into three types: Leading, Lagging and Coincident. A lagging indicator is an economic factor or event which occurs after a change in the economy has already happened and a new pattern [...]

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How Much Money Do I Need to Trade Forex?

October 22nd, 2011

One reason that Forex holds such an allure to many beginning traders is that the entry barriers are much lower with this market than most others. This is a huge advantage to those who don’t have a lifetime of savings stockpiled for trading stocks or other commodities. So how little can you get away with entering the market with? Can you really trade responsibly on so [...]

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Position Sizing Techniques in Forex

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 [...]

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Stop-Out Level vs. Margin Call

September 15th, 2011

When choosing a Forex broker and planning to open your first account, you will probably hear a lot about stop-out level, margin call, and leverage. While many brokers will only talk about margin calls, others seem to delineate between margin calls and stop-out levels. What is a stop-out level, and what is the difference between a stop-out level and a margin call? To start with, let’s quickly review the definition [...]

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Timeframes for Forex Newbies

August 27th, 2011

One of the many questions you’ll have to ask yourself when you get into Forex is, “What timeframe should I trade?” You’ll soon discover this question is a little more complex than that. You’ll not only have to figure out what timeframe to place your trades on, but what timeframe(s) you’ll be looking at to place those trades. Forex timeframes include 1 minute, 5 [...]

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