Forex

How to learn price action trading within a short period of time

Those who trade the Forex market knows about the dynamic nature of this market. Trading the financial instrument is one of the most complex tasks in the global market. According to the recent research, almost of 95% of the traders are losing money. However, there are many professional traders in Switzerland leading a luxurious life based on currency trading only. Most of the elite class broker like Saxo is now offering a high-quality trading environment to the traders. As a retail trader, you can trade all the financial instrument just from a single trading account. But having the access is not achieving your success. You need to develop a proper method to trade this market or else you will be losing money like the majority of the traders. Though you can use many different trading strategies today we will give you some amazing tips to master the price action trading skills within a short period of time. (more…)

Forex

How to manage your risk efficiently in forex

Nowadays trading the currency market is extremely difficult due to geopolitical instability and large competition. Earlier, traders were few in numbers and they can trade the market with fewer distractions. Now the trading market has become worldwide and almost every country is allowing people to trade in Forex. As a result, the market is bigger than any time in the history and also there are many risks increasing. Due to recent advancement in technology people like you and me can trade the currency pairs just from home. All we need is a computer with an internet connection. But this doesn’t mean that we will make profit 100 percent of the time. We need to learn to manage our risk in an efficient way to place the best trades in favor of the existing trend. (more…)

Forex

Choosing a Forex Broker

When we decide to do forex trading, in addition to technical expertise, monetary capital and  physical tools, we all need a financial intermediary that allows us to do our trading.

And here comes the forex broker figure, that will be commissioned by the customer to put his buy and sell orders on the market. The broker is therefore an institutional figure that connects the trader to the foreign exchange market by picking orders to buy or sell and entering them on the market, but of course each broker has its own peculiarities that should be analyzed.

(more…)

Forex

Taking advantage of the strength of the trend by trading with the adx

The ADX (Average Directional Index) is a technical analysis indicator created by J. Welles Wilder and is used to evaluate the strength of an upward or downward trend. The ADX is an oscillator that ranges from 0 to 100, but the trend can be described as strong only above 30 points. The readings above 50 points are very rare and in this case they testify an excessive sentiment to be used in a contrary view. Conversely, all the readings below 20 points indicate a weak trend that could lead to a short-term burst of volatility. Through the use of this indicator, we can understand at what stage of the market we are in at the moment: in trading range or in trend. This is quite an useful element for those who operate on Forex trading. The Adx has to be used together with other indicators, in order to avoid false signals and prevent significant loss of money to Forex trading operators after opening a Forex account. (more…)

Forex

Why choosing a forex demo account

Demo accounts have no major disadvantages for a trader who decides to open a new one, except the fact that they will not help him earning real money if the trading strategy proves to be successful. This type of trading accounts simulates the real situation but without the risks and commitments.

Nowadays, all the main brokers are able to offer free demo accounts to both potential and actual customers.

The experience of the past has taught brokers that focus on training and practice is much cheaper than just throwing on the market. Furthermore, there is the need to meet the needs of customers who want to test quality and services offered by the platform before paying their money to a broker. (more…)

Forex

The demo account, a good tool to avoid being a gambler instead of a trader

Part of traders in the forex market can certainly be defined as gamblers rather than professional forex traders. Lured by the possibility of easy money in a relatively short period of time, traders throw themselves on the forex market immediately using real money; as a result, they get strong disappointments and many of them are forced to leave the activity in the first months after the opening of their forex account.

The so-called gambler trader enters the game already believing to be a good operator with an appropriate level of technical preparation and a good deal of cleverness that will allow him not to run in the most common mistakes and substantial losses that are the bane of many beginner forex traders. (more…)

Forex

Basic Tools for Working in Forex

For those who want to do forex trading, there are some essential and cheap tools that allow traders to be always updated and aware of what is happening on the market, but also of the evolution of the  invested capital.

For the trader who needs a steady flow of information to support his operations, it is essential to get  among his forex tools, a complete calendar of events and macroeconomic data.

(more…)