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How Do the Millionaires Do It?

There is an old saying that I think is not too far off in Forex – “those who can, do; and those who can’t, teach.” I have learned that there are many wise “gurus” out there talking about Forex, but it hurts my heart to know that innocent people are following them and these “experts” don’t even have a live “funded” trading account. Many people talk a good talk, but when the rubber meets the road and it is time to put your actions where your mouth is, that is when they…

The Forex Analysis Break Down

The RSI measures the ratio of up-moves to down-moves and normalizes the calculation, in order that the index is expressed in an array of 0-100. In the event the RSI is 70 or greater, then an instrument is assumed to be overbought (a position during which prices have risen greater than market expectations).

Advantages of Forex Social Trading Networks and What to Consider: Copying a Trader in a Network

In the last couple of years is a new feature available on some of the online trading platforms. It is called a Social trading network; it is a platform connected to the trading platform. It gives the traders possibility to follow other traders’ trade and even copying their trades. As it is social it is also possible to interact with other traders and develop trader experiences through the interaction.

Tips on Forex Trading

Success in the Forex market is not the experience of a privileged few as some would have you believe. Instead it is the result of careful planning and strategic implementation of the policies and the strategies they have mastered. As such, it is something that can be achieved by virtually anyone as long as one understands just what makes the Forex market do what it does. What are some of the tips that individuals should look out for when trading the Forex market?

Psychological Phases Every Trader Goes Through With

Trading in the foreign exchange market is not just based on the fundamental or technical analysis; in fact it’s much more than that. You must have witnesses the scenarios where the market moved in the opposite direction after the data release, or even ignored its technical points due to strong fundamentals. There is more of a psychology involved in this market that plays a key role in driving the movement of the market, where many make profits while many lose because they could not get hold of their emotions – greed and fear. There are a few psychological phases that every trade goes through with, understanding of which could help you curb your losses and trade green more often.

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