Today’s Forex lesson is a game-changer. In fact, it’s one of the most powerful trading insights I’ve ever shared. It took me two full days of intense focus and enough coffee to fuel a small army to put this together. So, if you find value in it, please pay it […]
Forex
15 posts
A complete trading plan in forex and crypto trading is crucial for achieving long-term success and sustainability in these highly volatile markets. Here’s why: Provides Structure and Discipline A trading plan serves as a roadmap, guiding your decisions and actions in the market. It helps you stay disciplined by reducing […]
Trading using indicators involves using statistical tools or visual cues on charts to inform your trading decisions. Technical indicators are heuristic or mathematical calculations based on the price, volume, or open interest of a security or contract used by traders who follow technical analysis. Technical analysts or chartists look for […]
A chart pattern is a formation on a price chart that indicates potential future price movements based on historical trends. These patterns form the foundation of technical analysis, requiring traders to accurately identify and interpret them. While chart patterns are essential for technical analysis, they can be challenging to master. […]
Trading psychology and risk management are key features in the makeup of a successful forex trader. When trading Forex, commodities or stocks, it is often trading psychology, rather than a lack of academic knowledge or skill in application, that is considered to be the primary originator of mistakes. Such errors […]
Hey there, welcome to the world of Forex trading! Forex trading can feel overwhelming at first, but don’t worry, I’m here to guide you through it. In this post, I’ll share three of my favorite Forex trading strategies that I’ve been using successfully for over a decade. The best part? […]
Knowledge Is Critically Important in Forex Trading for 10 Reasons: Understanding Market Dynamics Forex markets are influenced by a wide array of factors including economic indicators, geopolitical events, interest rates, and market sentiment. Having a deep understanding of these factors helps traders predict market movements and make informed decisions. Risk […]
What is Lot Size? In forex trading, the term “lot size” refers to the standardized quantity of a financial instrument being traded. The forex market uses specific terms to define different lot sizes, which determine the amount of currency involved in a trade. Here are the main types of lot […]
Sentiment analysis in Forex involves assessing the overall attitude of traders and investors toward a particular currency pair. It aims to gauge the market’s mood, whether it’s bullish (optimistic about price increases) or bearish (pessimistic about price declines). This analysis helps traders understand the prevailing market psychology and potential future […]
Fundamental analysis in Forex (foreign exchange) involves evaluating a country’s economic, social, and political factors to determine the intrinsic value of its currency. The primary objective is to predict future currency price movements by analyzing these macroeconomic indicators. Key Components of Fundamental Analysis in Forex Economic Indicators: Gross Domestic Product […]