The currencies of emerging markets can be quite lucrative to the serious Forex trader, especially if you have a firm knowledge of the base currency in the pair with it—usually the U.S. dollar or the Euro. When you’re dealing with binary options, these lesser traded currencies can prove to be even more attractive because of the volatility associated with them. By finding and taking advantage of tiny movements, you can make 75 percent or more per trade, and this isRead more ….
This week, Trade Vantage went live. The group at Forex Traders Daily and Dustin Pass have released the newest version of the software TradeVantage. The software uses neural network artificial intelligence to skyrocket your profits as a Forex or any kind of trader. The results of the software have been tremendous and you can see what the results have been using the software free download. From looking at one particular section of trades we witnessed over 890 pips profit withRead more ….
Sentimental analysis is perhaps one of the easiest ways to make money trading. There is nothing that is truly “easy” in Forex trading, but successful sentimental analysis is based upon skills that most of us already have before we started trading. Rather than having to learn how to read charts or financial statements, sentimental analysis simply has us looking at the news and then figuring out what kind of impact that news can have on markets. This is why sentimentalRead more ….
The efficient market hypothesis stands in direct contrast to many of the tools that Forex traders use, including technical analysis methods. This theory states that market prices are not predictable because of the fact that asset prices fluctuate based upon consumer supply and demand. In other words, a currency cannot be traded above its natural progression levels for long periods of time because returns, on average, will be based upon the average market return. Any profits above this amount areRead more ….
Of course, having the right psychological demeanor for trading is worthless if you do not have the skill sets needed to be a successful trader. Whether you favor the fundamental or the technical side of things, you need to be skilled at what you do. Learn how to trade correctly before you worry about making the right decision for the right reasons. Most traders value a technical approach, but this is not always the best way to trade. While it’sRead more ….
Journaling, as we have seen, can be a powerful tool in your trading arsenal. Learning the psychology behind your trades can be just as enlightening as the more technical side of trading when it comes to turning a profit. For example, revealing your emotions in the moments before committing to a specific trade can give you a good look at why a specific type of trade just isn’t working out for you. If you tend to chase losing trades, thisRead more ….
Journaling and recording your trades can be the difference between profitability and losing money. It’s no secret that the simple act of keeping written records of your trading behavior can point out both good and bad habits. Once you can physically see what you are doing right, you can emphasize that practice with future trades. Seeing the things that you do wrong in black and white can also help you to become more aware of those negative practices and avoidRead more ….
The Euro, the official currency of the European Union, is one of the most widely traded currencies in the world, if only for the fact that Europe is one of the most active grounds for business. Only the U.S. dollar, the British pound, and the Japanese yen see anywhere near the same amount of trading activity in the Forex market. If you wish to trade the Euro, the factors that you will be looking at will be slightly different andRead more ….
Risk is an inherent part of the Forex market. Whenever you buy or sell a currency, there is always the risk that you will lose money. There are ways in which you can overcome this risk and make your trading capital less of a liability. Scaling back position size is a good way to begin as well as by using the TradeForge FX trading platform. If you are trading a volatile pair of currencies, you can simply trade with aRead more ….
The trading journey is tough. All of us know the industry legend that says 95% of traders will fail. What most people do not know is a big majority of the 95% who fail in trading fail due to reasons that could have been prevented. If I asked you why most traders fail, what would your answer be? Perhaps you would say things like discipline, risk management, poor strategies. These are all good answers, but none of them are theRead more ….