A managed forex account is a trading account whereby the owner of the account deposits funds and allows an account manager the right to trade on the owner’s behalf. While the goal for having an … [Read more...]
As its name implies, the contrarian approach to trading involves establishing positions that are contrary to the present market sentiment. This particular trading strategy is often initiated at times … [Read more...]
A drawdown is a contraction in the value of a portfolio. There are several types of equity drawdowns including a maximum drawdown and a period drawdown. To identify a maximum trading drawdown, … [Read more...]
As the world’s largest financial market, the foreign exchange market easily dwarfs all other markets including the stock, bond and commodity markets by a substantial margin. The currency market … [Read more...]
Learning to read candlestick charts is a great starting point for any technical trader who wants to gain a deeper understanding of how to read forex charts in general. As you may already know, … [Read more...]
Even if you consider yourself a purely discretionary trader, you should still take some time to learn about automated trading strategies. Automated forex trading strategies provide the trader a … [Read more...]
Knowing when to enter the market is one of the most important skills in Forex trading. We should aim to hop into emerging trends as early as possible in order to catch the maximum price swing. One of … [Read more...]
Trading the forex markets takes hard work, discipline, a plan and the right personality to be profitable. You will be tested consistently and this will require a psychological mindset, which … [Read more...]
Understanding the reason why a currency pair moves is essential to development of every forex trader. At the most basic level, price moves due to supply and demand imbalances in the market at … [Read more...]
One of the first concepts that a trader new to the forex market will come across is that of the bid ask or dealing spread. Since most retail based forex trades are executed without the broker charging … [Read more...]