We have discussed many different types of chart patterns to date. Today we will talk about a somewhat lesser known pattern but one that is still highly effective. I am referring to the Cup and Handle … [Read more...]
One of the most important elements in successful forex trading is money management. Structuring a trading plan without a prudent money management component, can seriously affect a trader’s profits and … [Read more...]
Gold is the most actively traded precious metal, with approximately 125 billion dollars of gold derivatives traded daily around the globe. The volume has accelerated over the past 10-years, as … [Read more...]
Many traders do not place very much attention on the actual time frame that they intend to trade or how long they intend to hold a position for. They may set a stop loss and take profit order levels, … [Read more...]
Should you practice forex trading using a demo account? This is a question often posed to traders of all levels, but particularly to newer traders. While you cannot replicate the … [Read more...]
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...]
Many of the technical analysis techniques commonly used by modern day forex traders had their origins in the early part of the last century, and a leading contributor to technical analysis theory was … [Read more...]
Currency futures were first introduced by New York-based International Commercial Exchange in 1970, but it virtually had no practical use due to the fixed currency rate environment governed by the … [Read more...]