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Very few Forex traders realize the importance of having an exit strategy. Majority of the traders are just focused on learning how to pick up a good entry strategy and the exit strategy lies ignored somewhere at the corner. It is a fact that you will find numerous brilliant market analysts out there who can judge the market direction with 80% precision but still suck at making … [Read more...] about Forex Trader’s Almanac to an Effective Trade Exit

Have you ever seen a ship sail into the ocean without a compass to guide its journey? Having a trading plan is just like that; it helps to guide you through the trading process smoothly without any hiccups at all. But the secret to doing this efficiently lies in having a plan that is very simple to grasp and apply. In today’s post we will discuss the components that make up a … [Read more...] about 7 Crucial Components of a Simple Trading Plan

Crying over spilled milk is something that most people do at least a couple of times in their lifetimes. But with some Forex traders, it definitely is a very commonly recurring phenomenon. Crying over lost opportunities to profit from Forex trading can be very destructive in the long run, especially when such incidents keep repeating over and over again with frequency. Forex … [Read more...] about Tips to Become a Confident Proactive Forex Trader

Forex trading needs a certain mindset or a certain psychological environment to progress in the right direction. This is a very important aspect of indulging in Forex because even the best of Forex traders who have mastered the best of skills cannot succeed unless they learn to discipline their mind before and during trading. This post will discuss how to develop a … [Read more...] about The Forex Trader’s Guide to Developing a Profitable Trading Mindset