Forex Trading Basics

Traders have their own language. They use words that might confuse a “newbie” or a non-trader. Trading lingo is almost a type of secret handshake that lets other traders know that you’re a member of the trading community. There is a method to the madness of trading terminology. Many of these terms allow a trader to express a concise thought in one or two quick syllables. In … [Read more...] about Forex Trading Terminology

The problem with beginner traders is that they sooner than later tend to become over confident of their trade set-ups and once this over confidence sets in, they begin to expect guaranteed success. Over expectations of success leads to over leverage and then there is the danger of an account blow out. It may also happen that the setup may indeed work out but it is crucial to … [Read more...] about The Real Magic Bullet to Successful Forex Trading

Forex trading is not only quite challenging, but stimulating as well, and that’s probably because of the extreme risk involved in it. But these things are exactly what make Forex trading a thrill and acts like a magnet of attraction for many traders, making them jump headlong into it. But this is not the problem. The actual difficulty begins when traders start Forex trading … [Read more...] about Why Risk Reward Money Management is Crucial for Trading Forex

Developing and keeping a Forex trading journal is one of the important steps in Foreign exchange trading. In this post, I am going to offer you a trading journal to log all your trades which will help your trading journey and mindset. Why do you require a Forex trading journal? First off, you require a trading journal due to the fact that you need to track your trading … [Read more...] about Forex Trading Journal to Track Your Trading Performance

The backbone of any business lies in its planning. It is almost an unwritten rule that any business that does not have a plan to follow will most definitely follow the path of ruin. Forex trading is also a business and the rules that apply to other businesses apply here as well and it Forex trading requires effective Forex trading plan. Though there are many Forex traders … [Read more...] about 10 Crucial Points of an Effective Forex Trading Plan