Articles

Trading the FOMC Meeting

The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Each meeting is an important date on most traders’ economic calendars. Speculation in the run-up to the meeting and the fallout afterwards can spur flurries of volatility as markets react to the decisions made by this branch …

How to Trade Wedge Chart Patterns

Looking at the wedge chart pattern, it’s easy to see why it’s so popular with traders. This is because it’s easy to identify, and therefore has a bit “self-fulfilling prophecy” aspect to it. The fact that it also has a simple measuring tool built into it doesn’t hurt either, as it is very simple to …

Public Holidays and Your Trading Schedule

National public holidays can throw a wrench in even the most experienced traders’ plans. With exchanges and banks shut completely or operating on reduced hours, it’s crucial not to be caught out by surprise festivities when you are planning your trading schedule and strategy. Taking just three of the most important stock exchanges as an …

Trading Multiple Time Frames Accurately

While there are an unlimited amount of ways to trade the financial markets, one of the biggest issues that I see with new traders is that they do not look at multiple time frames. Throughout the FX forums you can see a lot of traders talking about their favorite timeframe, and while that is fine, …

Are You Overtrading?

You are working hard at trading Forex and having some successes. Yet somehow, at the end of every month, you have ended up with a loss. What’s going on? You might be trading too much. Here’s how you can judge if you are overtrading, and how you can fix it if you are. Emotional Trading …

Innovative Methods in Day Trading – High Probability Trading Strategies

There are a million ways to trade markets, and of course it’s very likely that the toolbox that you have can use a few more strategies. That is the point of this article, to give you a couple of ideas how to trade from a day trading point of view, which tend to be rather …

How to Make Money Trading Commodities

Unfortunately for most Forex traders, they tend to overlook an entire world of potential profit. After all, it’s not just the Euro, the British pound, the Japanese yen, or even the US dollar that people are trading. However, as Forex traders we have a unique insight as to what can move commodities, and most of …

Is Forex Trading a Scam?

After the financial crisis slightly more than a decade ago, there have been a lot of questions as to whether or not any type of investing or trading is truly profitable. Beyond that, if you try to explain to people that you “trade money”, then they are even more skeptical, because quite often it’s something …

The Difference Between ECN & Standard Account

One of the most basic questions when it comes to Forex trading is what type of broker to use. The answer of course will depend on your situation but let’s look at the main difference between an ECN and a standard account. ECN stands for Electronic Communication Network, simply meaning that computers are connected to …

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