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 …
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, …
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 …
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 …
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 …
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 …
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 …
The Keltner Channel is a lesser-known indicator but deserves a wider appreciation than it gets. It can be used to effectively identify either trending or ranging market conditions as well as good points for trade entries. In this article, you will see how the Keltner Channel indicator works and how it can best be used …
This is one of those articles that can cause a lot of discussion on the Internet. The reason for that is I will be discussing something that a lot of Forex traders don’t want to admit: Forex trading can be quite risky. I believe that is a situation that far too few traders pay attention …