Articles

A forex day trader’s objective is to take advantage of the random price movements of a liquid currency pair before the market closes for the day. The more volatile the market is, the more opportunities arise for day traders, regardless of… Read More

With over 170 different currencies occupying the forex space, it’s no wonder this market is considered the most liquid in the world. Growth in retail forex trading has been spectacular over the years. But, forex trading is regarded as a… Read More

Depending on funding requirements, trading styles, systems, specifications and a host of other factors, forex trading accounts vary across different brokerages. From the perspective of an investor, an account reflects a user’s risk… Read More

The sure-fire way to know a trading strategy works, is to start using it and watch your account steadily grow. But how do we know if a strategy is going to work before we put money into it? Well, we can't know for sure what will happen;… Read More

So far in this series, we've talked about how indicators basically work by identifying patterns. They do this by focusing on relationships between certain data points, and they are represented in the form of graphs to make patterns easier… Read More

In the previous entry in this series, we talked about the two different outlooks when it comes to setting up your trading system. Whether you are going to be a contrarian trader, or whether you're going to go with the flow. As mentioned,… Read More

If you've read the previous articles of the How to Set Up Your Own Indicator series, you'll know how indicators work, and specifically that they target patterns. Patterns offer a certain amount of predictability, and that leads us to have… Read More

Having understood how an indicator works from the basics article from this series, let's try to construct a very simple indicator to apply the fundamentals so we can better understand how an indicator works. So, we'll start with the… Read More

Everyone who has a license knows how to drive a car without needing to know how the engine works. But, those who are really good drivers - more importantly, those who make the most out of their vehicle - typically have a working knowledge… Read More

Once you've got your trading plan in place, it's time to put it in practice. This is the fun part that got you interested in trading in the first place, so you've likely already put a lot of thought into it. However, there are some ideas… Read More