forex trading strategy

One of the biggest mistakes that many new Forex traders make is wrongly believing that they do not need a strategy. Lots of new FX traders think that successful forex trading is about merely looking at the charts and being able to trade…

Strange trading theories and beliefs exist and influence how traders navigate the financial markets. They range from kind of logical to downright bizarre, so let’s get stuck into this second episode! The Prospect Theory This theory…

The simple moving average (SMA) is probably the most basic MT4 indicator that FX traders have, but as previously discussed, it has a lot of uses. Partially because of this, it’s one of the most universal indicators, and as such becomes…

Human beings, by their very nature, like to feel a sense of control over their environment. This is probably why many of us still believe in the most bizarre superstitions. Of course, when you are dealing with something as unpredictable as…

As every trader knows, there is no guarantee the market will go the way you expect it; even if you have the best strategy, and the best fundamental understanding of economics and finance - there can still be an unexpected event that comes…

In the previous article, we looked at how traders can ignore the moving average and instead focus on just the Average Directional Index (ADX) and the Moving Average Convergence and Divergence (MACD) indicators to determine the trend…

Technical indicators are often used by traders for a number of reasons, but primarily to detect the changes in the markets. Technical indicators are relied upon for signs of any change in direction, or the momentum in the price of the…