When trading the forex markets, risk management is the single most important concept to learn. An exceptionally gifted trader will lose just as much as a bad trader without good money management. Forex trading is about opportunity. Traders need to be able to act when those opportunities arise. By means of limiting your risk, you […]

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It is one of the trickiest concepts in forex trading is the management of stop orders. Stops are defined as an order that you send or tell to your broker asking them to limit the losses on an open position. Stop losses are pending orders placed in the market, to close a position at a certain price point, if a […]

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The most common way to trade news is to look for a period of consolidation ahead of a big number and to just trade the breakout on the back of the number. This can be done on both a short-term intraday basis and a daily basis. Trading news is dangerous as wild and erratic price […]

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Position sizing is very important and it can vividly improve your strategy performance and help you avoid ruin, if applied correctly. An essential element of trading success is taking the proper position size on each trade. Position size relates to how many shares you take on a stock trade, how many contracts you take on […]

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Though there are many ways to trade currencies, picking common methods can save time, money and effort. By fine tuning common and simple methods a trader can develop a complete trading plan using patterns that regularly occur, and can be easy spotted with a bit of practice. Chart, candlestick and Ichimoku patterns all provide visual […]

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When people first discover out about the Forex market, it looks very simple and straight forward. A tremendous effort on the part of the trader to overcome the aforementioned mistakes, which are made by many Forex traders, is required to trade successfully and profitably in Forex. Lack of An Appropriate Trading Plan “Failing to plan is […]

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John Bollinger in the 1980s a technical analyst developed “Bollinger Bands”, to degree of real-time volatility for a currency pair. It is popular with technical analysts and traders in all markets, including forex. Since traders of currency look for very incremental moves to profit, recognizing volatility and trend changes quickly is essential. Bollinger Bands help […]

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Leonardo of Pisa or Leonardo Pisano also known as Fibonacci. The son of a Pisan merchant, Fibonacci traveled widely and traded extensively. Math was incredibly important to those in the trading industry, and his passion for numbers was cultivated in his youth. Fibonacci introduced a sequence is a series of numbers where a number is […]

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A Japanese man named Homma, discovered that there was a link between price and the supply and demand of rice, the markets were strongly influenced by the emotions of traders. He understood that when emotions played into the equation, a vast difference between the value and the price of rice occurred. Before the development of […]

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In the early 1920’s, Ralph Nelson Elliott discovered that stock markets actually traded in repetitive cycles, rather than in an unpredictable manner, using stock market data as his main research tool, and proved that these market cycles are directly correlated to the predominant psychology of the masses at the time and investors’ reactions to such […]

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