This is a guest post by Oracle Trader
Following these tips in demo mode will mean you are learning something handy and passing the time without being almost convinced to leap into a real trade when the conditions are not right. Something like that may have some bizarre effects and it’s better to leave the [...]
Guest article by Xtreme Pip Poacher
If you’re losing with forex, you probably need a foreign exchange trading course that may turn those losses into profits. Of course this is the aim of any currency trading course, but only in the sense of the bottom line. No-one can have profitable trades one hundred pc of [...]
If we take a scalping system that makes an average of twenty pips on a profitable trade and loses a standard 30 pips on a losing trade, with eighty percent of its trades being profitable and only twenty percent losses, this is the edge for this system:
Edge = (80% x 20 pips) – [...]
This is a guest post by Forex Trading Scalper
This is the first of two articles looking at foreign exchange vs stocks from the viewpoint of the retail stock trader. But what precisely is the currency exchange market? How does it work?
Global Market
foreign exchange trading is a global affair. Currency [...]
This is a guest article by High Velocity Market Master
If you visit foreign exchange forums you will certainly hear people talking about scalping forex. Some swear it is the only possible way to trade, others say that it is a funny method which has no hope of making money.
In this piece we are [...]
All you need to start is a high speed Internet connection. You don’t even need any funds if you simply want to practice in demo mode at the start. Naturally, if you want to earn income you must have some to invest. One thing that many folk get wrong is that they risk too [...]
Your exact day by day trading plan is more about your position size, stop losses, close point for a successful trade, and so on. In this situation you do have a profit target, voiced vis the number of pips you will take if the trade is profitable. It’s not a brilliant idea [...]
The foreign exchange market, unlike the stockmarket, is open twenty-four hours per day in the business week. It is always business hours somewhere in the world, except on weekends and holidays. This means that foreign exchange traders can operate at just about any time of day or night, according to what suits [...]
Foreign exchange history is a fascinating subject that many traders don’t even think about. Currency exchange has developed immensely in the last few decades but the development of FOREX trading goes back a long way.
Early in the history of humanity there was no currency. People would exchange goods and services [...]
Any source of fx trading info will tell you you will need to test a foreign exchange system before you go live but how precisely are you able to do that? The reality is that you should do it in more than one way.
Back Testing
Back testing a forex system involves [...]