Escon deOjo's Forex

Original post by Surefire Trading Challenge
Some brokers are now beginning to quote the other major currencies to 5 decimal places. Rationally this should mean that one pip would be 0.00001 currency units, but the potential there for confusion is huge, if a pip would be worth 10 times as much with some brokers than [...]

Always keep in mind that some unexpected event like a natural disaster, war or sudden death of a political leader could throw the entire market into misunderstanding. If you are risking too much on each trade then at some time or another your funds will be wiped out. All systems have their highs [...]

Source: Forex Sabotage
The foreign exchange capital market is worldwide and so it is the biggest financial market in the world. There’s a lot of cash to be manufactured by trading your investment funds on the foreign exchange or currency market but at the same time it is a highly risky way to cope with [...]

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 [...]

Some people consider that day trading systems are more relaxed. But on the other hand, at the end of the day you can switch off your personal computer understanding that each trade is closed and nothing is going to happen to your account balance while you are asleep, so it can be simpler [...]

Forex trends and foreign exchange prophecies are not the same. A system that is based on trends involves taking a look at charts to see what the price movement has been over the last few periods. In this fashion it is usually possible to identify a long term trend of upward or [...]

Stochastics can be either fast or slow. This speed doesn’t relate to the amount of time periods that it covers, but how swiftly it’ll respond to a change in direction from bullish to bearish or vice versa. The fast stochastic is more responsive, like a fast vehicle. This is the mathematical [...]

1. Shortage of patience
Patience is one of the most significant qualities that any foreign exchange trader wishes to develop and it is especially true of scalpers who sit watching the market, often for hours at a time. It is easy to suspect that you see the conditions coming right and then [...]

There are several forex trading strategies. There are way more techniques that there are traders. And there’s a tendency to add as many indicators into the mix as practicable. That’s’s particularly subjective to the newbies. Somehow they think the more indicators you use, the more worthwhile your system will be. Unfortunatelly that is’s further [...]