Making money on a consistent basis in the forex market can be a very difficult task to become good at. Making big money in forex is the result of a combination of dedication, passion, and rigid self-discipline. Many aspiring forex traders fail to realize the importance of the psychological ... Views: 3800
Forex trading is one of the most exciting professions to strive for success in; however it can become very solitary and lonely as it is generally done alone. Traders can benefit greatly from joining an online trading community to discuss their thoughts and ideas on the market. Forex forums can ... Views: 3461
Price action analysis is one of thee most effective yet simple techniques to successfully trade the forex market. Simplicity is key in trading any market because a simple method helps you regulate your emotions more effectively than a confusing indicator based trading system. Any one who has ... Views: 3090
No matter what method you use to trade the forex market, one thing is for sure, trading from a confluent level will greatly increase your odds of profiting. Price action analysis traded from confluent levels is one of the highest probability trading methods you will find. Price action analysis ... Views: 2656
The importance of finding a quality educational course or instructional site when first starting to trade the forex market cannot be over emphasized. So many aspiring traders get lost in the mess and confusion of various forex scams and so-called educational sites that it is no wonder most of ... Views: 2537
Profiting consistently in the forex market can prove to be a very difficult goal for traders who are using an overly complicated approach involving multiple lagging indicators or that are subscribing to a signal service. Any company claiming to be able to tell you exact entry and exit points ... Views: 2496
The forex market gives rise to some pretty amazing trends. Employing a method that will allow you to take advantage of these powerful directional price movements will give you an immense profit making opportunity. Price action analysis is one of the most accurate and thus profitable ways to ... Views: 2461
Learning to trade the forex market using price action is a straight forward yet highly effective way to learn how to trade. Finding yourself a very in depth and thorough price action forex training course is essential to your long term success in the forex market. There are many forex courses ... Views: 2399
Finding a forex mentor who teaches a highly effective yet simple to understand forex trading method is a crucial factor to getting started on the right track in the forex trading world. Forex trading is a business; as such you should learn the skills necessary to succeed at this business from ... Views: 1706
Risk management is a topic that many forex traders do not take seriously enough. In fact, risk management is probably the single biggest factor that is over looked amongst forex traders and this is the biggest reason why 95% of them fail to make money over the long term. The reason that so many ... Views: 1556
Getting the proper forex training is a crucial factor in determining your long term trading success. There are many websites out there offering an over priced trading system or signal service that does little more than hand feed you entry and exit points everyday without actually teaching you ... Views: 1538
The significance of simplicity with regards to the method used to trade the forex market cannot be emphasized enough. A simple method keeps your mind clear and allows you to focus your conscious mind on managing your emotions and maintaining discipline, rather than trying to decipher a confusing ... Views: 1460
Beginning forex traders sometimes get confused with the various chart forms and trying to determine which one is the best and most relevant to use. There are essentially three different forex chart forms that traders use to analyze the market. They are the standard bar chart, the candlestick ... Views: 1367
Attempting to become a forex trader can be a very expensive journey if you allow it to be. There are plenty of websites floating around the internet trying to sell you some indicator based trading method or a signal service for thousands of dollars. You can learn to trade forex from free forex ... Views: 1265
Many forex traders struggle with finding a solid method that is both adaptable to changing market conditions yet consistently brings positive results. There is a ton of information on the internet about various ways to trade the forex market and even more so called “gurus” trying to sell you an ... Views: 1218
Price action refers to the movement of a security’s price over time. This price movement can be tracked and analyzed on a naked chart; or indicator-free price chart, in which case it is called pure price action analysis trading. Price action as it relates to the forex market is a popular form of ... Views: 1196
Forex training should consist of a systematic method for teaching forex traders how to effectively trade the forex currency market. Finding effective forex training is very important for beginning forex traders since there is such a large amount of misinformation available on the internet these ... Views: 1116
• What forex strategies don’t work?
Forex strategies that are over complicated or over priced and that involve multiple lagging indicators or complicated programmed formulas are typically not conducive to successful to forex trading. Many traders erroneously believe they need to use such ... Views: 1104
Discipline is probably the single most important characteristic that all successful forex traders have in common. The consistently profitable forex trader has discipline enough to stick to his or trading plan, manage his or her emotions effectively, manage his or her money effectively, and has ... Views: 1062