Tips for Reading Forex Market Charts
Almost anyone can trade Forex, but traders who understand how to read Forex market charts–and most importantly, how to interpret those charts–possess a distinct and sizable advantage. Below I provide some tips for reading Forex market charts which will hopefully help you profit from the largest market in the world.
Forex Trading RoomsForex Trading Rooms, it’s always better to trade along with others because they may see something you don’t and could help you get into more profitable trades, as well as keeping you from making those costly mistakes that all newbies are prone to make. If you are a new trader or have been trading for a while now you will be amazed at how much and how quickly you will learn for being apart of these live trading rooms.
Forex Trading Robots – Myth or RealityRobot currency trading is quite a new strategy that has been created for easing traders’ everyday work. With online automatic trading, any Foreign Exchange Market trader can leverage with the market expertise of online traders, even if they have no experience.
How to Be a Trader Lesson III – How to Find a BrokerTraders should not underestimate the importance of finding a good, reliable broker. Here I offer some basic guidelines, I think; you should consider when you decide where you are going to open your new account.
How to Be a Trader Lesson IV – Over-Trading the Root of All EvilPeople get involved in the Forex Market for different reasons. Many traders, like me, trade for profit. But there are others that just love the thrill of the game. Over-trading is one of the main reasons most accounts get wiped out.
How to Be a Trader Lesson II – The Best Indicator of All TimeRookie and experienced traders are always in the search for the best new trading indicator, Moving Averages, Pivot Points, MACD, or the old H.O.T indicator (that is heads or tails; and it indicates nothing). They are looking for that advantage that will give them an edge over other investors. All your trading decisions should be based on one single, simple, always reliable indicator. An indicator that the most successful traders of all time have used with huge success…
How to Be a Trader Lesson I – Technicians Vs FundamentalistsFirst of all I want to make it clear that when I say fundamentalists I am not referring to Bin Laden and company. And the technicians I am talking about would not be able to fix your computer or your TV. Many traders have been asking themselves, for many years now, if technical and fundamental analysis can be combined to make more accurate decisions while trading.
How to Be a Trader Lesson V – Do You Trust Your Broker?Sometimes a forex trading company, even those with a high reputation, rip off their clients. Do you know if yours is trading against you? You need to know if your broker is changing quotes in an irregular way. This is because some firms will make money by running your stops out. This will cause a perfectly good strategy to fail.