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FOREX ARTICLES

Whether you’re looking for Forex articles that cover Forex basics or those that focus on more advanced trading topics, you’ll find what you’re looking for in our exhaustive Forex articles database. Browse by category to find articles about a specific subject or peruse the entire list to get a full picture of how the Forex industry functions.

Candle Charts, Getting the Big Picture

6/27/2016 8:18:03 AM

Candle Charts, Getting the Big Picture   When trading forex, profits come from correctly determining the future direction of price.  This is primarily accomplished through technical analysis.  One of the most powerful ways to chart prices is through the use of candle charts and the patterns created by the candles. Many traders don’t think of it this way, but the market at its heart is just buyers and sellers.  There is no one else, and your job is to figure out who ...

Automated Trading System Pros and Cons

6/22/2016 7:40:42 AM

Automated Trading System Pros and Cons   When an investor has developed a strategy that uses precise entry and exit rules along with money management, they can turn that strategy into an automated trading system. There are a large number of advantages to automated trading systems and below are a few. Removes Emotions from Trading. Once emotions are removed from the equation, any trading plan tends to perform more smoothly and consistently. Ease of Backtesting.  Backtesting ...

The Best Forex Platform

6/21/2016 7:39:32 AM

The Best Forex Platform   Which one of the many forex platforms is the best forex platform?  It’s actually a trick question, because there’s no such thing as the best forex platform. The quest for the best forex platform will depend mostly on your own needs and expectations for the platform. Some traders consider Metatrader 4 as the best forex platform.  While it is a solid platform, there are some who don’t like the user interface, aren’t comfortable ...

Why Capital Management is so Important

6/20/2016 7:34:55 AM

Why Capital Management is so Important   One of the keys to longevity in trading is capital management, also known as money management or risk management.  The trader who can minimize losses will have money left to trade another day.  One of the primary reasons traders end up out of the game is the inability to limit losses.  These traders take losses that are too large for their accounts to stand, and end up with no capital left to trade. Limiting losses isn’t difficult ...

Using Indicators the Right Way

6/16/2016 7:39:41 AM

Using Indicators the Right Way   Using indicators the right way is one of the most important steps in successful trading.  There are many types of indicators available and the parameters they measure are momentum, volatility, trend and volume. You can use one or more indicators to measure a single parameter. One of the biggest mistakes traders make when they’re using technical indicators to trade is using too many of them. Using too many indicators can be confusing. If for ...

Five Essential Elements of a Good Trading Plan

6/15/2016 8:01:51 AM

Five Essential Elements of a Good Trading Plan   Successful investors such as George Soros typically use a solid trading plan when trading. In other words, they do not rely on rumors or gut instincts. Given the success of the aforementioned investor in the financial markets, you, too, should adopt a similar trading approach. Here are five essential elements of a good trading plan to get you started: Risk Management If you do not have a risk management strategy, your trading plan will ...

Ask Yourself this before Placing a Trade

6/14/2016 7:51:17 AM

Ask Yourself this before Placing a Trade   The best traders don’t depend on luck to carry them to profits. Everything they do is deliberate. If you want to be as successful you should emulate their ways. Here's what to ask yourself before placing a trade:  What are Your Goals? Without a specific goal in mind, you’ll be wandering aimlessly in the markets.  Establish a goal you can work towards to sharpen your focus. All your decisions should be made to achieve ...

What is the MACD Indicator and how to use It

6/13/2016 7:44:06 AM

What is the MACD Indicator and how to use It   MACD is short for moving average convergence divergence.  It is believed to provide information pertaining to the momentum, direction and strength of a stock price trend.  Ultimately, the MACD denotes the difference between the exponential moving averages of fast and slow periods.  It is typically shown as a continuous series of lines where time is the horizontal access and divergence is recorded as a histogram or bar graph.  ...

What Exactly is a Forex Pip?

6/9/2016 7:50:41 AM

What Exactly is a Forex Pip?   When starting forex trading, traders often hear dozens of new terms that they may not fully understand. One of the most important terms in the forex jargon is the pip. What exactly is a forex pip? Read on to find out. Pip is an acronym for price interest point. It is a measure of the change in the exchange rate of a currency pair. One pip is the smallest change in an exchange rate. For instance, if the exchange rate for the EUR/USD, has four decimal places, ...

Five Essential Elements of a Good Trading Plan

6/3/2016 10:59:00 AM

Five Essential Elements of a Good Trading Plan   Successful investors such as George Soros typically use a solid trading plan when trading. In other words, they do not rely on rumors or gut instincts. Given the success of the aforementioned investor in the financial markets, you, too, should adopt a similar trading approach. Here are five essential elements of a good trading plan to get you started: Risk Management If you do not have a risk management strategy, your trading plan will ...