Yes professionals use moving averages and technical indicators, but probably not in the way you think. Rather that talk about it let me show you some examples of trade setups…
I live in Bangkok currently, this is my daily routine as a professional trader. I follow a very fixed schedule, for me checking the markets in the same order every…
"How difficult is it for a motivated scientist, well versed in programming-probability-statistics, to build an automated trading system from home?" I’ve done this, and I’m not a scientist (I’m an…
Make sure that the trading strategy yields a smooth equity curve, agrees with your personality and generates consistent results with reasonable returns. You should also make sure that the number and size of winners generated by the trading system exceed the number and size of losers. By so doing, you will assure yourself of longevity in the markets.
Opinion is split on this matter with some in favour of using trading signals, some in disfavour of such a move while others are stuck in the valley of indecision unable to decide for or against using forex market signals. It is my hope that by the time you are done reading this article, all your questions concerning this subject will be answered. This guide covers the following sections: What are forex signals? How do they work? How can they help traders? How can you choose them wisely? Why traders decide to use forex trading signals? What should you avoid?
Trading is a game of the mind and the statistics. You need to be confident that your strategy makes money. And this confidence lies in the numbers. If the numbers back up your approach in the long term, you will gain more confidence in what you are doing. This in turn, will make the trading a routine less exposed to biases and doubts
Leverage is a two-edged sword! I believe that by now you must have come across this statement. If not, let me be the first to tell you that the statement is true and you will do yourself a great deal of favour by taking time to let this truth sink in.
Swing trading DOES NOT mean entering a trade then swinging on a rope like Tarzan, it is more intricate than that. Swing Trading is one of the three main trading styles available to traders. New traders coming to the markets are often misled into thinking that day trading is the surest way to make money in forex. This is far from the truth. Matter of fact, day trading often can easily lead to a trading disaster for an un-experienced trader. Although this article advocates for swing trading, let me tell you upfront that swing trading is not for everyone. Your aptitude, patience levels and personality must match the demands of this trading style
Risk sentiment has been on and off during the last few months and the FX market was difficult to trade. Commitments of Traders analysis gave few signals in 2017. The reports were delayed few times due to Federal Holiday and the data came out too late, especially in December. Nevertheless There was one signal worth attention, which confirms once again how powerful C.O.T data is.
This is a quick introduction to risk and money management for forex traders. The point to drive home from this lesson is; You need to pat pay a lot of attention to your money and the way you treat it when trading. Learn about odds, expectancy and other important statistics. It does matter because when people first come to trading and in particular Forex the first thing they do is to find the fanciest trading system they can. The thinking goes if they can just find the latest and greatest system – all their dreams will come true and the millions will come rolling in.