Trading is a very stressful but exciting activity – its constant ups and downs lead to the full spectrum of emotions, from positive ones such as happiness, elation and joy, through to more negative emotions, such as fear, irritation, sadness and even depression. But is it a reason to quit? No! We all have down […]
The beginning of a New Year is often a time when we look back on what we’ve achieved in our life, both personally and professionally. It’s a time to re-evaluate our priorities, reflect on what we’ve done well and think of how we could do better. It’s in this spirit that people set New Year’s […]
As FOREX traders, we’ve closely followed the BREXIT issue during the first part of 2016. BREXIT’s effects on the markets (especially on the currency markets) resulted in many trading opportunities! We then shifted our attention to the US election and its impact during the 2nd semester of 2016. Here again, market participants haven’t underestimated the […]
While putting together your Forex strategy, you’ll need to find the right trading tools. It’s hard to do so with so many different options available, but the Ichimoku indicator allows any trader to take advantage of a complete trading toolbox with just one indicator. Read more to learn how the Ichimoku indicator works and how to interpret the different lines.
Building a comprehensive trading strategy is not easy, and you need to think it through based on your risk tolerance, trading style and financial situation. Let me give you an insight into 3 Powerful FOREX Strategies you can implement to take your trading to the next level.
The 23rd of June 2016. A day etched into people’s minds, the day that the British people decided to leave the European Union.
Nobody saw it coming. Bookmakers were betting on a “Remain” victory, and markets expected the same result, so when the results came out, investors panicked and triggered a sell-off that affected most asset classes, except for safe-haven assets such as gold, YEN, CHF and USD for example.
But officially, the UK hasn’t left the EU yet. Article 50 must be triggered first, and a two year period of negotiations will most likely follow. As investors, what should you focus on now? What should you expect? Where are the main moneymaking opportunities?
Building a trading strategy is obviously not easy, but once you’ve tested your trading system you can then follow it on “autopilot” – the system makes the decisions, you’re just implementing them. This allows you to be more efficient in the long-term. Why test your trading plan? How do you test it and what by criteria should you be evaluating it?
The timeframes offered by various FOREX trading platforms are essential elements to your trading plan and investment strategy. One of the most common questions from traders is “What time frame works best?” There are a few different time frames you can work with, so let’s see how you can use them to identify FOREX market phases.
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Even though each broker provides a record of your trades with some associated statistics, such as max drawdown, number of winning/loosing trades, leverage effect, profit factor and others, it is still very useful to have your own trading journal. Why is it so important, what should it include, how do you create the most effective one possible? Read on to find out.
The Non-Farm Payroll (NFP) Report is the main report that describes the strength (or weakness) of the employment situation in the United States every month. This report is one of the most important statistics for the American Central Bank, also known as the FED. What is the NFP Report? Why is it important for the FOREX trader? What does it mean for the FED?
