At first, this name of the article might seem to you odd. Why the heck will I need a plan when I am clearly winning trades with my guts? I am not a master, but also, I have not got the time to plan my trade. It is only the foolish and scared people who carry a notebook and plan their trade. Forex trade is about taking the risk to make the profit. Isn’t it?
We do not know whether to feel pity for you or laugh at your word. Forex trading is all about planning. The more advanced your planning are, the more cutting edge benefit you got there in your plan, the more money can make from Forex. From the beginning, we have been telling you only a little number of people make money in Forex. In percentage, the number is only 5%. Do you think these 5% people trusts their guts and make random decisions to come home with their money? You are wrong. They only make money because they have a master plan. Read more “Why you need a solid Forex trading plan”
There are many different ways of doing certain things in the world. Techniques and strategies vary completely from person to person. The better you know about certain things the better you become at doing the assigned task. This also applicable to forex trading. If you are involved in forex trading then its highly imperative that you how to trade the market with the extreme level of precision. Most of the professional traders of CornèrTrader brokers are making a profit since they have educated themselves about the forex trading. If you truly want to become a professional trader in the financial industry then you must know about all the details of the foreign exchange market. In this article, we will give you five tips which will greatly enhance your trading performance. Read more “Amazing six tips to enhance your forex trading career”
In the Forex market everything happens according to the rules and as traders, it’s your responsibility to maintain discipline in the market. It is the key factor of trading the Forex market. When you are trading the Forex market it is important to select the best-suited strategy for you, sometimes selecting the best strategy can be the hardest task of trading the Forex market. If the strategy is back tested and you are confident about the strategy then it will be the best way to trade the market. A lot of traders do not understand that in trading the Forex market it is important to maintain discipline and a successful trading plan, without a trading plan it will be as if walking in the dark. Read more “Which one is the best trading strategy for you?”
There are many methods of trading the financial instrument in the market. If you are relatively new in forex trading then you might be spending hours after hours in front of the trading desk to find the best possible trades in the market. But if you look at the professional traders than you will notice they never spend hours after hours in front of their trading desk to find the best possible setups. Trading the financial instrument is just like doing any other business in the world. In order to make consistent profit in trading, you must trade the live assets with strong patience. In this article, we will discuss how patience will reward us with the best trading opportunity. Read more “Patience is the key to finding the best trades in the market”
The traders use the moving averages to calculate the momentum and find the areas of the support and the resistance. The moving averages normally calculated by the average value of the security’s price for a certain time period, the results will be a smooth price fluctuation. There is a weakness associated with the moving average calculation because the average is calculated by the information on the price. The past information on the price will cause lag in the current price activity when moving average is being calculated. If you are in the Forex market it is a must to know all the possible detail related to trading strategies, the pros and cons are also important when trading the Forex market. Read more “Amazing facts about Hull Moving Average”
The traders are the ones who make the trading harder by twisting and tweaking the trades. Trading is never easy unless you make it easy. As traders, you should not make trading harder instead you should make it simple.
Read more “How to trade in a simple and smart way”