You can’t expect to get it all right from the start, so keeping a trading journal and reviewing it regularly is important to help you improve. It’s a good idea not to critique your trades too quickly, as you may still...
Latest Posts
Trading Strategies and Principles
As this is the last module, and contracts for difference and spread betting are in any case available on virtually any financial instrument, it’s appropriate to go over the overriding principles that cover all types of...
Continuation Patterns
Continuation Patterns Although at first sight continuation patterns may appear to be unnecessary and not useful for trading, they can provide you with a clue about whether to stay in the market or to take your profit. Candlestick...
Trading Journal
As part of your trading system, it’s important to keep a check on your open positions and your overall performance. There are losses in trading and in the business of trading there are also expenses to consider. These need...
Summary
Forex trading has many advantages, provided you use a reputable dealer and are careful about the high leverage available. Your account for spot Forex trading can be much smaller than required for trading many other markets...
Forex Trading: Capitalization and Leverage
Capitalization Because of the amount of leverage which Forex offers, it’s easy to get in over your head, and all previous advice about position sizing and limiting your losses should not be disregarded just because you...
How Are They Dealing?
A very important aspect of choosing a broker is learning how they are dealing in the currencies. You see, some brokers operate the retail side with a dealing desk, and in this case if you are winning it may be that the broker is...
Forex Brokers
Now it’s time for a warning about Forex brokers. In my reviews of the Forex brokers available, I’ve discovered some which you would not want to trust your money to. Some operators seem to make a habit of giving less...
Intermarket Relationships
In this interconnected world, every market interacts with everything else, so it’s no surprise to know that there are some pointers that you can use when you are trading Forex, and these will start you off in the right...
Analysis of the Forex Markets
With the size of Forex trading, and the many different international markets involved, it’s true that some of your technical analysis tools aren’t appropriate — particularly the ones that use volume. It’s...
