Best Manual Trading Systems in Forex

Metal hinges and electronic arms, these are usually the things that first come to mind when you think about robots. You may be surprised that some people use robots to trade. In fact, robots can also play a huge role in Forex trading. No, these robots aren’t large hunks of metal tapping away at computer...

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Main advantages and benefits of Forex trading

In this day and age, just about anyone can trade. Seriously, if you were to look at the market players today, and compare it to twenty years ago, there would be a huge difference. No longer is trading limited to huge hedge funds and private banks, or even the rich and famous and highly educated....

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What are the best currency pairs to trade

For people new to the wonders of the financial world, the phrase ‘currency pair’ might seem a little strange to you. You know of currencies, sure. There’s the US dollar and the British Pound, and also, the Euro and the various pesos that are used across Latin America, but you didn’t know that currencies could...

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Best Forex Backtesting Software

Humans always want to know what the future will be. This has been a trait that has passed down over centuries of generations of our existence. That curiosity is and has been expressed in a number of ways. These have included religious dogma, to astrology and astronomy, to now science. One of the smartest things...

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What is Elliott Wave theory and how to apply it in Forex trading

At some point in our lives most of us have wished that we could find a way to read someone’s mind. At the very least we’ve seriously considered how helpful it would be to know what people were going to do so that we could make an appropriate decision accordingly. Well, as you can imagine,...

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Forex Currency Correlation

When we hear the word correlation, we think about a connection between two or more things. With Forex, when we talk about correlation, we are generally referring to currency correlation. If you have ever observed that when certain Forex pairs rise in value, other ones fall, then you have witnessed this type of correlation in...

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Understanding and reading Forex quotes

For many new to currency trading, Forex quotes are one of the more confusing concepts to grasp. If someone is new to using a trading platform, seeing the screens with the letters (currency pairs) and changing numbers all crammed together can be a little overwhelming. Fortunately, once grasped, reading and understanding Forex quotes becomes like...

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Forex Day Trading Explained

So, you have probably watched the movie ‘The Wolf of Wall Street’, and maybe even ‘The Big Short’. You think you have a fairly good idea what the typical day trader’s life is like: insane work hours, loads of money, lots of complicated charts (which probably involves some amount of guessing, to read them) and...

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Most important Forex indicators all Forex traders should know

Every technical trader out there, whether he is in forex or stocks or even commodities, trades based on the information that he sees on his price charts. Generally, those who call themselves technical traders, fall into two main groups: those who trade based on price action (this is the movement of prices across a screen.)...

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Forex money management: how to manage your money in Forex

Having certainty in the foreign exchange market is next to impossible just like trying to lick your own elbows. It is one of the reasons why many people stay away from the currency markets. Some of them even go as far as saying that trading is a fool’s errand and that those who do and...

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Forex Risk Management

Whenever the term risk management comes up, it is usually followed by a conversation on some obscure financial topic, usually about how corporate level businesses plan against the potential negative impact that other things may have on their profit levels or their overall business. Rarely do people think about risk management as something that even...

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Top three most successful Forex traders ever

When most people think of success, they think of the wealthy. They usually think of giant mansions, sprawling estates, private jets, and more money than any normal person would be able to spend. In this way, we can say that there are many successful people around the world. In fact, there were 1,1810 billionaires across...

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How to Become a Successful Forex Trader

Like with anything in life, becoming a master at something does not happen with one try. The violin maestro did not wake up one morning, suddenly blessed with his skills. The olympic gold medalist had to train very hard to win that gold medal. The forex master trader, had many losing trades before learning how...

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Understanding the major currency pairs in Forex trading

In some circles, being with the most popular people or following the popular cultural trend can earn you the ridicule of others. There are people who try to avoid anything that is popular for this reason. Fortunately, in the financial markets, this type of behaviour is rare. I say rare, because there is a small...

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What is the best Forex day trading system

Day trading is without a doubt the most popular way of trading used in the financial markets. Even outside of them, the image that is portrayed of a trader is usually of day traders speculating on how stock markets and commodities will move in price during the day. This image has been established by the...

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What is the most profitable forex strategy?

The Templar knights were a group of Christian soldiers who, according to legend, searched for The Holy Grail in the 14th Century. The Holy Grail was a mystical relic said to have miraculous powers that provided eternal youth and happiness to those who drank from it. Like the knights back then, many people today are...

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