Can Forex Trading Make you Rich? Can Forex make you rich? Trading is not gambling, and anyone who sets out to make a living in this business needs to be ready and prepared for the daily grind. This is constant work that accepts and embraces
Successful Forex Trader How to become a successful forex trader? Are you ready to take the plunge into forex trading and see it as a legitimate career for you? In order to become a successful forex trader, create a trading plan, use risk management and
Stop Loss Techniques In a perfect world, we wouldn’t need stop loss techniques because we’d all win and keep on winning. However, traders of all skill levels and experience will quickly tell you that such a utopia is not reality. The non-fantasy market conditions we
A Close Look at the euro currency As it stands today, the euro is the official currency of 19 of the 27 European member states. The currency is issued by the European Central Bank (ECB). Trailing only the dollar, the euro is one of the
The trading toolbox – Assets a trader needs in order to make a daily trading routine successful When most people go to work in the morning, they pack their briefcase or backpack with the physical items they need to make their day successful. A laptop,
A Close Look at the Swiss Franc Swissy The Swiss Franc Swissy is the only Franc currently issued in the European countries. The currency is issued by the Swiss National Bank and is used in Switzerland and Liechtenstein. The Swiss economy has long been considered
Reversal Patterns Forex In this post, we will discuss five powerful and reliable reversal patterns in the forex market. Generally, reversal patterns provide a great Risk-Reward ratio potential. We will learn how to identify each one of them and how to trade by using these patterns.
Defusing your Feelings and Conquering your Emotions In the heat of the moment, when you experience a sudden rush of emotion (fear, excitement, joy), it’s easy to let that emotion take control. Overcome by feelings, our analytical minds shut off and we fall into the
Are You a Revenge Trader? While it may sound like the newest superhero saga to appear in the Marvel Universe, the Revenger Trader is anything but a hero. On the contrary, revenge traders are to be feared and avoided. They are traders who fail to
At the core of negative Trading Emotions, fear, greed, and hope thrive At first glance, many of you might look at the headline and think “fear and greed are bad, but hope? Isn’t it good to have hope?” In most instances, sure, hope can be
Conquering the major emotional states associated with trading The best traders psychology advice to mentally prepare a trader for success in the market is a simple premise, but one that is in conflict with our natural state and therefore exceedingly difficult to achieve. To conquer
Real talks with The5ers forex traders At The5ers, we get to speak to many of our traders about their strategies, systems, and emotions through our Portfolio Analyst Resource. We hear about the traders’ challenges and successes! From these talks, we get to learn a lot
Unrealistic trading expectations Nobody becomes an engineer, a doctor, or a chartered accountant in a few months. It takes a lot of time to learn and then gain experience to become successful. So, it’s quite unrealistic to expect overnight success in Forex trading. Similar to
What do Price and Chart Patterns Tell Us? Technical Analysis Price Patterns make strange shapes and outlines in all markets. It may seem weird to the uninitiated that such shapes could have any value, but the fact is that these patterns created by price action
The Complete Guide to Supply and Demand in Forex Supply and Demand Forex – The driving force behind changes in price is supply and demand. When there are more buyers than sellers, the market price will move up. Conversely, when there are more sellers than
A Solid Forex Money Management Strategy Concept After struggling for two years in trading, I hadn’t managed to find a solid trading concept that made sense to me or forex money management strategy that helped me. It wasn’t because of a lack of effort or
Conquer the mental game with these time tested trading Psychological tips and tricks No matter how much you learn, study, or practice, trading psychology is one variable that will dictate your success in the market above all else. However, if you are patient and able
A Close Look at Order Flow in Forex Trading When looking for understanding at the financial markets, there are few technical analysis types available. The most popular methods include momentum analysis, which uses mathematical indicators applied on a price to look at the current forces in the
Leverage Trading Leverage in Forex Trading – A close look at one of the most intriguing elements of forex trading It’s no secret that forex traders have a healthy appetite for high leverage. However, all too often high Leverage is a nasty trick played by
Understanding one of the most trusted and reliable theories in trading In the pantheon of legendary technical analysts, perhaps none sits higher than Richard Wyckoff. Observing the market in the early 20th century, Wyckoff pioneered a method of technical analysis that is still widely used
What is it like to be a forex scalper Warning – scalping isn’t for the faint of heart. This fast-paced, thrilling way to trade forex will push your limits and test your ability to think quickly and raise your pulse rate. Traders who engage in
Forex slippage control If you’ve only recently joined the ranks of live traders, the term order slippage might sound foreign. For beginner traders who are only used to demo trading or theoretical trading from their studies, slippage is a nonexistent phenomenon. This is because education
Look Deeper Into Your Trading Profession If you’ve been following our articles recently, you should know all about the pitfalls of trading, especially when it comes to making it into a wealthy trading career. We’ve told you that it’s one of the hardest professions to
Why it’s necessary to accept and harness your emotions in order to be a successful trader Trading Psychology – We can never be neutral in our emotions. No matter how hard we try, we will always feel something, in some mood, and in some direction.
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