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
The three best (and worst) times to trade forex The forex market is wide and offers great opportunities to anyone with a solid trading strategy and plan. Where and when you work is up to you and with a well-disciplined approach, market success is attainable.
Fibonacci Technical Analysis I knew that a post-BREXIT UK/EU Trade Deal was imminent (though, admittedly, I did get the timing off by a week – I thought they would arrive at the result they ultimately did sooner by about a week). Similarly, I accurately predicted
Consolidation in Forex Trading Forex professionals look for all sorts of trading situations to describe price movements. One such scenario is a sideways market. In this guide, we’ll dig deeper into what trading sideways means, what its strategies are, and how you can benefit from
Forex Trading Demo When exploring the idea of trading in a new market, it’s natural to want to get started. You’re excited about the opportunity before you, and there may even be a specific reason you’re eyeing a new market. Where forex is concerned, for
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 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
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.
Real talks with real 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
Taking a loss is the hardest job on Earth How do you feel when taking a loss? Do your stomach churn and heart palpitate? The feeling after a loss can linger for minutes, hours, and sometimes days. Taking a loss is definitely not as fun
Home trading setup Working from home used to be a dream for many in the past, but now there are plenty of opportunities to work from home as the internet and smart technology evolved. Online trading has become quite popular, and most traders work remotely.
Most Common Currency Types in the Forex Market Various Types of Currency Pairs – The sheer size of the global forex market is something to behold, with this entity said to be worth a staggering $1.934 quadrillion. This is more than 2.5x the size of
In the art of market chart analysis, one of the most popular and interesting approaches is the Elliott Wave Theory principle. This is a method that has been in use since the 1920s. Interestingly, old as it is, the method has proven to be a
How to utilize this negative progression strategy to succeed in the forex market Motivated traders, whether at the beginning of their careers or firmly established in the craft, are always looking for potential ways to capitalize on the market. The Martingale strategy is one such
Are mobile trading apps the way to go into the future of the fintech industry? Forex trading apps – With the evolving technological advancements, businesses are often challenged to keep up with the hype. Competition is on the rise, and so is the integration of
Portfolio Analyst Monthly Overview Forex Trading Insights – 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
US Dollar Predictions for 2021 While accounting for the ongoing worldwide impact of coronavirus, the one news item that has dominated the global agenda during Q4 is the US Presidential election. Even now that Democrat candidate Joe Biden has been declared the winner of the
Forex vs CFD trading Forex is known as the world’s biggest trading market and has always attracted investors from all around the world. But many people who understand the basics of forex don’t even necessarily recognize that there are actually different ways to trade in
Why do most day traders fail? Day trading is the practice of buying and selling financial assets over very short time periods, ranging from seconds to hours or days. Short-term trading can produce outsized gains but it can also be a one-way ticket to the poorhouse. New
Taking the guesswork off Forex trading Is forex trading gambling? Every time I find myself in casual company, introducing myself and telling people what I do for work, I’m usually met with the same response: “Oh, you’re a gambler, right?” I can’t count how many