Vital Components of a Comprehensive Trading Plan
This is a guest post by Matthew Johnson
You must have heard several times that it is important to have a trading plan and stick to it. Not having a trading plan is like an invitation for failure as a trader. What is meant by building a trading plan? Here are some broad points to consider.
The Importance of a Trading Plan
Trading plan is nothing but a checklist. You refer to it before taking a trade. When in a trade you refer to it to make sure that you take a decision according to a plan. Checklist also helps you to stay away from trades which are low probability set ups. The whole idea behind the trading plan is to keep emotions away and take decisions logically.
Dealing with Your Forex Losses
This is a guest post by Elizabeth Goldman
There’s no denying that forex trading is an exciting way to make money. You can get a return on your investment in a matter of minutes if the market goes your way. It is inevitable however, that you will take some losses, but if managed correctly they can form part of a successful strategy. Here, we will look at different methods for dealing with losses.
GBP/USD Forex Strategy That is Very Simple and Makes 20 Pips Daily Using Pending Orders
This is a guest post by Ahmad Hassam
GBP/USD is one of the major pairs that gets heavily traded. GBP/USD pair is also known as the Cable. GBP/USD pair is affected by the interest rate differential between the Bank of England (BoE) and the Federal Reserve (FED). GBP/USD pair tends to have a positive correlation with EUR/USD and a negative correlation with USD/CHF. For example, a few days back this pair was trading in tandem with the EUR/USD pair.
Many traders trade GBP/USD and EUR/USD. They need to keep the positive correlation between the two currency pairs in view when trading both these pairs together. There are many strategies to trade the GBP/USD pair. Some are heavily based on the London Market Open as this pair normally starts trading in a range a few hours before the London Market open and tends to make a breakout after the London market open.
Auto FX Payday
The purpose of this page is to encourage and collect the user reviews of a Forex product called Auto FX Payday. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at autofxpayday.com.
Keltner Bells
The purpose of this page is to encourage and collect the user reviews of a Forex product called Keltner Bells. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at keltnerbells.com.
How to Apply the Fibonacci Retracement Tool Correctly?
This is a guest post by Alexander Treston
The Fibonacci retracement tool is one of those tools in forex that a forex trader simply cannot do without. This is because in the financial markets, prices do not move in a continuous straight line, but in a convoluted twist of pullbacks and advances. Whenever the price action of a currency has moved substantially in a particular direction due to a very strong trend, those traders who were able to get in early would at some point, decide to take some profits from their trades. This will place the gaining currency on offer and will lead to a supply excess over demand for that currency at that particular time, leading to price pullbacks.
7 Mistakes That Forex Traders Make: How to Stop Losing Money
This is a guest post by Mark Adams
Forex trading is a great way to make good money by leveraging your capital against the small currency movements which happen every day. Unfortunately it can sometimes get a bad name due to all of the systems and courses online which promise to make you rich overnight.
The good news is that you can still make money from trading currencies, but there is a steep learning curve and plenty of mistakes that you will need to avoid. To get you started, here are the worst ones:
Chronic Forex
The purpose of this page is to encourage and collect the user reviews of a Forex product called Chronic Forex. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at chronicforex.com.
Currency Dominator
The purpose of this page is to encourage and collect the user reviews of a Forex product called Currency Dominator. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at currencydominator.com.
Scaling In and Out of a Position Gives You the Needed Flexibility to Manage a Forex Trade
This is a guest post by Ahmad Hassam
The ideal way to enter into a trade is to do it gradually. This is also known as Scaling In A Position. In the same manner, it is best to exit the trade in a gradual manner. This is also known as Scaling Out Of A Position. Trying to figure out the perfect entry and exit is only going to make you more confused and hinder you in making your trading decisions. There is no perfect entry or exit. You will never be able to catch the top or the bottom at the precise moment.
