How to Predict the Forex Market
The economy is looking good for the U.K. and the British pound has been reflecting this in the forex market against the US dollar. The currency pair has made new highs since the end of 2012 and there is no sign of this momentum slowing down.Steps to Becoming a Professional Forex Broker
Key points explaining How to become a successful Forex Trader in today’s time and market conditions. 3 easy steps to follow and see what wonders it does for you.Forex Analysis for the Coming Week
As it stands at time of writing 1.3557 I would expect to see a return to 1.3480 before continuing on a bullish trend. It doesn’t seem to matter what Draghi says the currency keeps bounding back.3 Irrational Trading Expectations
It is true that the expectations we have for ourselves play a central role in affecting our emotions and even our actual experience. In particular, waiting for a good result makes us feel excited while foreseeing a negative result makes us worry.Five Things You Need To Know to Start Successful Forex Trading
There are several things that you need to make money from trading Forex including a simple and profitable system. Here I look at the key things you need to consider if you want to become a successful and profitable trader.Currency Trading for Beginners: Range Trading Strategy
Range trading is a simple strategy that can be used on almost any financial product although this article is mainly directed to currency pair trading. Range trading is pretty much just as is sounds, find the range that a product regularly trades in, buy low sell high in the case of a long order and sell high buy back low with a short order.How To Test Forex Trading Strategies: 3 Key Success Factors
Quality of trading strategies is a problem of high importance. Inadequately tested strategies contribute greatly to the well-known statistics that over 90% of Forex traders lose money. However, testing procedures for Forex strategies have not been covered systematically, with main focus being on the strategy testing software. We describe our practices of applying classical principles of successful testing to evaluating quality of Forex trading strategies. We explain our testing methodology, ways to prepare test scenarios and approach to managing trading risks. Our study is devoted mostly to automated trading, but we believe the results can be useful to all interested in Forex trading.Understanding Fundamental Analysis
There are two primary schools of thought used to analyze the market when trading forex: technical analysis and fundamental analysis. While some traders prefer to focus on technical analysis during their forex trading, others primarily use fundamental analysis techniques.What Is The US Dollar Index?
The US dollar index, which comprises a basket of currencies through which the US dollar’s value is compared against, is also referred to most traders by USDX. This basket of currencies has the EUR, GBP, JPY, CAD, SEK, and CHF.Three Most Basic and Successful Forex Strategies
There are many forex strategies that traders can practice before ever getting started with actual money. These are well-developed tested systems that have been put together by professionals in the field. For those who really want to learn how to be successful forex traders, these are the fundamentalsHow To Start Trading Forex: The Things Every Beginner Trader Should Know About Trading Forex
The world we are living in revolves around the exchange of goods and money which will never stop soon. Each and everyday you see new people getting into this industry of forex trading in hope of getting a piece of the profits made in trading the goods and currency. Most people get into this industry thinking that its very easy to make some profits where else that’s not the case and being a trader can be the worst decision you can make if you not prepared.