Greed and fear are present regardless of who is behind the trade. The successful trader uses these emotions to fuel their trading system while the unsuccessful trader is limited by these powerful emotions.
Traders often have more indicators on their chart than are beneficial. This leads to a mental traffic jam that stalls effective decision making.
The mindset of the professional will help you breakthrough the amateur trap.
Margin and leverage are important concepts for all Forex traders to master. Learn about these tools and how to use them effectively on each position.
Too many traders exit a trend too early to find they left money on the table. If you’ve had that frustration, the Heiken-Ashi when used correctly can clarify the strong trend.
Finding opportunites in strong trending markets is an important skill to master. PSAR is a great tool for pinpointing potential market entries and managing risk.
The GBPUSD has advanced 1005 Pips from June 2012 lows. As price consolidates traders prepare new entries around todays inside bar.
The AUDNZD is currently stalling at daily support near 1.2700. A turn in price could indicate the creation of a 400 pip trading range!
Many currency pairs such as the EURAUD consolidate prior to major news releases. Traders can prepare for the event by setting OCO entry orders waiting for a breakout.
Prior to this weeks news, the EURUSD has been moving against its 15 month downtrend. Can CPI data cause price to break resistance at the 200 day MVA?