People are always looking for the ultimate in forex trading training. The problem is though that most people never do the right things. The first problem that comes to mind is the fact that most people add more and more useless information on their charts. For example, indicators.Traders load their charts with indicators that are just not helping them in any way. Let’s put an end to that today. I want you to do this little experiment. I want you to get a little more “dialed in” to the market. The...
Does everybody need forex trading training or do some people have a natural talent for trading currency on the forex market? You will not be surprised to hear that nobody is born understanding all of the ins and outs of foreign exchange trading. While it is true that some kinds of experience or personality traits can be useful and can mean that you will pick it up more quickly, everybody needs some kind of training if they plan to make a profit.But there are many kinds of training available these...
Strategy Trader is an exciting automated forex trading platform offering from FXCM. With Strategy Trader you can code strategies, perform advanced back-tests, run detailed optimization analyses and execute trades—all within the platform. In this video, we’ll be comparing Strategy Trader to MT4, showing you why Strategy Trader is the next evolution in automated forex trading.Expert Advisor users can enhance the performance of their EAs when they automate their trades with Strategy Trader. When you...
Day Forex Trading TrainingLearning To Trade ForexMuch attention and interest have been on forex trading in recent times. You might be interested in forex trading yourself. It is very important that you acquire the knowledge on trading forex before you participate in any trading. This will prevent you from getting yourself burned.The first step in learning to trade forex is to know what it is. Forex abbreviates “foreign exchange”. Forex traders deal with foreign currencies from many countries. This...
Forex Trading BlogIt is more often than not agreed that a decent easy forex trading method involves approaching the trend, but what do you do when there is no clear trend? This is real a large half of the time and it can be acutely frustrating, especially for the inexperienced foreign exchange trader. Forex Trading BlogSometimes you might identify another currency pair where a trend based trade can be opened, but often this is not the case. Besides, dealing with a lot of different currency pairs...
1. Focus on one or two Currency PairsFirst, focus on only one or two currency pairs. When you’re new to forex trading, it’s tempting to see opportunities in every pair, even ones you’re unfamiliar with.When I first started trading, I tried some of the more unusual currencies, like the NZD, AUD, and CAD. I didn’t know anything about the currencies, so I found myself watching news events for a dozen countries, analyzing all manner of charts, and losing my shirt in new and exotic ways. I got into...
Fx Trading EducationNowadays, it has become fundamental for any person venturing on the money exchange market to experience at least some Forex trading education. Of course, as with any some head out in life, it will also take dedication and persistence, but over the lesson of a lifetime, everyone presses forward those two qualities in greater or lower measure. However, not any individual obtains or even seeks an education, and having one is maybe the a large amount of important detail that separates...