To have better trading results, it is good to be familiar with methods used by forex traders to predict the movements of currency pairs. Some traders focus on news, interest rates, and economic variables while others prefer to use charting tools and ...

What Would You Do Differently Today for Better Trading Results?

Most markets move for only so long in one way before having a reaction back in the other way. It’s better to exit your position in the direction the market is moving and benefit from positive slippage than it is to trail a stop

Trading Wisdom

Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded. So the only way to make a profit is if the trend is in the direction of your trade from start to finish- it’s as simple as that. Those that ...

Trading Wisdom

I ain't no prophet, but from what I see, the future is bright! No matter risks involved, Forex is here to stay.

Forex as a Future?

Wow, wow, wow, guys! Hotforex, I am fed up with you, really. Any thread you read - there is a hotforex representative giving humble opinions. I'm not gonna trade with you guys, even if you invent a better story rather than "the name of your current ...

ProfiForex Broker Experience

You would naturally want to throw in the towel after a loss, but patience and persistence have a magical and positive effect that would keep you going. So I want to cultivate patience and never to make important trading decisions hastily when I'm in ...

What Would You Do Differently Today for Better Trading Results?

Can anyone trade Forex? My answer is NO. Like any other activity you pursue, there are certain qualities or characteristics that are required to be successful in Forex. One of them is developing the love for Forex trade itself. If you don't enjoy ...

Can anyone become a trader?

If you really believe in what you're doing, which is trading Forex, you'll have to work hard in it. If you haven't made it base on losses, do not take it personally and if one trading method doesn't work, try a different route, find another method. ...

If you haven't made it yet, what makes you think you will?

When it comes to risk management, two methods comes to my mind. First, do not be greedy to the point of investing what you cannot afford to lose. Second, learn to cut your losses short. My advice is finally, Learn to take losses. Why? The simple ...

Reduce your trading risk!

For successful traders, investment psychology is by far the most important component, followed by risk control. Where you buy and sell is the next question you put into consideration.

How to be a successful trader?

From what I see here, It's impossible my friend.

Mission: I will my money back!!! Its this posible??

The average forex trader loses money, which is very discouraging. But why does that happen? Simply put failure to cut losses short. Successful traders learn to cut their losses short. Do this and you'll never think of quitting forex.

Why most of traders lose on forex?

Feeling discouraged and wanting to quit is a usual reaction when one experience a constant loss from trades. it can even affect your self-confidence in capabilities and intended strategy. But the best thing for you to do is to stay motivated, ...

Should I quit trading forex?

My mentor once told me this, ''In this business (Forex) you wont always win, as there is no single method that will always generate profit. But dont give up. Never invest what you cannot afford to lose. Be patient and persistent. Cultivate this rare ...

What kind of person can trade?

When i'm stressed, i might make a decision more hastily; especially when trading. But listening to classical music helps me a lot. Noise level also matters to me. If the noise level is moderate, it helps in creative thinking.

What kind of music you hear while you trade?

I agree with that prediction. For me, I do not think any amount of investment will be able to terminate the supply of oil from diminishing in the near future. When that happens, there will be pandemonium, and the worldwide economy will be badly ...

Trading Crude Oil with price action + indicator

When trading Forex, it is very important to Control your emotions and also to set goals. They would always provide a trader direction and discipline, which in turn leads to success. From what I have observed, without direction and discipline, you ...

How to Become Emotionless