Forex In Blog

7 Mistakes you must avoid on Forex

1 - Never think in forex as a get rich quick opportunity. This market is difficult and risky, and you need to take the time to learn it before you start making money in forex.

2 - Beware with all the “Automatic Systems” that promise to make a fortune overnight. Most of these systems don’t work, and that’s why they sell them in the first place.

Forex ETFs: How to Trade Forex without a Forex Broker

If you want to trade Forex on your stock broker you can do so by trading ETF’s instead of the currency pairs.

Here’s a list with the most important Forex ETF’s.

Recent Market Activity

As expected, the Forex market was nearly dead during the Christmas week. If you take a look at the daily chart, you’ll notice the volume and volatility was tiny.

Which are the most important currencies nicknames?

If you’re trading Forex, you probably noticed some currencies have “nicknames”. Here’s a list of the most common nicknames:

United States Dollar - Greenback
Australian Dollar - Aussie
New Zealand Dolar - Kiwi
Canadian Dollar - Loonie
Swiss Franc - Swissie
Great Britain Pound - Sterling or Cable

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How to be a Successful Forex Trader

If you’re looking to be a successful Forex trader, you need to work on it and have patience.
You can’t expect to start trading today and make a fortune in 1 year. You need to learn how this complex market works and practice on a demo account.
You need to find what type of trader you are. [...]

Forex Trending Markets and Range Bound Markets

There are 2 types of market conditions: the trending markets and the range bound markets.
The trending markets are markets which are moving to the upside or the downside:
Uptrend:

On an uptrend, the market is clearly moving up. On an uptrend market is easy to spot that the currency is reaching higher lows and higher highs.
On a [...]

A Typical Payrolls week

Usually on the week when the Non Farm Payrolls are released there’s not much opportunities until the report comes out.
The Nonfarm Payrolls come out on the first Friday of every month, and since this is the most important economic indicator for the Forex market, usually currencies stay in a range market until Friday:

As you can [...]

What’s The Best Time Frame To Trade Forex?

A common question for beginners is which time frame should they use. Should they trade in 5 or 10 minutes charts, or in 1 hour charts?
The rule is that the longer the time frame, the most reliable is the technical analysis. For example, if you’re trading on 1 hour charts using the same strategy as [...]

How to choose the best Forex System or Course

In order to make money in Forex you need to educate yourself. Sometimes, it pays to purchase a good Forex trading system or a good Forex trading course.
The  biggest problem is that most systems and courses simply don’t work.
To avoid wasting time on money, I follow a couple of simple steps:
1 - First I like [...]

How to use MACD in Forex?

The MACD is one of the most useful indicators for Forex traders. It gives you 2 kind of useful signals:
1 - Buy and sell signals: A cross above the 0 line is a buy signal, and a cross below the 0 line is a sell signal.
2 - Divergences - The divergences show you the strength [...]