Forex In Blog

How to minimize risks on Forex

Forex is a risky market, but you can decrease risk by using simple rules:
1 - Always use a stop loss - if you’re looking for a way to minimize losses, you need to cut losses as soon as possible. For this you can place a stop loss guaranteeing that no matter what happens, you only [...]

7 Tips to become a Master Forex Trader

1- Learn the basics before you start trading.
2 - Make sure you paper trade for at least 6 months before you trade on a demo account.
3 - Ignore all the hype about miracle systems especially those who promise to work without any work at all. Successful traders work hard to reach success.
4 - Read everything [...]

How to trade Gaps in Forex

A Gap happens when the opening price is above or below the previous close. Since the Forex market is open 24 hours a day from Monday to Friday, the only time when we have gaps is during weekends.
When the Forex market opens on Sunday, lots of time is opens clearly above or below the Friday’s [...]

How automatic trading works?

Most automatic systems on the market are Metatrader EA’s. An EA (Expert Advisor) is a file that you load up on your Metatrader platform and it gives you trading signals or, if you let it, will place the orders automatically on your broker.
This kind of automatic system basically follows a predefined strategy, watches the market, [...]

Day Trading Vs Swing Trading

Which is the best way to make money on Forex? Day trading or swing trading?
Both methods have advantages and disadvantages. Usually beginners think they can day trade or swing trade, but they can trade both.
Day trading takes much more time and dedication than swing trading. Day traders need to be highly informed and stay on [...]

The best times to trade Forex

If you’re looking to trade Forex you need to know when can you expect the best opportunities on the market.
The Forex market is open 24 hours a day, but since you can’t watch the market everytime, it pays to know when you can usually find the most volatility.
First you need to know if you want [...]

Why most people are wrong about Forex

In Forex there are 2 types of persons: those who think this market is the perfect way to get rich quick, and those who think it’s impossible to make money on Forex.
I believe both groups are completely wrong.
The people that take Forex as a get rich quick scheme usually end up by losing their money [...]

Leverage: The good and the bad about it

Leverage is mostly seen as a good thing on Forex.
People look to any broker and see most of them allow them to trade 200 times or even 400 times the money they have on their account.
That’s definitely good since you can make good money on Forex even if you’re using a small trading account.
However that’s [...]

Forex: To Trade or not to Trade…

Forex is definitely one of the most challenging financial markets in the world. This market brings unique opportunities and risks, so you need to take some time to think on the pros and cons before you decide to start trading Forex.
Forex Trading Advantages:

Forex brokers offer you as much as 200x leverage (and some brokers even [...]

What to do if you’re losing money in Forex?

If you’re losing money in Forex, the best thing you can do is to stop trading and return to the basics.
Make sure you find out why you have lost money. Was it your broker excessive slippage, or your trading system that suddenly stop working?
What can you do to solve this problem and start making some [...]