“Finance is the art of passing currency from hand to hand until it finally disappears”.
Nonetheless, this section will give an insight into how other traders approach the market. If you are new to the world of Forex, our Forex Education section covers some of the different elements that can be used when conducting your analysis.
This area covers everything from forex market basics, including trading hours, candlestick patterns and how to sign up for a forex account through to some more advanced techniques for you to test.
The reality of trading is that it is difficult to graduate to the stage where you will be able to earn consistent profits. Even when traders do learn how to implement their trading edge it doesn’t end there… Fear and greed are always lurking in the background and ready to play with your mind, when your trading is going well you may be tempted to trade with size and when its not going so well you may cut your position size. Traders often do this at the most inopportune time so it helps to keep a level head; this is where trading psychology comes into play.
An ongoing willingness to learn and subsequent disciplined application of what you have learned, combined with constant reviews of your performance is the only path to success.
It can help to see how other more experienced traders approach the market and learn form their successes and mistakes. We will be featuring posts from various sources with a view to providing various perspectives on market analysis and trading. You should always test everything that you learn on a demo account before trading live. As with all content on this blog, please note that our Forex education articles should not be considered as investment advice or recommendations to trade. See full risk disclaimer above.