Trading Tips

In any given week there are up to 50 news events marked on an economic calendar. Some barley create a blip in the price movement and others can move the markets by hundreds of pips.

In forex trading, as far as predicting price goes, nothing is a certainty and anyone claiming otherwise has never traded the markets or is selling a pot of gold at the end of a rainbow.

Impulsive trading is gambling in another form and it is one of the biggest downfalls for both novice and experienced traders. A trader hits a winning streak on a few trades and feels indestructible.

It is the Central Banks that run the show when it comes to driving the currency markets and Donald Trump.

A market correlation is when two markets move together. This could be in the same direction or the opposite direction. Understanding the how and why it happens is very useful information that can help you identify the future price direction of an instrument.

Reading the tape (THE PRICE ACTION) is one of the most important tools in anticipating future movement in the markets. The concepts behind setting up Support & Resistance lines is for the purpose of giving a trader the potential pivot points to where a symbol can either bounce off or break through.

As a Trader you want to be trading whatever is “HOT” on any given day, week or month.

The forex exchange market is made up of individual currencies from countries all around the world. What moves the currency markets is based on the concept of demand and supply.

Going from a novice to a professional is a journey all traders have to make. It is up to you if you want to take the long road or the short one!

There are a lot of trading myths out there that you need to know. Let’s look at the top 7!

In Greek Mythology Icarus is the son of the master craftsman Daedalus.

Having limited time to review charts does not mean you can’t make money trading the financial markets. Follow the steps below and get a head start on your trading journey