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Singers avoid cold water to take care of their vocal chords. Surgeons moisturize their hands after surgery to prevent dryness. Athletes go on crazy diets and fitness regimens to condition to their bodies. These high-level performers do this so that they can perform their best at what they do...
Traders tend to focus a lot of their time and energy on their trade entries. In fact, if you browse through online communities and forums, you’ll notice that majority of trade discussions revolve around entries...
Stickers and leaflets are seen on a table ahead of a Vote Remain event at Manchester Metropolitan University's student Union in Manchester, northern England June 16, 2016...
A vote ''Leave'' sticker is seen on a car parked in London, Britain June 14, 2016...
Branded merchandise is seen in the office of pro-Brexit group pressure group 'Leave.eu' in London, Britain February 12, 2016...
Experiencing losses is as much part of forex trading as winning trades. Unfortunately, a lot of traders take losses personally and they end up reacting to their losses by taking revenge trades. Revenge trading is mainly driven by the fear of being wrong...
A Greek philosopher once said that “the only thing that is constant is change.” This adage is never taken for granted in the world of forex trading. The nature of the industry doesn’t make room for those who are too set on their ways...
Losing streaks aren’t uncommon in the trading world. Every forex trader at one point or another hits a losing streak. Trust me, even the most consistently profitable pros have their slumps. A slump can start with anything...
If you can't get enough Brexit polls ahead of the June 23 referendum, you're in luck...
I’m pretty sure that most of you know what it feels like to be “in the zone.” Whether it’s in trading, sports, or in a contest wherein you have to come up with the best pick-up lines, it feels as though the stars align and the whole universe conspire to make you feel better...
While I’m a big fan of allotting time and effort to improving your trading strategies, I also believe that too much trading could do you more harm than good...
If you’ve been reading about the forex industry long enough, then I’m sure you’ve found tons of offers from forex-related discussions, Google searches, and even your Facebook feed on “Holy Grail” trading systems that claim to be easy, cheap, and are guaranteed money-makers...
We’ve got a couple of central bank statements this week, one of which is the BOC monetary policy decision. If you’re thinking of grabbing pips during this event, make sure you take note of these factors first. 1. Economic data turning a corner...
We’ve been getting a lot of questions in the forums and in our Twitter and Facebook pages about some economic reports and why forex traders think they’re important. Worry not, young Padawan. They’re easy enough to understand if you look at the big picture...
When starting a new hobby or endeavor, it’s easy to get suckered into buying things that you think you need but eventually find that you don’t, at least not in the beginning...
EURUSD (Update from my last post May 28, 2016) - Trend-line Rejection after two weeks of retracement, Now we are looking for price action signal at lower timeframe to open buy position. Possible Target nearest resistance level @1.14600...
First, a review of last week’s forecast: – making a forecast for EUR/USD, both experts and technical analysis unanimously voted for a sideways trend with a bearish sentiment, which was 100% fulfilled – discrepancy between the levels of the beginning and the end of the week made just around 20 poi...
One of the more useful skills for forex trading is knowing when to press your advantage. Pressing your advantage may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades...
Why do you trade forex? Let me guess… Because you want to make a ton of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account’s destruction...
Having a profitable strategy is only a part of what makes forex trades profitable. The other part? Execution. If you find that you’re having trouble with your trading mindset today, then this list is for you...
