Forex trading strategies are essential. Whenever you build anything, you need a plan and a course of action. Lets start with 8 very simple parts to your trading plan. It's important for new traders to have a sturdy groundwork of strategies that can guide them through the intricacies of Forex trading. Foundation and Fundamentals By having a foundation of strategies, … [Read more...] about Forex Trading Strategies : Newbie Essentials
Options Trading for Beginners – Breaking Down Walls
Options trading is a type of financial trading that involves buying and selling options contracts. An options contract is an agreement between two parties to buy or sell an asset at a certain price, on a certain date. One should consider both the pros and cons of options trading. First, lets begin with a simple example. Imagine you have a cool toy car that you want … [Read more...] about Options Trading for Beginners – Breaking Down Walls
WD Gann : Mastering the Markets by a Genius
WD Gann was a famous trader who lived in the early 20th century. Many traders still consider him one of the most influential traders in history. They continue to use his methods today. Gann's trading was based on a wide range of techniques. These techniques included market analysis, charting, and predictive methods. One of Gann's most significant contributions to trading … [Read more...] about WD Gann : Mastering the Markets by a Genius
Technical Analysis Butterfly Pattern Forex Trades
I'm often asked by new and non-traders why I trade the currencies and Forex market, and not equities and stocks. For me it's simple. My background is in technology and software applications. Software, programming and working with computers involve a whole lot of analysis, and like the name of this trading methodology, Technical Analysis is all that and more. There are … [Read more...] about Technical Analysis Butterfly Pattern Forex Trades
Forex Basics Essentials for New Traders
Whenever you acquire any new skill, fundamentals and sound foundational understanding is always a good practical strategy. The Forex basics I'm going to mention involve really the essential things I wish I had learned early on in my Forex trading journey. Forex Basics #1 - Money Management Whatever type of trader you become, day trader, swing trader, scalper, long-term … [Read more...] about Forex Basics Essentials for New Traders