As a new trader, you're probably really excited about getting into the game, even if you've been trading for a while, you're probably just as excited when you hear about a new system that promises winners and trading profits. In either case, never lose sight of the real objective, never lose focus on the ultimate goal of trading. Trading is about making sound disciplined … [Read more...] about Top 3 Things a Forex Trading System Should All Have
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Metatrader the Best Forex Trading Platform
The Best Forex Trading Platform The best Forex trading platform in nearly 15 years of Forex trading is still Metatrader, particularly Metatrader 4 It's the Microsoft Windows of FX trading that's been the gold standard and what all other trading software in Forex has been compared to. When I began my Forex journey, Metatrader 3 was just coming onto the scene. Metatrader … [Read more...] about Metatrader the Best Forex Trading Platform
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
The Truth About Forex Robots Test and Retest
What are automated these days? Pretty much everything, toll booths, self-checkout lanes at grocery stores anything that becomes tedious for human hands and minds. You'll always get both camps divided on how effective these tools are for Forex trading. Notice I used the word "tools" because, in my mind, that's what Forex Robots are, a tool to help you trade. Forex robots … [Read more...] about The Truth About Forex Robots Test and Retest