Category: Tips

The forex market is a huge market and every single day trillions of dollars are being traded in the forex market. Many people in the world are participating in the foreign exchange market by knowingly or unknowingly. Previously trading the financial instrument was not opened to the retail traders as it is now. Due to the recent technological advancement, retail traders can easily trade the live assets in the forex market from their home. But if you look at the success rate in the fore trading industry then you will be surprised to see that most of the traders are struggling hard with their trading career. Statistics suggest that only 5 percent of the traders are making consistent profit in forex trading and the rest are losing money. In this article, we will discuss how the novice traders slow blow their trading account in the forex market.

The trend line trading is one of the most profitable trading strategies and it is designed to trade in favor of the long term prevailing trend. You will notice certain differences in your charts when the trend line takes place such as the bounce off i.e. that the line obeys the trend and when it breaks the breakout strategy is the ideal strategy. In order to find the trend line, you should be able to draw the lines properly and correctly, if so you can forex trade the market. Also, the trend line breakout can be tricky; you should understand the possible ways to the breakout in the trend line. While trading the financial assets make sure to limit your risk by using protective stop loss. In the Forex market each and every single detail or decision should be made with thorough knowledge. Let us learn more about the trend line strategy.

In order to make a decent profit from the forex market, you need to learn how to manage your trade very efficiently. Those who are trading the financial instrument for a long period of time, have learned how to manage their trade under different market conditions and this has allowed them to make a profit in the forex market in the long run. On the contrary, the novice traders always start their trading career without knowing how to trade the market with limited risk expose. They think forex trading as a get rich quick scheme and ultimately incur huge losses in the financial industry. If you truly want to become a professional trader in the financial industry then you need to follow the foot step of the professional trader to make a decent profit in the market. There are a number of different ways of managing your trade in the market. To be precise the technique greatly varies from traders to traders in the forex market. It’s true that at the early part of your trading career you will have a tough time to manage your trade properly. But if you are truly devoted to forex trading then you can easily learn how to manage your trade in the market. In this article, we will discuss some of the tips which will allow us to manage our trade properly.

Trading can be an extremely difficult task if you don’t know how to trade the market with a great level of precision. Most of the retail traders in the financial industry fail to make money in online trading since they focus too much on their potential profit. But if you truly want to become a professional trader in the financial industry then you need to make sure that you have a clear understanding of the forex market. All the professional traders trade the market with a strong knowledge of fundamental, technical and sentiment analysis. Though there are many different types of trading strategy in the forex market price action trading strategy is considered to be the most reliable trading strategy to the professional trader. By using this strategy you will never have to worry about the potential false signal in the market as the indicator based traders do. But mastering the art of price action trading strategy requires an extreme level of patience and dedications. As a new trader you will have some hard time in understanding the basics pattern of the price action confirmation signal but if you remain focus over the course of time you will be able to filter the best possible trade in the market. So let’s discuss how we can take find the best possible price action setup in the market. Use the daily chart: All the professional traders use the daily chart and the higher time frame to take their trade in the market.…

There are many different types of trading strategy in the forex market. Most of the retail traders use indicators based trading strategy and mess up their chart by using too many indicators. Trading with an indicator is not at all profitable since it creates too many false signals in the market. If you truly want to become a professional for trader then you need to learn how to trade the market using the price action trading signal. The price action trading strategy is nothing but the study of the raw price data in the market and execution of high probability trades in the key support and resistance level. Indicators can be your helping hand but being a professional forex trader you can never rely on indicators only. There are two types of indicators in the forex market. The first one leading and the second one is lagging indicators. Just by reading the name you can understand that indicators will give you early trade signals or late entry point in the market. But in order to trade the market profitable, you need to trade the live data of the market. In this article, we will be sharing some of the key secrets which made the price action strategy so much popular in today’s trading world. Précised trade setup: Those who are trading the forex market with the help indicators knows very accurately that indicators can never give them accurate entry point in the market. To be precise stop loss and take…

Trading the financial instrument can be an extremely difficult task if you are relatively new in this industry. Forex trading and options trading are pretty much similar and you can earn a decent profit out of trading the financial instrument if you have a solid trading plan and strict trading discipline. There are many forex options trader in the financial industry who jumps into the trading world only to make quick money. But if you truly want to become a successful trader then you must consider trading as a business. Like any other business, it needs strict discipline and proper execution of the trading plan. Statistics suggest that almost 95 percent of the forex options trader lose money in the financial industry due to their lack of knowledge and proper implementation of trading discipline. The remaining 5 percent are the successful traders who are making money consistently in the market out of trading the financial instrument. In this article, we will highlight three deadly mistakes that every options trader make in their trading career. Revenge trading and overtrading This is one of the most common mistakes that every currency traders make in the early stage of their trading career. They spend a considerable amount of time in developing a valid trading strategy. Everything works fine in the beginning phase but things dramatically change after incurring few losses in the market. Most of the novice trader start taking low probability trades in the market right after a loss. They become emotional…