Get Used to Being Wrong
Forex

Get Used to Being Wrong

A valid reason why you should get used to being wrong is that you will be. Even the most consistently profitable traders have found themselves on the wrong side of trades. In fact, some traders can have low win rates and still be profitable in the long run. This doesn’t mean that they were bad…

Forex Trading Plan
Forex

Forex Trading Plan

What is a Forex Trading Plan? A Forex trading plan is an algorithm of actions that must be followed during the trading day. It is difficult to imagine a company without a business plan written on paper. So in trading without a trading plan, all your actions are doomed to failure. The lack of a…

What Does a Forex Spread Tell Traders?
Forex

What Does a Forex Spread Tell Traders?

What Is A Spread In Forex Trading?Every market has a spread and so does Forex. A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset. Traders that are familiar with equities will synonymously call this the Bid: Ask spread. Below we can see an example…

Dollar Cost Averaging: Should You Do It & Why?
Forex

Dollar Cost Averaging: Should You Do It & Why?

It’s also called a relentless dollar plan. It’s different from a forex trading strategy because it’s about how a trader manages money for future investment purposes. Money management is usually neglected as part of an FX trader’s arsenal. And an honest investment strategy is often a helpful complement to a decent trading strategy so as…

Forex Tips And Tricks For The Serious Trader
Forex

Forex Tips And Tricks For The Serious Trader

If you are exploring all the investment options that are available to you at some point in time you just have to consider the foreign exchange market. The foreign exchange market provides the opportunity to trade at all hours of the day, and on margins that other investment markets don’t offer. Here are some helpful…