What is a trend? It is essential to know what a trend is and its characteristics so that you’ll be able to spot it easily. It also helps to differentiate a trend from other formations to avoid entering a trade you do not understand. There are two main types of trends, namely an uptrend and a downtrend. During an uptrend, the highs become progressively higher and the … [Read more...] about How to Trade the Trend Successfully
Forex Trading Strategies
How to Be a Successful Part-Time Day Trader
A part-time day trader refers to a person who allocates a small portion of their time to trading the financial market. Most of these people are usually in other forms of employment or entrepreneurship. Others are students who want to earn an extra income. In recent years, millions of people are juggling between these occupations and day trading. In the United States, … [Read more...] about How to Be a Successful Part-Time Day Trader
What You Need to Become a Swing Trader in Forex
One of the interesting things about swing trading is how it hits the sweet spot between day and position trading, two methods based on the short and long term, respectively. This approach focuses mostly on the medium-term future price movements by taking advantage of ‘swings’ in the markets by holding trades for several days up to a few weeks. Granted, it’s still a … [Read more...] about What You Need to Become a Swing Trader in Forex
What You Need to Become a Position Trader in Forex
The nature of any financial market is that long-term trends usually take several weeks and months to form. For those looking to strictly invest in forex rather than actively speculate, position trading may be a methodology worth considering. It is somewhat better than a traditional investment as the investor has the luxury of profiting from going long and short instead … [Read more...] about What You Need to Become a Position Trader in Forex
All About Hedging In Forex
It is every trader’s dream to limit their downside. One of the popular methods they use to achieve this is hedging, a common practice in financial markets of offsetting potential losses by buying and selling uncorrelated products. Interestingly, the concept of hedging dates back several centuries, though its principles remain the same today. This practice is prevalent … [Read more...] about All About Hedging In Forex
