Forex traders have the option of trading in multiple time-frames. But, which style is best suited for those who want to trade within a day? Day trading is exactly that style. It involves short-term trading in one day to earn profits in the financial market. Those who are venturing in the forex jungle need to know certain basic ideas and styles about trading that will let … [Read more...] about Day Trading
Forex trading: Discretionary or Mechanical Mechanical Trading strategy removes the need to predict by laying down some rules. The system informs the trader when to enter and exit the market and how much to risk so that they don’t have to make predictions. The Discretionary Trading strategy focuses on the intuition, market knowledge, and gut feeling of the trader. … [Read more...] about Choose Your Trading Approach: Discretionary Trading Or Mechanical System?
It’s important for a trader to examine, conduct research, and understand as many trading approaches as possible. This helps them in the adoption and incorporation of one that’s really suitable for their trading style. There are primarily seven setups that are extremely useful when it comes to technical analysis. No matter which trading approach one takes, a trader should always … [Read more...] about Top Fundamental Setups: Sunday Gap
A simple moving average of SMA is the average price of a security over the past “N” number of periods. Older prices tend to fall out of the average as time passes, being replaced by newer ones. As a general rule, the shorter the period in the Moving Average, the more volatile it is, and the better it can track the price of the security. The length of your SMA will depend … [Read more...] about Easy Guide to Moving Average (MA) For Trade Entry And Risk Management In Forex
Although the trend is your friend in Forex, some traders like to go against the tendency and try to make money from specific and short term conditions when the market gets tired of a movement. It is called Fading strategy. Fade trading is well known as the art of the contrarian trade and the anticipation of the profit taking, in both long and short term. But, how does a … [Read more...] about Fade Trading Guide