As a trader, you may have come across the phrase, “forex trading strategy.” Is this some kind of a plan or a system Jim from around the block told you about? In this guide, we’ll explain the nitty-gritty of forex trading strategies. If you are new to the world of forex, this guide can help you a lot, so make sure to stick to the end. Forex trading strategies explained A forex trading strategy defines a forex trader’s system to determine when to buy or sell a currency pair. Think of a forex trading strategy as a plan for how you will approach trading. This plan will provide the objective set of rules for buying and selling, running positions, andread more
Forex Trading Course
A Forex trading course is a key factor when it comes to the success or failure of any traders’ financial outcome.
Forex trading in South Africa is one of the fastest-growing trading geographics in the world, but sadly one of the most uninformed.
Knowledge is power. Put in the time, expand your knowledge, and become a profitable trader.
Just like in any industry, knowing the terminology is an important factor. You can’t trade the markets blindly! Take it from a professionals’ point of view. Repetition, repetition.
Do what works over and over again and you will reap the benefits of success. Screen time greatly assists in this. If you don’t put in the time you can expect the results you seek.
The best piece of advice we can provide you as a trader is to not rely on indicators, tools, EAs or robots, thinking it will lead to success. These are short term solutions, unfortunately not profitable long term.
Looks past the hype and empty promises. Save yourself the money and disappointment. This Forex trading tip comes from experience.
When it sounds too good to be true, it usually is!
We are hard at work to build out a Forex Trading Education section from A-Z. This will help beginners and professionals alike get a better understanding of the FX market, and how it operates.
Without understanding, there can’t be profitability.
Put in the time, expand your knowledge, and become a profitable trader. Don’t become a statistic! Become an individual that is educated!
Did Caesar invade Gaul without a strategy? No, he was a cunning general and strategist and you need to be the same if you want to win your battles in the markets. The difference between winning traders and losing traders is their ability to execute profitable forex trading strategies. Good luck and a feel for markets will only win you a few skirmishes, turning that feel and knack into a system will win you the war and make you an economic powerhouse. Just like a war involves many battles, and a marathon involves many steps, you need to plan and pace yourself if you’re going to still be standing at the end. Different types of forex trading strategies There areread more
In the fast-paced world of forex, price action is the foundation stone for technical analysis. Many short-term traders depend only on price action to make trading decisions. This guide will explain what price action trading is and how you can boost your trading strategies with the price action. What is price action trading? Price action is the price data of the forex market without indicators. The analysis part is learning to read these and make a trade based upon patterns. Price action trading is a trading method in which you base all of your trading decisions on a naked price chart. This means that no indicators should be utilised, or at best, only a handful of moving averages to identify supportread more
You may hear the term “supply and demand” in forex trading. They are the most essential factor for both technical and fundamental analysis. But what are supply and demand zones? Let’s explain each one of them in detail, how you can identify them, and how you can trade with supply and demand zones. 1. Supply zones A supply zone is a pricing area above the current price where there is a lot of selling. When the price reaches this level, the orders are satisfied, and the price falls. When prices are higher, suppliers want to sell more since selling more quantity at a higher price results in bigger profits. Conversely, when prices are lower, suppliers are not driven to increaseread more
The Definitive Guide to Forex Candlestick Patterns and Forex Chart Patterns Forex candlestick patterns and forex chart patterns are a price action trader’s best friend – a price action trader with a thorough understanding of candlestick and chart patterns does not need much else on their chart. In this definitive guide, we will cover the most popular forex candlestick patterns and forex chart patterns and how to trade them. An introduction to forex candlesticks patterns Before understanding forex candlestick and chart patterns, you will need to understand candlesticks themselves and how they are formed. Forex candlesticks are composed of the Open, High, Low and Close (OHLC) data points. Of these three data points, the Open is the only one thatread more
Have you ever come across a situation when the market changes its course, and you wonder how I can profit from it? Today, we will tell you what forex reversal patterns are and how you can trade through forex reversal patterns. In this guide, we are going to dig in on forex reversal patterns and how you can trade them. What are forex reversal patterns? Reversal patterns are chart formations that indicate that the current trend is likely to shift direction. When a reversal chart pattern emerges during an uptrend, it indicates that the trend will reverse, and the price will soon fall. In contrast, if a reversal chart pattern is seen during a downturn, it indicates that the priceread more
The trading world is all about anticipating what’s going to happen. Then, based on our predictions, we take action to make as much profit as we can. To accomplish this, you need to constantly study the behaviour of trends. One of the basic principles you need to fully understand is Forex continuation patterns. They help us predict that after a period of consolidation, the trend will continue its course or not. What are continuation patterns? The patterns are defined figures you can draw in the chart matching the highest and lowest price points during the consolidation. Once the trader identifies a continuation pattern, the theory says that he’ll see a breakout with the same behaviour seen before the consolidation pauseread more
When it comes to currency trading, the timing of trades can have a huge effect on strategy and profitability. Day traders open and close several positions in a single day. On the other hand, Swing traders engage in trades that last many days, weeks, or even months. These two trading types accommodate different traders depending on the amount of capital available, time availability, and trading psychology. In this guide, we’ll explain how day trading and swing trading work and how you can develop trading strategies using them. In the last part of the post, we’ll discuss how to decide between the two. 1. Understanding day trading Day trading is a traditional trading technique in which you buy and sell aread more
Have you ever come across a situation where a random presidential tweet disrupts the USD, and the EUR/USD went wild? Chances are you have to face these kinds of situations. But why does this happen? Short answer; due to fundamental factors. Long answer; we’ll mention in this guide. So, let’s begin! What is fundamental analysis? Fundamental analysis is a method of analyzing the forex market by studying the economic, social, and political forces that influence currency prices. When you think about it, this makes perfect sense! As in Economics 101, supply and demand decide price, or in our case, the currency exchange rate. It is simple to use supply and demand to predict where prices can go. The difficult partread more
Fundamental analysis may seem like a thing that your economy teacher yelled at you in your high school. Well, he/she wasn’t wrong. Fundamental analysis is a type of market analysis in which you look at the market by examining economic, political, and social factors that can affect currency prices. The central concept of fundamental analysis is that if a country is politically stable and has a growing economy, it has a strong currency. Let’s dig deeper into fundamental forex analysis. Forex market fundamental analysis explained Fundamental analysis of the forex market has a different role. It includes various external, non-market factors: political, economic, social, and statistical. In other words, the fundamental analysis provides an analysis of all events that canread more