Trading without stop loss is the biggest mistake a trader can make. This is what you read on any website, weblog, article, e-book and… . Although they do know that this is a big mistake, almost all novice traders make this mistake at least once. Read the rest of this entry »

It is very easy to find hundreds of articles about risk/reward ratio in forex trading, but the problem is that most of those articles are not written by real traders who trade for a living or have been working as professional traders for a while. Most of them are written by freelance writers who are paid to write articles or bloggers and webmasters who want to drive some traffic to their weblogs and websites. Read the rest of this entry »

As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons: Read the rest of this entry »

Currency pairs are among the most popular questions I am always asked. Sometimes it surprises me how someone wants to trade forex while he/she still doesn’t know about currency pairs. But I should not be surprised, because we always focus on advanced topics like technical analysis, candlesticks and indicators and … that we forget about the basics. We do not consider that beginners may have difficulties in understanding the currency pairs that are the foundation of forex and forex trading.

What are the currency pairs in the forex world? Read the rest of this entry »

Chinese proverb:
Those who say it cannot be done, should not interfere with those who are doing it.

The title of this article resembles the seductive sentences you see a lot on scam and phishy or HYIP and Ponzi scheme Read the rest of this entry »

FOMC was released today (August 12, 2009) at 2:15 pm EST and we saw a sudden 130 pips movement. I know there is a question in your mind that if you could take the advantage of that movement or not. In other word, could we trade the FOMC news? Read the rest of this entry »

Money management in Forex trading is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy and discipline. Although money management is so important and critical, it is still very easy to follow. Read the rest of this entry »

Hello

It is a long time that we didn’t have any new post on the site and so the site has been almost inactive. From now on, the introduction and also the tip of the day that we have in the members area, on the daily and weekly reports, will be published on the public area of the site and so everybody can use it. Just the market analysis and forex signals stays in the members area. This not only helps our free users to know what is going on inside the members area, but also helps the members to post comments and have discussions because it is not possible to post any comment on the members area. Read the rest of this entry »

Bollinger Bands are the second indicators I use after the candlesticks. In fact the combination of candlesticks and Bollinger Bands makes the signals for me. Read the rest of this entry »

Forex (and also stock) traders always look for something that tells them when to buy and when to sell. Although all professional forex traders have their own trading system (strategy) but they love to find easier ways for trading. Easier ways means losing less and gaining more. Making less mistakes and having more successful trades. And moving averages (MA) are the tools that some traders use to eliminate the noises and find good and profitable price movements (trends). Read the rest of this entry »