Forex market does not always behave the same. Sometimes it doesn’t trend for a long time and so trend traders have to sit on the fence and do nothing. Sometimes it keeps on moving strongly toward a direction and it doesn’t give you any chance to enter. Sometimes it keeps on moving inside a range and those who are used to trade with some special times frames only, will not be able to trade for a long time. Above all, sometimes a good trading system that was used to work like a charm, stops working and starts hitting the stop loss. Read the rest of this entry »

Forex trading systems are nothing more than a set of rules that traders use to arrive at their entry & exit points. Developing and using trading systems can help traders to earn consistent returns and limiting risk at the same time. Let us look at different types of trading styles in this post. Read the rest of this entry »

Knowledge, experience and proper mental and psychological situation are three important things that all traders should have. As a trader, if your losses are still more than you gains, you should analyze yourself and see where the problem is placed. You should know if you have enough knowledge and experience or not. If the answer is yes, then your problem is in controlling your emotions. You can have the knowledge but you do not trade based on it. You trade based on your emotions. Read the rest of this entry »

Forex traders lose money in currency market for many reasons. They may not have the right methodology to trade with. They may not have clear understanding of how the market works, key indicators, key numbers, and ideal times to trade. Risking too much per trade and not being mentally prepared for the ball game. Read the rest of this entry »

People often misunderstand what it actually means to be successful. According to an average guy, a successful trader is the one with a lot of money who can lead a dream lifestyle without having to look at the price tag! Read the rest of this entry »

Forex Options Trading is not like Stock Market options, they are very different in their uniqueness and therefore investors find it a lot more attractive than stock trading. Read the rest of this entry »

Scientific research has proved that abundance of natural talent has hardly ever spelt great success. But painful and demanding practice and hard work has produced many successful traders who have and continue to make money in the forex market. Read the rest of this entry »

Estimates and reports claim that only 5% of traders end up with consistent profits. Why is that? Why do 95% people end up losing money? There is some objective reason why some traders make money and others lose it. Some people say luck plays a role, but I feel these are really gamblers, not traders, and so they talk about luck. Sooner or later, this luck runs out, leaving them with big holes in their pockets. Read the rest of this entry »

Irrespective of what you may have been made to believe about day trading – that it can be a pretty easy and lucrative way to make a living or build wealth from the convenience of your home, with just a personal computer with web access etc – its more than that. People have begun to realize that though whatever is said may be true to a great extent nothing is ever so simple. Day trading may be lucrative but not easy. Read the rest of this entry »

Every trader needs a mentor. A sober third party with some wisdom who is qualified and experience to provide input, advice, direction or just a different point of view to an individual learning the ropes of trading. A mentor could help a trader through various phases - whether it is a return to basics or just a different way of thinking about a particular idea. Read the rest of this entry »