This article is focused on trading EUR USD currency pair. What you are about to read is a EUR USD Trading Guide which could be extremely helpful for a lot of people who are about to begin or aspiring to start trading forex and be able to trade like a pro. Read the rest of this entry »

Talk to a Forex traders about Whipsaws and notice their face go white, you can actually notice shiver in the eyes – There isn’t a better way to explain the phenomenon called whipsaws, better than that. It’s one of those fearful, unpredictable jolts that hit the trader on his face within minutes and he loses money, and confidence in the same breath, not able to figure out why winds out of a sudden blew in the opposite direction! Read the rest of this entry »

They say 95% of the traders lose. I think this is a very optimistic statistics. If we consider the retail traders who open small accounts like $500-1000 , then the real percentage of the losers is over 99%. This is not limited to trading, because there are similar statistics about the other businesses too. For example it is said that usually 95% of the small businesses are ended to bankruptcy or failure. So it should not be shocking to hear that 99% of the forex traders lose, because forex trading is more technical and needs more discipline, skill and knowledge than the other businesses.

However, something that looks really shocking is that almost all of the members of this “99%” group forget about the most important things, and care about so many things that have absolutely no importance and positive impact on their success. In this article, I am trying to enlighten you about the psychology and mentality of the losing and winning traders. If you are still among the losing traders, you should know and change your mentality. Therefore, you will join the winning traders. Read the rest of this entry »

Position Size Calculator:

As a forex trader, sometimes you have to make some calculations. One of the most important thing that you have to calculate is the position size. Read the rest of this entry »

Everyday I see so many traders who trade forex, but still don’t know what margin, leverage, balance, equity, free margin and margin level are. Read the rest of this entry »

“Forex Trading Is Easier Than What I Thought” is what I hear a lot from many of the Forexoma clients recently. No, the forex market has not become trader friendly recently. It is still the same as it was used to be; wild and brutal. It is the Forexoma Online Trading Room which has made the Forexoma live account holders believe that forex trading is easier than what they thought. Read the rest of this entry »

Demo trading is recommended by the professional forex traders to the novice traders. New traders can practice through a demo account to become experienced and skilled enough with their trading system. Read the rest of this entry »

It is not even few months that Forexoma Brokerage is launched, but even during this short time the internet has become full of the positive reviews by those who have live accounts with Forexoma. Our live account holder clients are impressed by our support, fast and easy order execution, low spread and fast and easy sign up, funding and withdrawal process. However, as the founder of Forexoma, these are not the things that matter for me. A fast, helpful and perfect support, order execution, low spread, fast and easy sign up, funding and withdrawal, and… are just the basic things that a broker MUST provide for the clients. Read the rest of this entry »

When I heard about forex and currency trading for the first time and after learning about the basics of chart analysis and trading, I thought it was very easy to double my money every month. I was not the only one who was used to think like that. Still those who just hear and learn about forex trading, think that a $500 account can make them millionaire within a short time. It really looks very easy when you look at the charts as a beginner. Read the rest of this entry »

What Is Rollover or Swap?

All the positions in the spot forex market have to be expired at 5pm EST everyday. The clearing house will roll over the open positions automatically at 5pm EST everyday. It means the open positions will be exchanged (swapped) for the new positions. Again, the new positions will expire the following settlement date at 5pm EST rollover. This process is also known as “tomorrow, next day” or simply “tom next”. Read the rest of this entry »