It is said that forex traders lose mainly because of their emotions. If you ask about the emotions that are the cause of forex traders losses, you hear the two words, fear and greed, more than any other word. When you try and lose, you may ask yourself what your problem is? Are you losing because of your fear, or it is your greed that makes you lose? Or you lose because of not having enough knowledge and experience in forex trading? Read the rest of this entry »

“Have You Given Up On Forex Trading?” is the title of the article published on Forexoma two days ago. We sent an invitation to all of the Forexoma users after that and asked them to read the article and let me know about their ideas. Among all the reactions that we got from Forexoma users, one is more interesting to focus on. We wrote his answer on the same article, but then thought we’d better to have it as a new post, because we are sure that many of you think the same way. So it might help. Read the rest of this entry »

Forex trading looks easy at the beginning. In fact, when you initially learn a little about the technical analysis and then you look at the back data and locate the past trade setups, you think that you have found the right way to make a living and achieving your dreams, but you get a different result than what you expected when you open a live account and start live trading. Read the rest of this entry »

I am sure all of you have heard about Albert Einstein. Probably he is one of the most famous scientists who created a big revolution in the scientific world and opened several new gateways of research and development. Theory of relativity, founding of relativistic cosmology, the prediction of the deflection of light by gravity that was later ended to understanding of black holes, the quantum theory of atomic motion in solids, the zero-point energy concept, the quantum theory of a monatomic gas, and… are only some of the things that he has done. But does Einstein have anything to teach us about trading? Yes, he has 8 amazing trading lessons. Read the rest of this entry »

As far as I have learned so far, online forex and stock trading are the only businesses that emotions have the highest and strongest impact on them. Currency market goes up and down based on nothing but the decision of the buyers and sellers. When most traders decide to buy, the price goes up and when they decide to sell, the price goes down. 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 »

You’ve heard that playing the market is a mathematical game. Plug in the right numbers, make the right calculations and you’ll come out ahead. So why is it that so many traders end up on the losing end of the market? After all, everyone has access to the same numbers, the same data, the same info – if it’s math, there’s only one right answer, right? Read the rest of this entry »

Majority of individuals calling themselves forex traders are a nervous lot. With limited exposure and experiences most traders end up paying large amount of money towards learning forex trading. Then there are other reasons for their limited success or repeated failure – that they use the less advance forex trading tools which results in forex traders becoming the sacrificial victim. Read the rest of this entry »

No matter which category of trader you may be or may be wanting to be - a newbie who has recently started testing waters, an explorer by experience, or someone that making her or his living exclusively from trading, you can be successful. Many aspiring traders are restricted in their thinking and assume that they need to have significant capital, or years of experience, to trade successfully. That’s not the complete truth. Read the rest of this entry »

Forex is all about how to hit the next ball correctly rather than worrying about something of a distant future. Anything is possible in forex. Do not worry about what market will do. Just worry about what you will do when market reaches your “pain point” or “happy point”. You will have an easier life as a trader that way. Read the rest of this entry »