Beginner

Why do a lot of profits turn into a loss position (loss) and good trading strategies produce more loss than profit? As continuation from the previous article about the role of mind in forex trading, here we are going to talk about the second M on the three pillars of forex trading: Money.

One of the most basic tenets of Forex trading is knowing what you are doing before you begin. The key is to understand what trading Forex is all about so the effort will be worthwhile and profitable.

I have to admit that Forex trading is one of the hardest jobs in the world to make big money. The main reason why many traders failed in the Forex market is because their lack of knowledge. It is not a matter of working hard, but a matter of working smarter.

There are correlation between currency pair, liquidity, and volatility in the forex market that will benefit you when you have knowledge about it. This article will talk about this topic and provide you with an alternative in choosing which currency pair to concentrate in.

If you don't want to drown in forex market whirlwinds, then you should plan your trade carefully. The plan will be your guide when the market suddenly turned bad, or when your trading system is giving out false signal. Still, with so many rules and analysis, how do we figure out what to be done and which should be done first?

Learning the characteristics of currency pairs will help you understand the pattern of price movement that will help your analysis. Here are the characteristics of the four major pairs in forex trading.

Opportunities in forex trading can be acquired not just by simple buy and sell transactions. Actually, you can make use of other mechanisms to your benefit; from Pending Orders to different kinds of financial contracts.

What is currency pair? Do you know about spread and pip? Well, entering the forex trading world needs a good understanding of certain terminologies like them. Here you can learn about them.

In order to trade in the right market, you need to consider some important matters when choosing the forex pairs. This article will also provide some useful knowledge on the basics of reading a chart.

There are many things you should think about before committing your money and time on forex trading. To help you consider, here is a list of advantages and disadvantages of forex trading.