Have you ever found yourself unsure of what order to use, or where to correctly position it? If you have, then this article will help in providing a good foundation. It’s surprising how often we find traders that do not understand even the most basic entry order techniques, yet they feel they’re ready to tackle … Continue reading A basic introduction to the different order types used in the forex market
‘What you don’t know can’t hurt you’. This widely used idiom may apply to some things in life, but certainly NOT when it comes to leverage! Quite literally, the MORE you know the BETTER! What is leverage? Leverage essentially means having the ability to control a large sum of capital using very little of your … Continue reading What is leverage and how does it work in the Forex market?
In this article, you’re going to find out what instruments the majority of investors/traders use in the forex market, and also the cool facts that surround these individual units. What is a Major? In simple terms, a major is a FREQUENTLY traded (liquid) currency. The US dollar, the Great British Pound, the Australian dollar, the … Continue reading The Majors
The word ‘Independent’, or ‘financially independent’, is KEY here my fellow traders! Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one’s mouth. A lot of people are often left thinking that there must be more to life than … Continue reading Why becoming an independent Forex Trader is appealing
From a psychological standpoint, taking trades on a demo account compared with trading in the live market are two completely different animals. Think tame house cat and wild lion! Regardless of how long one has successfully been trading on a demo account, pulling the trigger when hard-earned money is on the line is emotional for … Continue reading Taking your first live forex trade