Did you know that most trading platforms offer in excess of 100 indicators? This, as you can imagine, often leaves traders overwhelmed, particularly in the earlier junctures of their journey. Before we get into the ‘meat and potatoes’ here though, remember that the best indicator will always be the one that suits YOUR trading style … Continue reading 3 indicators used by traders every day
Plotting support and resistance levels is often a challenging and subjective task. It is also commonly one of the first areas of price action new traders attempt to tackle. Support and resistance can be established in numerous ways, such as: trendlines, moving averages, pivot point levels, Fibonacci levels, key high/low points etc. A common complaint … Continue reading Using Psychological Levels in your Trading
Imagine for a moment that you’re a newly appointed trainee chef. Eager, excited and ready to get in the kitchen, the head chef unexpectedly throws you a curve ball. He asks that you begin preparations to cook five-star meals at their finest restaurant in town that evening. We’d be surprised if this didn’t raise an … Continue reading Making use of your Demo Account
‘But out of limitations comes creativity’ – Debbie Allen. Ten years ago, smartphones did not exist. Three decades earlier, no one even owned a computer. Today, however, nearly everybody is connected. Thanks to this technological advancement, creating an alternative source of income through trading is appealing. Despite the appeal, many traders, particularly those new to … Continue reading Is It Possible to Trade Forex Part Time?
No matter how hard you try, it will be impossible for you to climb up the trading ladder until you’ve learned how to risk live money. Trading in the live market draws in psychological elements that are generally not experienced in a simulated environment. This, as you’ll see throughout the article, is the key difference… … Continue reading Demo trading vs. live trading