Many of the best traders began their careers on a frustrating note, experiencing the same difficulties most of us go through. Trading is a process that can take years to master. Much of the learning consists of governing one’s psychological state and deciphering between high and low-probability situations. Any trader worth their salt will tell … Continue reading Trading Confluence: a High-Probability Approach
Formed by two of the largest currencies in circulation, the EUR (Euro)/USD (United States dollar) currency pair continues to be one of the most actively traded assets in the world. Currently, the Euro ranks second behind the US dollar in regard to global liquidity. Given that the unit is made up of two of the … Continue reading The EUR/USD
We’d be surprised if the title did not raise a few eyebrows! Opening points? Well, we can tell you that we’re not referring to pivot point levels. This is a common method. Just type ‘Pivot points forex’ into Google search, and you’ll be inundated with information. The approach we’re going to show here, as far … Continue reading How to use yearly, monthly and weekly opening points
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
In this day and age, becoming an independent financial trader is easy. You just need some capital and a brokerage account, and voilà, you’re a trader! The only problem is, trading the markets is not quite so straightforward! First steps Before anything else, you’ll need to ask yourself WHY you want to become a trader. … Continue reading Do you want to be a Trader?