Archive for May, 2011

Forex Trading is another kind of gambling to those who didn't take the time to educate themselves and gain a thorough understanding of both Fundamental and Technical Analysis basics. Discipline and psychology are great, but they can be replaced by a Forex Trading robot, if you can't keep up with your system. What can't be replaced, is the perception of the Political and Financial Factors that influence the market, and the correlation between price movement and historical data. A great recent example of fundamentals' role is the EUR/USD pair. Chinese Governmental Officials missed no chance mentioning how determined they are to support the EURO and keep it climbing. From early February 2011 when the pair was at a rate of 1.3400 they pushed it up to the astronomical level of 1.4900 on early May, till Osama Bin Laden's death kicked it 1000pips off its throne within 20 days, turning all eyes to the "Greenback"'s recovery. How much significance would 1000pips represent for you had you shorted the EURO joining the downtrend on time?

How can you use Fibonacci levels as part of a larger chart pattern? Find out here!

How can you use Fibonacci levels as part of a larger chart pattern? Find out here!

For many traders, Forex trading success does not come easy. This is largely a result of the fact that most beginning and aspiring Forex traders simply have unrealistic expectations regarding their ability to make money in the markets. Most traders start trading with the idea in their mind that they are going to quickly turn it into a full-time career and quit their jobs and live on the beach somewhere drinking martini's all day.

Forex traders are often in search of getting bigger profits in minimum time with reduced potential of risk. Such ideal situation was once considered day dreaming and it was thought that any business that involves zero risk is no business at all. The concept, however, has changed with time.

Traders often hear advertisements that tout outrageous gains like 50% in one week. We start trading for a while, and suddenly will reality sets in as we understand that these gains are not sustainable. Now that reality has set in, let's take a look at how a prudent trader goes about discovering how to control their risk in the Forex market.

Trading successfully in the Forex world is never easy. It takes a lot of experience and a good Forex training education. Like doing business, Forex trading requires careful planning and execution before you can make it big. You must have knowledge on the basics of how to trade. Going into the arena without any weapon would instantly spell defeat.

An article about the basics of high-stakes FX trading. In order to start working with a forex broker, you must first learn the forex resources. One such economic indicator is the Current Account Balance. If you are interested in getting started with a forex trading platform, this is the perfect place to get introduced.

In this series of articles, we have so far built up a foundation of Fibonacci as applied to trading: how the Fibonacci ratios are derived, how to measure Fib Retracements and most recently how to measure Fib Extensions. This article focuses on trading withe 88.6% retracement.

There are lots of Forex robots on the market, and they all claim to make you money. How do you pick the best one, the one that actually delivers on the promise? Here are five steps that will help you choose a system you will love.