Category Archives: Trading Tools

Adding to winning positions in forex day trading

Adding to winning positions in forex day trading

Adding to winning positions in forex day trading Is it advisable to add to winning positions in forex day trading?  Read on to find out… Every forex trader wants to get the most profit possible on every trade. This explains why most traders search for a strategy that helps them enter a buy trade at […]

How To Trade Forex Effectively

How To Trade Forex Effectively

How To Trade Forex Effectively The forex market is a highly volatile one; however it does produce high profits for its traders. It is for this reason that people looking to invest money are interested in foreign currency exchange. Many who learn how to trade forex find it a great deal easier than trading stocks […]

Best Foreign Exchange Tricks Used by Traders

Best Foreign Exchange Tricks Used by Traders

Best Foreign Exchange Tricks Used by Successful Traders There are certain things that successful forex trader do that new traders may not think about.  This is something that you will find with all career paths, where the experienced people know things that the new people do not.  Of course, there are two ways that you […]

Common Misconceptions on Forex Forum

Common Misconceptions on Forex Forum

Common Misconceptions you’ll Pick Up from a Forex Forum This article tries to debunk some of the trading misconceptions found in most forex forums. Traders usually belong to all kinds of different forex communities. Some congregate in certain blogs, while others hang out in a live trading room with other traders.  A forex forum, however, is […]

Learn Forex Trading Management

Learn Forex Trading Management

Learn How to Manage a Trade in Forex Trading If you want to learn forex trading, this article is for you. Entering a buy or sell order is just one side of the coin: knowing what to do as the trade unfurls is the other side, and this is what determines how much money you […]

FX Trading Mistakes and How to Avoid Them

FX Trading Mistakes and How to Avoid Them

FX Trading Mistakes and How to Avoid Them When you trade FX you may find yourself making a lot of mistakes that cost you a lot of money.  Most of these mistakes are things that you can easily spot and avoid.  It is important that you know what these mistakes are so that you can […]

Choosing Forex Trading Software Platforms

Choosing Forex Trading Software Platforms

What to Look Out for when Choosing a Forex Trading Platform Things to watch out for when choosing forex trading software. A forex platform is a piece of software that acts as a portal through which the trader communicates trading information to the broker. On the trading platform, quotes, charts and an interface for entering […]

The importance of a foreign exchange converter

The importance of a foreign exchange converter

A brief look at the importance of foreign exchange converters Foreign exchange converters and trading In the foreign exchange market, currencies are constantly bought and sold. This translates to either a profit or a loss. Of course anyone venturing into the markets would have in mind to maximise profits and avoid losses. To this though, […]

Exiting a Winning Trade in Forex Trading Online

Exiting a Winning Trade in Forex Trading Online

Exiting a Winning Trade in Forex Trading Online In forex trading online, exiting a winning trade is much harder than exiting a losing one. Here, we take a look at how best to tackle this problem. For most traders, the goal is to get on a winning trade. The problem, however, is that only a […]

Why do Most Forex Strategies Fail?

Why do Most Forex Strategies Fail?

Why do Most Forex Trading Strategies Fail? Ever wondered why most forex strategies don’t live up to expectations? Then read on. Most of the time, traders find forex strategies that look very promising on paper, and decide to give it a go. They try it out on a demo account and everything looks perfect. For […]