Author: priceactionadmin

Within the world’s largest financial market where exchanges achieve as much as trillions of dollars every day, lots of people would actually want to be a part of this market. Apart from being the largest financial market on the planet, Foreign exchange can also be probably the most liquid market on the planet where trades […]

Forex trading (FX) doesn’t always go smoothly, and sometimes it can be frustrating. Some Forex traders can become greedy or fearful, and for this reason, they are often inclined to make bad decisions that can negatively affect their accounts. One way to avoid this issue would be to use an Expert Advisor, or EA. An […]

Trading psychology is a critical phase of achieving success in the forex market. It deals with the emotional condition of a trader when entering and closing trades, looking for potential trade opportunities, or carrying out other trading-related tasks. Usually, most traders experience losses because of negative emotions that hamper their rational decision-making processes and cause […]

1. Invest in forex education Forex trading education is very critical ingredient for overcoming the above-mentioned psychological impediments. With proper training, you will gain essential skills for making good decisions, instead of relying on your gut feelings and prediction.If you want to blindly enter and exit trades without having sufficient reasons for making the decisions, […]

Stage One: Unconscious Incompetence This is the first step you take when starting to look at your trading chart. You know that it is a good way to make money because you’ve heard so many things about it. Unfortunately, just like when you first wish to drive a car you think it will be easy […]

The non-farm payroll (NFP) figure is a lead economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees, and employees of nonprofit organizations. NFP releases generally cause a large movement in the forex market. The NFP data is normally released on the first […]

News trading has been becoming increasingly popular among Forex traders because it offers opportunities to make large profits within a relatively short period of time. However, just like not all fingers are not the same, not all macroeconomic news events have a similar impact on the market. For example, the German Flash Manufacturing PMI will […]