Author: priceactionadmin

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 […]

Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. In order to get a profit, you have to analyze the chart and besides that, you have to keep your eyes on the news. And most importantly you have to control your sentiment. Combining the different approaches has […]

Installing and running multiple MT4 client terminal instances on the same machine is easier than you think. These days every MT4 user should learn how to do it because sometimes you have to do it on your own. This way you can open two, three, or even more MT4 platforms on the same computer, login […]