When approaching a field like Forex trading where personal decisions translate into profits or losses, having a well-outlined and easy-to-follow plan can make the difference between success and failure. Having a plan to be successful in any field of endeavor is highly recommended, but trading the forex or any other financial market without a plan […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]