Category: Trading

You can get in the markets through two ways. You can click on the buy or sell buttons on the trading platforms, or you can set pending orders and wait for the markets to trigger them. The second way is not that popular among traders. However, in case you receive signals from other parties, you must know how to set pending orders because most of their signals come as sell limit, sell stop, buy limit and buy stop orders that are pending orders that have to become set and keep waiting for the market to trigger them. In this article, I am covering the sell limit vs. sell stop orders, their differences, and the way you must set them. You can make mistakes if you don’t know how to do it, and so you can lose, or miss a good movement, because the sell limit and sell stop orders are really different from each other. Continue reading Sell Limit vs. Sell Stop Orders: Are They Different?

Is forex trading worth it or is it a waste of time and money? This is the question that most people ask. They ask the same question about stock trading too. The answer depends on who you ask the question. If you ask those who have lost their shirts in Forex trading, the answer will be a big NO definitely. If you ask the consistently profitable Forex traders, who can be found very rarely, they will answer yes, but at the same time they will explain how to do it, not to waste time and money. Continue reading Is Forex Trading Worth It or Is It a Waste of Time?

So, you want to become a professional Forex trader. That’s why you are here, reading this article. I’ll tell you how you can achieve this. There are so many things that you must consider if you are serious about becoming a professional Forex trader who makes money consistently. This is possible to achieve if you follow the right track. But it becomes impossible to achieve if you don’t do it the right way. Forex trading can be the best event of your life, while it can be the biggest disaster also. It all depends on you, the way you choose to learn and trade Forex and the way you will manage your mind. Make sure to read this article to the end, and also come back to read it over, once in a while, because we human beings are forgetful creatures. We forget our goals, when our emotions take our control, or when we think that the grass is greener at the other side. Continue reading How to Become a Professional Forex Trader the Right Way

Trading capital is one of the most important problems of novice Forex traders. Many of them learn or even master the Forex trading techniques. But they don’t have the money they think they must have to start trading Forex and making a reasonable amount of monthly profit. That’s why they want to know whether Forex trading with a small capital is possible, or they must have lots of money to do it. Therefore, if that’s also your question, make sure to read this article to the end because you will not only receive the answer, but also you will learn lots of things that you must know before you start trading with real money, whether with a small capital or a professionally large account size and a big trading budget. Continue reading Is Forex Trading With a Small Capital Possible?

Two groups of Forex traders google for methods of calculating Forex profit. The first group are the Forex traders who want to know how much profit they will make with the positions they want to take or they have taken. The second group are novice Forex traders who want to know how much profit Forex makes as a full-time work and in long-term. To any of these groups you belong, I recommend you to read this article entirely because it will open your eyes to some facts that you didn’t know before. These facts will make some big and positive impacts in your Forex trading results. When you know these facts, you will have more enthusiasm to continue, and you will know how rich you are going to become through Forex trading, and what you should expect for if you become a Forex trader. So, make sure to read this article to the end. Continue reading Calculating Forex Profit: How Much Profit Forex Makes?

Do you calculate your position size before taking positions? Most Forex traders don’t do this because it looks hard and complicated to them. You can use THIS Forex position size calculator, whenever you want to get in the market. However, do yourself a favor and read this article to learn (1) why you should calculate your position size as a Forex trader; (2) why you should not risk more than 2-3% of your capital in each position, and why your long-term success is linked to these two. If you want to manage your risks, not to take more than a 2-3% risk in each position, you must calculate your position size, based on your account size, and also the stop loss size of the position you want to take, before taking any positions. Continue reading Use a Forex Position Size Calculator Not to Risk Too Much

Most novice Forex traders think that having a high success rate is something that makes them profitable. If you tell them that you are also a Forex trader, the first question they ask is, “how much is your success rate?” Success rate is important, but having a proper risk to reward ratio is critical. Success rate and risk to reward ratio (also known as R/R ratio) are different terms and topics and they cannot be compared with each other. They have different realities. Having a proper impression of these terms helps you to be a better and more efficient Forex trader to get closer to becoming consistently profitable, in case you are novice trader and you are still learning. Continue reading High Success Rate vs. Proper Risk to Reward Ratio in Forex

Non-Farm Payroll or Non-Farm Employment Change is the most important USD-related news that has the highest impact on the Forex market. If you google for Forex-related news or economic indicators, you will be faced with a too long list of the news with different names and descriptions. Novice traders who want to choose news trading as their trading method/style, usually make this mistake and waste their time to follow all of these news because they are told and they think that all of them can give good opportunities to trade Forex and make money, but this is not right. Continue reading How Does Non-Farm Payroll Affect the Forex Market?

You read everywhere that there are two kinds of Forex trading styles: (1) News or fundamental trading which is also known as trading Forex news releases; and (2) technical trading or chart analysis

Therefore, novice Forex traders try to choose one of these ways at the beginning of their Forex trading journey. Many of them go for the first option because they think it is easier and less technical and complicated. However, the question is, are they really right? Can you really make money easier through trading Forex news releases? Continue reading Should You Avoid Trading Forex News Releases?

Some news like Non-Farm Employment Change are known as the high impact Forex news. It means they have a strong impact on Forex market and can make it move strongly. They create strong price fluctuations. Some traders try to get in the markets when these news get released because they need price movements and volatility to trade and make money, and, the high impact Forex news create lots of volatility sometimes. In this article, I am explaining how you can do this too, and will also explain the pros and cons of Forex news trading, and the best ways of trading Forex and making money, even when you haven’t become a professional and consistently profitable Forex trader yet. So, make sure to read the article entirely because it makes a big difference in your Forex trading journey and your success rate. It will make your life a lot easier. Continue reading Trading the High Impact Forex News: Methods, Pros and Cons

USD/CHF is one of the most popular currency pairs. It reflects the value of USD or US dollar better than other currency pairs because CHF or Swiss Franc’s value is usually constant. It doesn’t change that much. Therefore, the USD/CHF price fluctuations simply reflect the USD value fluctuations. Continue reading Trading USD/CHF: Trading the Long-Term Forecast

Those who ask, “is Forex a Ponzi scheme?”, they don’t know what Forex and Ponzi scheme are. They just know that Forex makes money, and Ponzi is bad and illegal. However, they want to make money with Forex, but they are afraid that if Forex is a Ponzi scheme, then they may legally get into trouble if they trade Forex. Please spend a few minutes and read this short article, if you want to become enlightened about all these things: Continue reading Is Forex a Ponzi Scheme?

Forex trading has become so popular in the past ten years because people see the potential of making money with it. Whether people are right and they can really make money with it or not, is a different discussion that I’ve covered in some other articles (e.g. here and here). This article is focused on two other important questions because many of those who are new to Forex think that Forex is a pyramid scheme. If this is your question also, make sure to read this short article carefully because it prevents you from having wrong impressions and taking wrong decisions. Continue reading Is Forex a Pyramid Scheme or Has Nothing to Do With It?

If you are looking for the answer of the question, whether Forex trading is a good way to make money, it means you know what Forex trading is, but maybe you are not a Forex trader, or at least you are not a profitable Forex trader yet. You are curious to know whether it is a good idea to focus on Forex trading as a source of income or not. Luckily, you are in the right place now because you will get the right answer, so that you can take the right decision. Continue reading Is Forex Trading a Good Way to Make Money?