Recently I published an article on automated trading software or robots, and explained why you should avoid them. However, there are some technical Continue reading A Technical Analysis Software to Analyze the Price Charts
We have been analyzing different forms of Moving Averages and their many benefits. The difference in time period is what makes plotting different types of Continue reading Follow the Trends with 50-Day Moving Average and Locate the Strong Trade Setups
The financial markets are overflowing with jargons and acronyms and certain times you might feel overwhelmed by the steady flow of technical terms and Continue reading LIBOR and Its Importance in Forex Market
Well now at the very behest you might be wondering what do I mean by participants in a market place? Well there is a buyer, a seller and a product to Continue reading Who Are the Major Participants in Forex Market?
Oftentimes if you have been investing in currency market for an extended time, you might be on the lookout for new instruments to boost your investment Continue reading What Is Currency Arbitrage?
If you have been following us on LuckScout, you know that we trade through following the strong candlesticks patterns and their combination with Bollinger Bands. Continue reading Trend Strength and Exhaustion and Trend Indicators
Professional and senior traders believe that volume doesn’t make sense in forex trading, because this market is really different from stock market. Volume makes Continue reading Forex Volume Indicators Interpretation
Number of monitors is one of the other frequently asked questions, in addition to the questions like “how much money can I make trading?” or, “can I become a millionaire through trading?” Continue reading How Many Monitors Do You Need For Trading?
Today, I am going to talk about the best currency pairs for trading. I know that Senior LuckScout followers are surprised, because they know what currency Continue reading What Is the Best Currency Pair to Trade?
It would be really good if there was a way to enter the market right when it started going up, and get out right when it reverses. Many novice traders think that they have to trade like that, otherwise they can not be called a trader. It is not their fault in most cases. They just don’t know they are wrong. This mistake is what they learn from some trading courses, videos, sites, and… . One day I attended a seminar. The instructor showed a slide like this, and explained that he could teach the students to buy/sell whenever the market went up and down: Continue reading Why Most Traders Like To Go Against The Trend?
On August 29th, I published an article about two important mistakes that novice traders make: Averaging Down and Scaling Up; Which One Works? Continue reading Double or Even Triple Your Forex Trading Account Risking 2-5% Only
Making money through forex trading needs 3 requirements to be met at the same time: Continue reading 6 Ways Forex Brokers Cheat You
I wanted to write one article about the most terrible mistakes that traders make. But, yesterday I decided to write one separate article for each mistake, because I Continue reading Averaging Down and Scaling Up; Which One Works?
I am always asked about the weekend gaps, and whether we can trade them and make some money or not. This is a good chance to have a post about the gaps, Continue reading What Are the Weekend Gaps in Forex Market?
Swing trading is a simple way to trade currencies which can make great profits and a major advantage of this method is – you don’t need the as much discipline Continue reading A Simple Swing Trading Strategy
Money market is a place; well actually, money market is called a place just for convenience, but in reality it has not been assigned a definite place as such (like Continue reading Various Instruments Traded in Money Market
If you are among the trader who like to check all the timeframes before taking your position according to your favorite timeframe, you may have some space Continue reading Have All timeframes on One Single Chart in Your MetaTrader Platform (MT4)