Metexxa.com pretends to be a manage trading company. They have scammed my friend for about $5000. Once they create your account and take your money, they won’t answer your emails and phone calls, and you won’t be able to withdraw your money at all. This is nothing but an honest Metexxa review. It proves that… Continue reading Metexxa.com and VirginsMarkets.com Are Scams
Author: The LuckScout Team
I don't believe in luck. I believe in sweat. The more you sweat, the luckier you get.
Sell Limit vs. Sell Stop Orders: Are They Different?
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… Continue reading Sell Limit vs. Sell Stop Orders: Are They Different?
Is Forex Trading Worth It or Is It a Waste of Time?
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… Continue reading Is Forex Trading Worth It or Is It a Waste of Time?
How to Become a Professional Forex Trader the Right Way
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… Continue reading How to Become a Professional Forex Trader the Right Way
Difference Between Wedge and Pennant Chart Patterns
If your question is, what is the difference of Pennant and Wedge chart patterns, then I answer you here at the beginning of this article. However, make sure to read the rest of this article because knowing the difference between Pennant and Wedge doesn’t help you to make money as a Forex or stock trader.… Continue reading Difference Between Wedge and Pennant Chart Patterns
Rectangle Chart Pattern Breakouts Trading
The fact that you are here on this page means that you are either a Forex or stock trader who wants to learn chart analysis and now wants to know more about the Rectangle Chart Pattern and trading the breakouts of this pattern. Chart analysis basics are the same. Therefore, what you learn in chart… Continue reading Rectangle Chart Pattern Breakouts Trading
Is Forex Trading With a Small Capital Possible?
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… Continue reading Is Forex Trading With a Small Capital Possible?
Calculating Forex Profit: How Much Profit Forex Makes?
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… Continue reading Calculating Forex Profit: How Much Profit Forex Makes?
Trading Heikin-Ashi Candles on MT4 and MT5 vs. Candlesticks
So, you want to try trading Heikin-Ashi on MT4. In the past, you had to download and install some files on MT4 to become able to use Heikin-Ashi because MT4 didn’t support this indicator or special candlestick. But you don’t have to do it now. The latest versions of MT4 and MT5 support Heikin-Ashi. Let’s… Continue reading Trading Heikin-Ashi Candles on MT4 and MT5 vs. Candlesticks
Use a Forex Position Size Calculator Not to Risk Too Much
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… Continue reading Use a Forex Position Size Calculator Not to Risk Too Much
High Success Rate vs. Proper Risk to Reward Ratio in Forex
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… Continue reading High Success Rate vs. Proper Risk to Reward Ratio in Forex
Forex Chart Analysis the Way Professional Traders Do It
What we know as Forex chart analysis has come from stock traders. It is the result of decades of struggling, blood and tears of stock traders who invented a science that now works for us and enables us to locate buy/sell signals on markets’ price charts. Fortunately, you can now learn all chart analysis techniques… Continue reading Forex Chart Analysis the Way Professional Traders Do It
Bollinger Bands Squeeze As a Strong Forex Trading Strategy
Bollinger Bands Squeeze or Bollinger Squeeze is one of my most favorite Forex trading strategies because it is so easy to follow. It is more a mechanical trading strategy rather than technical. It is a great trading strategy for novice traders who don’t have enough knowledge and experience in locating strong trade setups. If you… Continue reading Bollinger Bands Squeeze As a Strong Forex Trading Strategy
How Does Non-Farm Payroll Affect the Forex Market?
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… Continue reading How Does Non-Farm Payroll Affect the Forex Market?
Should You Avoid Trading Forex News Releases?
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… Continue reading Should You Avoid Trading Forex News Releases?
Trading the High Impact Forex News: Methods, Pros and Cons
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… Continue reading Trading the High Impact Forex News: Methods, Pros and Cons
Trading USD/CHF: Trading the Long-Term Forecast
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.
Is Forex a Ponzi Scheme?
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… Continue reading Is Forex a Ponzi Scheme?
Is Forex a Pyramid Scheme or Has Nothing to Do With It?
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… Continue reading Is Forex a Pyramid Scheme or Has Nothing to Do With It?
Is Forex Trading a Good Way to Make Money?
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… Continue reading Is Forex Trading a Good Way to Make Money?