Search results

Is it still profitable?

Boosting your Forex trading success rate can be achieved by developing and applying top trading strategies. These strategies help to maximize profits, manage risk, and optimize your trading performance. Here are some of the most popular and effective strategies for Forex trading: 1. Trend...

Psychology of Trading: Mastering Your Emotions When Trading Forex Trading Forex can be both emotionally challenging and rewarding. To become a successful trader, it is essential to master your emotions and develop a strong mental discipline. Here are some tips on how to control your emotions...

Understanding forex market hours is crucial for successful trading as currency markets are active 24-hours a day. Forex trading is conducted over a global network of financial centers where investors buy and sell currencies. Market hours primarily depend on the global financial market hours and...

1. Start with a trading plan: Before diving into the forex market, create a comprehensive trading plan that outlines entry and exit points, stop-loss levels, and the desired amount of risk exposure. It should also include details about the currency pairs you'll be trading, the trading...

Forex EA (Expert Advisor) is an automated trading software designed to operate in the Forex market. These programs use algorithmic strategies to analyze market data, make decisions, and execute trades on behalf of the user. While Forex EAs can provide certain benefits, there are also certain...

Hello fellow Forex traders, I hope this post finds you all in good spirits and profitable trades. I wanted to start a discussion about the role and effectiveness of technical analysis in Forex trading. As we all know, the foreign exchange market is a highly competitive and dynamic environment...

How not to lose everything, after losing a Little. Traders get chopped trying to catch every move and then trade hyper scared (Without knowing it), eventually to lose it all. People losing 90% of wealth isn't unique or rare. Avoid:- 1. Impulsive trades 2. Taking on too much risk 3...

Descending Triangle pattern As you probably guessed, descending triangles are the exact opposite of ascending triangles (we knew you were smart!). In descending triangle chart patterns, there is a string of lower highs that forms the upper line. The lower line is a support level in which the...

Professional traders use the profit/risk ratio to estimate a possible profit in relation to a possible loss. In order to understand how much is the profit/risk ratio, the trader needs to determine both potential profit and potential loss. The potential risk is the difference between the entry...

A horizontal channel is a chart pattern formed from two parallel trend lines drawn above and below price representing resistance and support levels. Horizontal channels, also known as horizontal trend channels, are chart patterns used in technical analysis. Like ascending and descending...