Why Discipline and Psychology are such an important part of Forex Trading

forex-discipline-forex-psychology

In this post I will discuss the importance of having good forex discipline and psychology. I will cover how these are major factors in your journey to becoming a successful forex trader and what you can do to ensure that you have good forex discipline and psychology. I will look at ways that you can limit the bad habits associated with poor discipline & psychology by forex traders. When implemented in your trading, these factors can be the difference to becoming a long-term profitable forex trader or to giving up. Many newbie forex traders focus on finding the holy grail …READ MORE

AvaTrade Review

AVA Trade Review

In this post I will review the very popular AvaTrade forex broker. AvaTrade have some of the most competitive low spreads I have seen and lightening fast execution speeds in comparison to many forex brokers. These factors amongst many others make AvaTrade one of the best forex brokers in my humble opinion. The AvaTrade support team is also excellent and on hand to rapidly answer all of your questions 24 hours a day in 15 different languages. This is important as I have found some brokers to always have their chat offline and even take days to respond to basic …READ MORE

An introduction to Forex Money Management and the basic principles for forex traders

forex-money-management-explained

In this post I will be giving a brief overview of the basic Forex Money Management principles and how they can affect your forex trading. I will touch upon some of the most important aspects and compare the different types of Forex Money Management strategies to try and help you to understand the importance of good money management and decide on what Forex Money Management strategy is most suited to your individual trading style. What is Forex Money Management? In a nutshell, Forex Money Management are some basic rules that you follow when trading a forex strategy on your trading …READ MORE

What is Forex Leverage and Margin and how do they impact forex traders?

forex-leverage-explained

In this post I will be giving a layman’s explanation of Forex Leverage and Forex Margin to help you understand what they are and the potential risks involved. It is extremely important that you have a clear understanding of both Forex Leverage and Forex Margin before you start trading. I often see forex traders around the web trading without an understanding of these very important factors and whilst brokers may promote high leverage to attract clients, it can be dangerous especially to the uninformed who wonder why they end up blowing their trading account with a margin call or stop …READ MORE

What are Forex Spreads and why are they important?

forex-spreads-explained

In this post I will be explaining what forex spreads are and why they are an important factor to consider before trading the forex market. Forex spreads can be the difference between a profitable and non-profitable forex trading strategy, especially when using a forex scalping system. Before placing a trade, you should consider the current spread and how it can impact your trading costs and therefore the potential profits your next trade may or may not achieve. What are Forex Spreads? In a nutshell, forex spreads are the difference between the bid and ask price. This is a trading cost …READ MORE

FX Primus Review

FX Primus Review

In this post I will review the established forex broker FX Primus. FX Primus prides itself on being the self-proclaimed “safest place to trade”. FX Primus spreads start from as low as 0.1 pips with 0% fees on traders’ deposits and withdrawals. They use third party monitoring for safety of client fund by partnering with Boudica Client Trust who monitor client withdrawals. This helps to ensure that client withdrawal requests are executed as quickly and efficiently as possible. FX Primus is a regulated entity whilst being a member of the Investor Compensation Fund (ICF), this effectively means that client funds …READ MORE

8topuz Review

8topuz-Review

In this post I will be reviewing the extremely innovative and forward thinking 8topuz developed by an emerging fintech company who specialise in the development of artificial intelligence trading algorithms, with great success! Through 8topuz, the average trader can benefit from one of the most advanced trading algorithms that has been applied to forex trading. 8topuz has a proven track record of delivering a good solid performance at the time of me writing this review, with a real verified by FX Blue account showing an impressive gain of over 44k with a win rate of around 60% on a live …READ MORE

How to Predict Forex Market Direction

Forex is known to be volatile, but in reality, it’s not that simple. The market is not random, even if it sometimes seems that way. Instead, it has rules and even laws. You just need to know how to read the situation and understand what it means. Forex has been around since 1981, but for a long time market analysis was neglected. There are reasons to believe that the major banks and other market participants had internal analytics divisions, but their findings were not made public. Even after private Forex trading was allowed in the 1990s, market analysis remained neglected. …READ MORE

Ninja Forex Review

Ninja Forex Review

I this post I will be reviewing Ninja Forex which is a forex trading website which helps to facilitate interaction with fellow traders to share and learn from each other’s experience. This is not a forex trading tool as such but does include information that could be beneficial to some traders. You can challenge each other and compete whilst checking out others strategies to see if they have aspects you can include within your own forex trading strategies. The Ninja Forex website includes a wide variety of verified forex accounts that you can view in more details should you be …READ MORE