What is Forex Price Action Analysis and how to apply it to forex trading?

forex-price-action-analysis-explained

In this post I will be giving a brief overview on what price action analysis is and explaining how you can start successfully applying it to your forex trading. Whilst price action analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. No matter how good your price action analysis is, you would still need to be a disciplined forex trader and to have sensible money management in place. You should also …READ MORE

What is Forex Fundamental Analysis and how to apply it to forex trading?

forex-fundamental-analysis-explained

In this post I will be giving a brief overview on fundamental analysis by explaining exactly what it is and how you can start successfully applying it to your forex trading. Whilst fundamental analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. Even with the best fundamental analysis in the world, you would still need to be disciplined and have sensible money management in place. You can also include technical, price …READ MORE

What is Forex Technical Analysis and how to apply it to forex trading?

forex-technical-analysis-explained

In this post I will be giving a brief introduction to forex technical analysis by explaining what exactly it is and how you can start successfully applying technical analysis to your forex trading. Whilst technical analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. I mean, you can have the best technical analysis and unicorn indicators in the world but if the afore-mentioned factors are not in place then forex trading …READ MORE

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