At certain times of the year, a large number of professional and institutional traders switch their computers off and head off on holiday.
We're just coming out of one of the quietest periods on the markets, over Christmas and New Year.
So when the markets are quieter, should you trade?
Read on to find out…
When the professional forex traders take a holiday, so should you
If yo... ››› more
If there's one technical indicator that professional forex traders can't live without, its Fibonacci retracements.
Fibonacci retracements are great to help you find key support and resistance levels. And it can help you decide when it's time to take profits from your forex trades.
So what are Fibonacci retracements? And how can you use them?
Let's take a closer look…
The ins and o... ››› more
At my most recent Forex seminar I hosted in Sandton, I was asked a question which I thought was very important to know for successful Forex trading.
“How do I find profitable Forex trades?”
I spend all of my time looking for great currency trade opportunities, so today I'm going to show you three steps on how to find profitable Forex trades.
Let's get to them!
Three steps you... ››› more
For anyone to be successful at trading, they need to manage their risk. It's a crucial aspect to any trader's strategy. If you don't manage your risk you are at risk of wiping out your trading account. And good management will lead to you becoming a better trader over time. But it all comes down to understanding exactly what you're doing. Let's look at how you can improve your trading…
Techniq... ››› more
When I was new to trading, I learnt plenty of timeless principles from different traders, which helped my Forex trading performance like you have no idea!
I have to tell you about one or two of my encounters that I'll never forget.
There was a time when I met up with a successful Forex trader from Germany who's been trading in the markets for over 32 years.
That's 22 more years' trading t... ››› more
With countless currency pairs available in the Forex market, only a handful of them that are suitable to day-trade with.
The rest are what I call the "small-frys" of the Forex ocean.
And if you don't know what you're dealing with, these little guys could cost you big time!
So what are they?
Ignore these minor currency pairs from your short-term trading
Minor currency pairs are the smalle... ››› more
"Why do over 80% of Forex traders lose money?"
This is a common question I'm asked on a monthly basis!
Let me tell you three main reasons why so many Forex traders lose money...
Reason #1: Media hype gets them in!
Traders tend to jump straight into the Forex market based on what they see and hear on Bloomberg, CNBC and what they read in the newspaper.
Remember, when you read a news ... ››› more
Investing in foreign currency often referred to as foreign exchange (Forex) is a great way to earn substantial returns in a volatile and fast-moving market. But, “too many people ruin their chances trading Forex, either by jumping in with very little knowledge and suffer huge stress and inevitable crushing losses,” warns Forex expert Gavin Fourie in Ultimate Secrets to Forex Trading. Read on t... ››› more
Japan's continuing to prove itself head and shoulders above other economies at the moment, Its exports and consumer spending are seen as the reason for its 3.5% growth from January to March this year and proof that it's outshining top economies like the US. Now, it's going so far as to ‘share' its wealth by pledging $2 billion to African resource growth. But as Japan continues to print money out... ››› more
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