I have been trading with Oanda for a number of years and i have to say they are by far the best broker i have ever traded with so i feel they deserve the honour of my very first Forex broker review.
Im sure many of you will have already heard of Oanda as they are one of the worlds largest and ... Views:2374
"How do you define a successful trader?"
Now there are probably a million ways to answer this but in this article I want to discuss what I call the final step - trading unconsciously.
Now in almost any profession when you reach a sufficient skill level your actions become repetitive with ... Views:1078
There is no rule of thumb when setting stops or take profits but generally you will want to keep your risk to reward a minimum of 1, preferably 2 or higher.
In case you're not familiar with R:R, it is how much you intend to risk vs. how much you intend to gain.
An R1 would mean you are ... Views:973
Hi readers.
Today I wanted to address something you probably hear over and over, and that's the importance of keeping a trading journal!
As most will already know Forex trading is a numbers game with no certainties just probabilities, a successful trader has to put the probabilities in ... Views:1112
Hi readers
Today I wanted to cover the topic of discretionary price action trading, what it is, what it isn't and most importantly why you should be using it.
As most will have heard or know from experience most indicators are lagging indicators, lagging indicators use previous price ... Views:1559
In this short yet informative article i'd like to highlight the importance of compounding consistent long terms profits in order to be a successful trader.
Every year hundreds and thousands of new traders come into the forex arena looking for riches, trading 24 hours a day shooting for 50% a ... Views:6212