Category: Forex Trading

There are many differences between new traders and professional traders.

After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back.

I recently received an email from a new trader who found himself in a losing trade and didn’t know what to do.

After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.

One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time.

This Friday, December 4th, at about 830AM Eastern, the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance...

I’ve seen some new traders have some incredible winning results in a short period of time. However, quite often they will lose those gains as just quickly.

Trading the financial markets is one of the most competitive fields in existence today. I recently received an email from an DailyFX Course graduate who was doing all the things necessary to become a profitable trader.

Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a...

Non professional forex traders often take the plunge into trading forex before taking the time to learn forex and equipping themselves with the knowledge necessary to find success.  Forex trading is business and not like approaching a...