There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry.
At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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Many Forex traders use FX scalping as their primary trading method. However, Forex scalping trading is not for everyone, but it is suitable for a very specific type of trader. In this article, I will explain what scalping is, whom it is suitable for, how you do it, and whether scalping Forex strategies work.
Forex brokers are no different to the rest of the industry, and there are many Forex brokers that offer Sharia-compliant accounts which are free of overnight interest payments or charges.
Recently, I came across an interesting trading strategy, intended for futures trading but theoretically applicable to retail Forex trading. Learn about the strategy here.
Top Forex Brokers
This is a title that is hard to read or write without smiling. The “holy grail” is the mother of all Forex jokes and cynical constructions.
We defined Order Flow trading as a wide-ranging term for styles of trading that are all focused on anticipating where large buy and sell orders would be located, and in trading along in tandem with those orders
There is a lot of confusion and dispute over what exactly order flow trading is, let alone how it can be utilized as a profitable trading method.
Once we become familiar with the trading tools that are most common in the financial markets, it is important to start thinking about the ways these tools can be used.
MACD (or Moving Average Convergence Divergence) – pronounced “mac-dee” – tracks price momentum strength. Because of its popularity, it is a standard technical indicator included in every trading platform.
Should you be using Strangle or straddle? Read more for a brief explanation, examples , pros & cons and how to use these two strategies in Forex.
Bonuses & Promotions
Many retail traders start out either restricting their trading to a few pairs, or trading every instrument they can get their hands on. Why is this? Find out here.
In this article you will learn the various aspects of the Pin Bar Trading Strategy used during a Pin Bar momentum break. Some of these features include the conditions needed for a potential long or short entry consisting of a single price bar/candle and the optimum time to place a stop loss.
This article examines several characteristics of the Outside Bar Trading Strategy used during an outside bar momentum break.
Since market conditions are always changing, traders will not only be able to implement a single trading strategy on each daily occasion.
When choosing a Forex broker, it’s critical that you do your research and make sure the broker is reputable, reliable and regulated.
You should always use some kind of hard stop loss order that is entered into your trading platform. When your stop losses are hit, it can feel like a slap in the face.