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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Commodities, much like Forex, and other markets, tend to seem like a complicated and highly technical field to the inexperienced trader.
The technique of post-trading Forex news is based on the fact that once the market has made up its mind about the impact of a major news item,
Price action tends to become more stable at these times because the market is anticipating the event.
Top Forex Brokers
As explained in previous articles, if you are patient and simply wait for the initial breakout move to unfold then this course of action may help you avoid fakeouts
When Forex beginners first attempt a breakout strategy, they quite often become quickly demoralized.
There are two very important concepts in Forex Trading that you should strive to fully understand.
One very lucrative and desirable Forex Strategy is to create circumstances whereby you are trading risk-free. This is not an impossible task.
This trading method normally involves using a technical indicator to determine trend reversals.
Are there any real benefits that can be achieved by maintaining a trading log? Yes, there are!
Bonuses & Promotions
In order to be an effective Forex trader, you need to understand how different Forex currency pairs move in relation to each other by studying their correlation.
Forex Correlation is the measured relationship between two currencies over a period of time.
Many experts recommend the use and maintenance of a Trading Diary because it will enhance your ability to trade the Forex Market more successfully.
You are well advised to select a broker who can provide you with first class streaming news, market commentary, real-time charting and live forex rates through a well designed trading station.
This article explains the basics of spreads in the Forex market.
Unfortunately, Forex trading does not contain any easily accessible secrets that will bring you instant success.