Forex traders have today a wealth of information from which to evaluate and select potential trades (some would argue too much information). These markets are moved by two primary forces: Fundamental forces (balance of trade data, money supply, interest rates, economic and financial reports, etc.) and Technical forces.
While many traders advocate fundamental analysis-based trading, it should be argued that this style of trading is very difficult especially for people who have little time to trade (less than an hour a day), or who are new to trading Forex. Read more... (373 words, estimated 1:30 mins reading time)
This is a preview of
Forex Trading: Fundamental versus Technical Analysis
.
Read the full post (373 words, estimated 1:30 mins reading time)
One of the questions I’m often asked is what constitutes a good trading method (or how do I know if a trading method is really worth buying). In this article, I’ll show you what most methods look like (and why they are bad) and show you a simple way to evaluate a trading method.
If you take a close look at most of the so-called Forex trading methods and systems on the market, they consistently share the same shortcomings: Read more... (394 words, estimated 1:35 mins reading time)
- They are incomplete. Too many courses teach hours of ‘in theory’ — but spend little to no time teaching a step-by-step plan to help you trade.
Technical Analysis: In my last articles, I shared that for any Forex trading method to be considered, it must be first, a complete method, (Forex Trading Methods – Finding the right one – part 2 ) and second, it must teach specific risk management rules. Today’s article on how to find the right trading method for Forex trading revolves around Technical Analysis. I believe the best Forex trading methods are based on technical analysis, without being 100% mechanical or automated. Read more... (365 words, estimated 1:28 mins reading time)
This is a preview of
Forex Trading Methods – Finding the right one – part 3
.
Read the full post (365 words, estimated 1:28 mins reading time)
