Forex Education
3 Crucial Mistakes New Forex Traders Make
Want to know 3 crucial mistakes new forex traders make? Check out this list so you don’t become a victim of the mistakes that are made far too often by new forex traders.
Commonly Used Support and Resistance Areas
Below I have outlined the most Commonly Used Support and Resistance Areas that forex traders use for technical analysis. In technical analysis, the forex trader attempts to understand the market by how price moves, as well as using some indicators. Support and resistance make up the most core and meaningful portion of technical analysis, and below the four most commonly used areas.
Four Vital Terms for New Forex Traders
When you are new to forex trading, it can seem like a completely different language. The terms used are probably not familiar if you have not been in that realm before. Below, are Four Vital Terms for New Forex Traders to know. It not only serves to understand the forex market itself, but will help you understand training and teaching you might be receiving as well.
New Trader Basics: Forex Order Types
When starting your journey in trading, knowing what each order type means and how it affects you is one of the most vital knowledge you will have to have. Below I discuss the most commonly used and important forex order types used in trading. By making sure you are placing the RIGHT order based on what you want to achieve in the trade, will prevent many of the mistake-based losses that come from incorrect order placement
Forex Trader Basics: Understanding Spread
Spread is by far one of the most common costs associated with forex trading, and it is a vital concept to understand. As a new forex trader, spread is something that will impact your trading a great deal and it is very important to know where it comes from and how it affects your trading.
What Is The Best Forex Trading System?
What Is The Best Forex Trading System? That, my friends, is the "million dollar question" - right? Virtually every single trader that starts their voyage into this business asks this question. At some point very early on in the path, they realise three very important...
The Truth About Forex Training
When it comes down to it, there are many different avenues one can take to get proper forex training. This ranges from working for a big firm that trades to just opening an account and trying your luck (and the operative word there is “luck”). In the end though, my experience has been that the fastest and best way to get forex training is to use a reputable, honest online educational service and lots of hard work and dedication to the education itself.
How to Reduce Spread in Forex Trading
As you know, spread is one of the most common forms of trading cost to any forex trader. However, spread can have a lot of variables that impact how much spread trader will be paying for any given trade. Below are some methods to ensure you are getting the lowest spread and in real terms paying the lowest trading costs.
Understanding Slippage In Forex
In forex trading, you might hear the term “slippage” or experience it when you start trading and not understand what it is. Slippage can have a BIG impact on how profitable you trade and can be vital to understand, both in terms of you, your broker, and the market. Below, I briefly discuss the issue of slippage in forex trading.
Live Forex Training Session
Live Forex Training Session with forex mentors Marc Walton, Pierre du Plessis & Judith Waker from Forex mentorpro. Every week members get a chance to talk with real life, professional traders- you can test drive the service for just a $1
How to Trade Areas of Interest
Forex mentor & full-time trader, Pierre du Plessis shows how to trade areas of interest. Trading forex is not an exact science and new traders need to learn how to make these decisions for themselves. However its not overly complicated and Pierre shows you how…….
Forex Mentorpro Live Training Session
Forex Mentorpro Live Training Session: As part of your $1 trial and or monthly membership you also have access to full time traders and mentors in our weekly Forex Mentorpro Live Training Session
Fibonacci for forex traders
A brief history of Fibonacci numbers and how to use them to trade forex, stocks and virtually any market. How can a 14th century mathematicians sequence have any relevance in the modern world?
You dont need to walk forex alone…
Good morning everyone Hope you are all well and healthy this stunning morning Last week we had some big drops on the JPY pairs so surely there must be corrections on the way - back to our preferred Earth and Sky zones where I will re look to short - trading with the...
The Life of a Pro Trader
The life of a pro trader can be a bumpy ride. Many traders even find themselves reaching a stage of boredom in their trading journeys - myself included. Before Forex, I had never stuck at anything work-related for more than five years. The life of a pro trader: My...