Forex indicators, one day you swear by them, and the next day you swear at them! Can’t seem to live without them, but you can’t kill them either! How could we trade foreign exchange without technical analysis? Indicators can be fickle friends at times, but it is up to the user to understand what wor

When approaching a field like forex trading where personal decisions translate into profits or losses, having a well-outlined and easy-to-follow plan can make the difference between success and failure. Having a plan to be successful in any field of endeavor is highly recommended, but trading the fo

Selecting a suitable position sizing method can affect your success as a forex trader as much as choosing a direction to trade in the forex market. As a result, experienced foreign exchange traders strongly recommend incorporating a position sizing technique into your trading plan that takes your tr

Most people who approach the forex market as traders want to be a success in terms of making money from the endeavor. This tends to be the primary motivating factor behind people’s decision to become forex traders. It can really help motivate traders to get clear about the goals that they wish to ac

Bollinger Banks Definition – Bollinger Bands are a technical analysis tool invented by John Bollinger in the 1980s. It is a method that combines a moving average with the underlying instrument’s volatility. The bands were designed to gauge whether the prices are high or low on a relative basis. They

Technical traders often compute and plot mathematical quantities based on market observables like price and volume in order to indicate the past or present state of the market. They can often also use certain specific recognizable behaviors of the so-called technical indicators to predict the future

Just about every consistently profitable forex trader uses a trade plan and follows it in a disciplined way. Read more about the importance of a trading plan here. Accordingly, this successful trading mindset represents a key forex trading guide post that you will want to emulate as you grow as a fo

Triple Exponential Moving Average, or TEMA, is a type of exponential moving average developed by Patrick Mulloy in 1994. One of the common problems of trading with EMAs or oscillators has always been the inevitable issue of lag encountered in trading decisions. The TEMA was developed in order to dea

In this brief guide we will try to provide you with a step-by-step plan for analyzing the global economic environment and deciding on which currency to buy or sell. INTRODUCTORY COMMENTS Fundamental Analysis and Technical Analysis (FA and TA) go hand-in-hand in guiding the forex trader to potential

It’s a phrase everyone knows – Keep It Simple Stupid [or Keep It Short and Simple]. However, forex KISS is better known than practiced. Part of this is because of marketing, as well as that ever-present “keep up with Mr. Jones” attitude that pervades forex. THE FOREX SUPERSTAR Here is what happens:

Trading the forex market without safeguards can be like skydiving without a parachute. Anyone serious enough about trading would do well to incorporate money management techniques to their trading plan to protect their portfolio. Nearly all successful traders use a money management strategy along wi