Creating and maintaining a trading checklist is essential for traders to stay disciplined, stick to their trading plan, and build confidence. A trader’s trading checklist can be created from a simple list of pre-trade steps that need to be done before executing any trades. These checklists can help to remove mind clutter and get the…
Category: trading strategies
Swing Trading Definition and Strategies
Swing trading is an approach that capitalizes on short-term price movements to make profits. It differs from day trading, which involves purchasing and selling pairs simultaneously. Swing traders search for pairs with the potential for a large return over an extended period. They use fundamental analysis to understand what factors could cause a pair’s price…
How to Succeed in Day Trading: 7 Super Tips!
If you’re looking for ways to succeed in day trading, there are a few things you can start with. In this post, I’ll show you everything you need to know to be successful in day trading. I’ve summarized everything in seven easy-to-follow steps, a step-by-step guide that will structure you as a day trader. You…
What is an Exponential Moving Average?
What is an Exponential Moving Average? An exponential MA is a kind of moving Average (MA%) which places more importance and weight on recent information points. Essentially, it involves taking the arithmetic average of all previous periods and then adding the new point weighting amount for the current period. The exponential moving average has a…
Day Trading – How to Make Money
A reputable FCA-regulated broker should offer you low fees, fast execution and excellent customer support. The broker should also offer Direct Market Access (DMA), which enables faster order execution. It is also important to make sure you have a high-speed internet connection. To learn more about DMA, read our guide. In addition to the basics…
How to Use Forex Leverage Wisely
Forex Leverage – How to Use it Wisely Forex leverage allows you to trade with much more money than you would normally be able to. This type of trading is more secure than borrowing money from a bank, and you can open positions anytime with very little capital. Leverage services can also prevent you from…
Price Action Trading-Learn More About It!
The primary goal of Price Action Trading is to profit from price changes by generating entry and exit signals. The benefits of this method are many, and they include the reliability of the signals. Unlike many other trading methods, it doesn’t require indicators to provide accurate signals. It is particularly useful for those who aren’t…
What is Forex Robot?
Many traders wonder what is Forex robot. They are interested in automated trading systems, Technical analysis, and self-updating algorithms. In this article, we will discuss these factors and what they mean for traders. These robots are an excellent way to profit from trading without a lot of effort. However, the robots are not as smart…
How to Choose the Best Trading Robot
The profits factor is perhaps the most important statistic you need to consider when choosing a robot. Robots can perform well in certain markets, but not in others. So, how to choose the best trading robot? Hopefully, this article will help you out. Then, read on for more information on Risk-reward ratio, Drawdown recovery indicator,…