Category: All About Forex

A hidden string ties together currencies and crude oil, with price actions in one venue forcing a sympathetic or opposing reaction in the other. This correlation persists for many reasons, including resource distribution, balance of trade (BOT) and market psychology. And crude’s significant contribution to inflation and deflation intensifies these interrelationships during strongly trending periods, both higher and lower. In […]

The Psychology of Forex Trading I have been a trader long enough to know a thing or two about how most people think while trading the market. You see, most people experience similar thinking patterns and emotions as they trade the markets, and we can learn many important things from the differences in the way losing traders think and the […]

How to Make a Forex Trading Plan Having a Forex trading plan is one of the key elements to becoming a successful Forex trader. Many traders never even make a trading plan, let alone use one regularly. It’s very important that you do both; make a trading plan and use the one you make…don’t just make one and then never […]

Technical analysis is the study of price movement on a chart. Whether you are looking at a Forex currency pair like EUR/USD, a commodity such as gold, or a stock index, technical analysis—often shortened to T.A.—gives traders a structured framework for interpreting how a market has behaved and, more importantly, how it may behave next. After years of trading and […]

Common Forex trading mistakes and traps There are common mistakes and ‘traps’ that give nearly all traders trouble at some point in their trading careers. So, let’s cover the most common mistakes that traders make which keep them from making money in the markets: • Analysis-paralysis There is a virtually unlimited amount of Forex news variables that can distract a […]