Forex Trading Articles
Trading Forex is a dynamic activity, one that is constantly evolving with emerging market trends, breaking news and each trader’s individual perspective and viewpoint. At FX Academy, we not only recognize the changing nature of the market, we celebrate it by offering a range of Forex articles that touch upon today’s most relevant topics. All FX Academy members can select the entries that relate directly to them and in contrast to live Forex courses, our Forex commentaries are available 24/7 so they can be enjoyed by our students at all times.
If you can’t find the information you’re looking for in the list of Forex articles below, Register for the FX Academy to enjoy our full list of Forex courses and videos.
In this piece, we are going to walk through a simple reversal scalping setup that you can use to scalp in-and-out of the market for 10 pips a piece, or more if you want to let the trade run. To help catch a reversal, we are going to use the Relative Strength Index, or RSI, indicator. This indicator is known as a “momentum oscillator” meaning that it measures the speed and change of price movements. The RSI has absolute values that oscillate between zero and 100.Read More ›
One of the useful courses in the FXAcademy– Forex Fundamental Analysis - teaches traders how to use fundamental analysis of currencies to achieve more profitable Forex trading. In this article, I will conduct a “live” fundamental analysis of two of the four major global currencies which are most traded by volume (USD, EUR, JPY and GBP), showing how it is done, and how to interpret the analysis. The data I’ve used is from the six-month period from March to September 2018, so you can see going forward how useful the resulting forecast really was.Read More ›
I heartily agree with the sentiment that trading psychology is the bedrock for profitable and consistent trading. One of the reigning authorities in this field, Mark Douglas, who wrote the industry classics “The Disciplined Trader” and “Trading in the Zone”, states: “The first step on the road is to understand and completely accept the psychological realities of trading.” The first step. In other words, the psychology part comes before anything else.Read More ›
One of the most important things that a trader can achieve is consistency. While consistency and returns are both good measuring sticks for a solid trading routine, the reality is that achieving consistency is more than simply racking up a certain number of wins or losses - it is having a trading routine that you follow like a machine.Read More ›
Most Forex brokers offer traders the option to trade precious metals in the CFD markets as well, and if you are not taking advantage of this, you are missing out. Precious metals are available as CFDs through Forex brokers, CFD brokers, futures markets, and various options markets. Most people stick to silver and gold, but there are also markets for platinum and palladium globally that can be traded as well. Here are some tips to get you started trading precious metals.Read More ›
The recent rapid growth of the Forex market, like anything, has pros and cons. There are more and more resources for Forex learning and trading practice. There are more Forex brokers and services. There are also many professional traders that have developed Forex trading robots (also called auto traders) that can help traders set their trades – and nearly forget them. But Forex auto traders aren’t foolproof systems – like all trading tools, they can be risky, and traders should monitor their auto trading systems regularly and make sure that their trade directives are in place to avoid any wild, unexpected swings that could go against the algorithm.Read More ›
Forex trading is a great way to make money, but it is not an easy one. Profitable trading requires patience, planning and practice. There are some basic hacks that can help you find your footing in the market a bit more quickly and firmly, and we’ll list them below to help you get started.Read More ›
With the advent of mobile trading and the increasing popularity of tablets and smartphones, Forex trading has become less rigid and more flexible, at least in the way trades can be implemented. The advantage of these advances is that traders should no longer miss critical entry or exit triggers simply because they’ve stepped away from their desks. The disadvantage, however, is that trading from anywhere erodes the discipline that comes with sitting at your desktop and monitoring the markets. If you’re looking to improve upon your trading results, it may be a good idea to adjust your lifestyle and your trading routine before you adjust your trading strategy. It could be that a few small changes will bring big results to your Forex trading. Here a few suggestions that will improve not only your trading, but your entire life.Read More ›
If you’ve taken any classes at the FX Academy already, you probably know that most of our strategies are focused around technical charts and hard, historical data. What you may not have realized is that the reason we focus so much on the technical is that oftentimes trading the news or relying too much on fundamentals can be extremely dangerous for your account.
While it seems significantly easier to try to understand the rationale of market movements based on political or economic events, but unfortunately, the market fails to move as expected more often than not when relying on these factors, as compared to the results rate of trading based on technical analysis.Read More ›
There’s no question that the end goal of trading (any type of trading) is to profit as much as possible. But most people don’t really stop to think about how to best reach this goal before jumping in. They don’t really consider whether currency trading or stock trading will best reach their financial goals. In fact, most people just randomly choose one of these paths and then get started. However, by taking a good look at your long-term goals and your personal investment style, you may find that there are better opportunities out there than the one(s) you’ve chosen thus far. For this reason, there’s never been a better time to take a hard look at your current strategy and to make any necessary adjustments to boost your profitability.Read More ›
Before we can intelligently address the issue of whether or not Forex trading is halal or haram we must preface this article with the following message: Although we have researched the issue of Islamic Forex at length, we do not intend this article to replace the opinion of your local or long-term spiritual leader. If you are interested in doing further research on the issues touched upon within this article, we suggest that you take a look at our list of top Islamic brokers and then reach out to the broker (or brokers) directly to determine how they handle the issue of Islamic Forex, and whether their approach meets your spiritual and financial needs. This article is, in no way or form, intended to serve as a religious ruling.Read More ›
It’s no secret that good habits are important for most aspects of life. Those with good dental hygiene habits have fewer cavities. People with steady exercise or healthy food habits tend to suffer from fewer illnesses. The same is true when it comes to Forex trading: traders with good trading habits will tend to have longer, more profitable trading careers.Read More ›
Everyone has favorites in life. A favorite color, a favorite animal, favorite foods, favorite sports and even favorite athletes. But when it comes to trading Forex, many traders are hesitant to commit to a favorite currency pair, focusing instead of a few preferred pairs without really taking the plunge or committing themselves to one specific pair. The psychology behind this fear of commitment is complicated and closely related to the concept of Forex trading psychology in general, specifically the idea that you don’t want to miss out on profits by overlooking less-favored currency pairs. However, it can be argued that there are distinct, measurable benefits of choosing a favorite Forex pair and focusing on this pair with extra care and attention.Read More ›
With approximately $5.3 billion traded daily, the Forex market is one of the most liquid markets in the world. This is great news for anyone interested in profiting from currency fluctuations – but with so many different brokerage options, it’s important to think about your account security before putting your capital at risk.Read More ›
“I never lose.” Losses are an unavoidable part of all financial trading, and anyone who says otherwise may be over-exaggerating.Read More ›
Besides the weather, the one topic everyone talks about these days is the market. How is the market doing today? Is it up or down? Should I buy or sell? Which stock is hot? Which is not? When the New York Stock Exchange (NYSE) had to close its doors for two days in 2012 due to Hurricane Sandy, many people didn’t know what to do with themselves. What did they find to talk about during these 48 hou…Read More ›
At some point in time, an ordinary guy will wake up in the morning and think to himself, “Hey, my money is sitting in the bank and making nothing. Enough of this. I need some higher returns. It is time to start investing.” Other individuals may be blessed with a monetary inheritance and won’t have a clue how to invest it. Though many people think so, investing is a not a simple endeavor and the wrong move can lead to tremendous losses. For that reason, someone just wetting his feet in the financial markets should understand at least the very basics about investing before making his first trade.Read More ›
When it comes to making money, every investor has his own unique trading strategy. Or so they say. But when push comes to shove, many investors make decisions partially on research, and partially based on gut feelings. Is this advisable? And better yet, is it avoidable?Read More ›
The term “price action strategy” is a broad term used to describe trading strategies. You can think of it as a category, just as you would a fundamental trading strategy, an indicator based trading strategy, or even a high-frequency trading strategy. In this case, the trading strategy focus remains on the one driving force of markets: price.Read More ›
Years ago, everything you needed to know was taught in the classroom, and once you finished your schooling, there was little need for any further education. As the ability to share knowledge has evolved, however, the need to continue for continuing education has increased exponentially. Attending regular seminars is an excellent way to remain in-the-know, especially in the Forex world.Read More ›
No one wants to be left out of today’s investment markets. Everyone is eager to stretch his dollars beyond the measly interest offered by commercial banking institutions. Why settle for 2% (at best) when it is possible to make 8% or 9% or even more, and do so from the comfort of home? Online trading sounds simple and easy. Marketing gurus worldwide invite thousands of eager traders to open online accounts wherever they are and invest their money with the simple click of the tab.Read More ›
With all the talk these days about investing, and with everyone eager to ‘beat’ the market, an average trader gets so caught up in the minutia of the process that he gets carried away. This is when mistakes happen- some of them irreversible. By trading blindly, a successful investor can lose his shirt overnight and he won’t know what hit him. People are so involved in making a big hit, they lose sight of reality and find themselves plummeting into a deep hole from which they can’t emerge.
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At what age should someone be allowed to trade on the financial markets? Legally, a person in the United States has to be over 18 to open an account with a brokerage house. But there are many younger investors who place their trades through their parents’ accounts. In fact, a savvy adolescent may have more aptitude for stock picking than his brother who is 5 years his senior. If you think about it, reaching one’s ‘legal age’ before trading is really quite arbitrary.Read More ›
Remember years ago when there was a craze where books were popping up for every sort of ‘dummy?’ Windows for dummies, English for dummies, housekeeping for dummies. Once someone was willing to admit he was a ‘dummy’, the world of instructional material was opened wide in front of him. All these ‘how to’ publications made loads of money for their editors but they also provided enough basic information to train many people to be well-versed in whatever it was they were studying.Read More ›
How does one go about learning to invest? A more important question would be: is anyone even interested in learning about investing these days? Investing in the markets has always been somewhat of a gamble but of late it has taken on the aura of a Las Vegas roulette table. In many cases, no rhyme or reason is called into play. Just plunk the money down on the asset that sounds the best. Anyone can select an asset and hope there’s a 50-50 chance that it will make money. But professional investors don’t do it that way. They don’t leave their money to chance.Read More ›