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.

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.

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 […]

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. 1. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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.  […]

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. At the time of […]

Before leaping into the world of Forex trading, it is essential that one learns all the ins and outs of the system. Proper education, done through a reputable trading academy, will pave the way for successful trading while allowing traders to have fun in the process.

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 […]

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?

A day on a market trading floor is filled with ups and downs. Seasoned investors mingle among novice traders in a scramble for the most profitable deal. Whether it is stocks, bonds or currencies, everyone wants to get in on the act.

Over the years I’ve written hundreds of articles addressing nearly every aspect of trading that I use regularly (and sometimes less regularly).  While much of the feedback has been positive, many readers have commented that my articles are a bit too advanced and that more basic information would make them feel more comfortable to start […]

Over the years I’ve written hundreds of articles addressing nearly every aspect of trading that I use regularly (and sometimes less regularly). While much of the feedback has been positive, many readers have commented that my articles are a bit too advanced and that more basic information would make them feel more comfortable to start trading. Since I value your feedback, I’ve written this article to focus on the core issues that every trader should know before getting started.

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 […]

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 […]

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 […]