Firas An

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.  […]