Many of you have asked to create a reading list of forex books that can help you become a more profitable trader. I figured this would be a great time to do just that by compiling a list of three forex trading books I own, have read, and have thoroughly enjoyed. Of the many books [...] Read more »
How to Start Forex Trading (The Right Way)
If you’re like most forex traders, you’re ready to start forex trading. At least, you think you are. The hardest part about trading forex is making the move. • When can you justify turning on a live account? • How can you start trading for real money? • How many trades prove the worthiness of [...] Read more »
Forex VPS Hosting
Forex VPS hosting is of the newest product offerings available to forex traders. A forex VPS, or virtual private server, is a hosting option with which traders can use to trade automated strategies on a server. Why buy a Forex VPS? Forex VPS hosting is a product designed mostly for automated trading strategies and high-volume, [...] Read more »
Awesome Oscillator
The Awesome Oscillator shows the distance between the 5SMA and 34 SMA. As oscillators are primarily interested in market momentum, the spread between these two moving averages over time tells us when to expect changes in momentum, and ultimately price. Bill Williams is the man behind the Awesome Oscillator–just one of his many contributions to [...] Read more »
Forex Charting Software
Forex traders use a variety of tools, including forex charting software, to identify possible forex trades. Popular forex charting software packages include TradeStation and MetaTrader 4, which are also used to place trades on the market. Using Charting Software The goal with any forex charting software is to find entry and exit positions—areas where the [...] Read more »
Forex Day Trading
Day trading requires a unique skillset, one which allows a trader to beat the odds and be a successful trading. Forex day trading is a simple concept—day trading means a trader opens and closes forex positions within the same day—but it’s a very difficult technique to master. Forex Day Trading Profitability Day traders flock to [...] Read more »
Forex CFDs Explained
Forex CFDs, better known by their full name, Contracts for Difference, are a unique type of financial derivative instrument. Trading contracts for difference is much like trading a forex option, or placing a trade direct with another party. We’ll show you how CFDs work, their inherent risk, and why so many people trade forex CFDs [...] Read more »
Spot Forex Trading
Traders who use an online forex broker are engaged in spot forex trading. The word spot is important here as it differentiates a trading type from another. There are two different ways to trade forex; futures and spot. The two are best understood when compared against one another: Futures forex trading – The futures markets [...] Read more »
