Philosophical FX Mistakes

Trading the Forex market can be tricky at times. We all see this massive flow of money moving between central banks and all we want is to cast our little net into this river of money for some pips. As a technical trader these are the coomon traps I fell into while developing my trading plan.Don’t Analyze the News for Future Price Action!Fundamentals matter, but as a technical trader we are aware...

Joys of Compounding

Hello Forex Nation!!Here is a simple tip. Trade in at least 2 forex accounts. I have a compounding account where I have a dialy pip goal of only 15. I also have what I call my true currency trading account. Here are the differences.Compounding Account15 pip daily goalIntraday trading only5% maximum riskWhen daily pip goal is reached I close all trades and trade stationI rarely withdraw from this account...

Embrace Your Flaws

Hi Forex Nation!!I have returned! Sometimes you need a vacation from your vacation, if you know what I mean! While I was enjoying beautiful Southern Califoria I had time to reflect on my trading. I had some good points and some ... well, let's just say some not so good points. Instead of getting down about what I felt were flaws in my trading game I thought I would list them out and embrace them.I...

Learn Forex Trading - Technical Analysis using MACD Indicator

Learn Forex Trading - MACD indicatorMoving Average Convergance and Divergance (MACD) is one of the widely used indicators in forex trading community. The indicator is calculated on the basis of moving averages. We'll definitely go through Moving Averages tomorrow. Currently please just remember that MACD is based on moving averages.MACD is calculated by subtracting longer moving average from...

Learn Online Forex Trading - What is the market saying??

Learn Online Forex Trading - Welcome to the new week. What is the market saying this week? Last week on Friday the the USD went weak..Significantly weak. Why?? Because the "Non Firm Payrolls" results were not strong. Remember guys and gals, I told you that in forex trading market, the market moves because of 2 broad reasons ?? One is Technical and the other is fundamental. Of the two the most...