Forex Day Trading System - Another popular trading system

Forex Day Trading System - Trade using pivot pointsBefore the trading is done, it is important that you know about pivot points. A pivot point is a point of support or resistance. Its a kind of mutually agreed point between traders.In a forex day trading system, the pivot point is calculated using the previous day's high, low and closing value. Generally traders use the pivots in association

Forex Day Trading System - Answering a question

Forex Day Trading System - How much does a pip corresponds to!!??One of a visitor has asked me what is a pip and how much money does it mean. So Lets focus on that to learn forex trading onlineA pip is the last decimal place of a forex quote. The pip, is how a profit or loss is measured. For example if EUR/USD = 1.2506, it means that 1 EUR = 1.2506$. As each currency has its own value, it is

Forex Day Trading System - Important points to be kept in mind when trading

Forex day Trading System - Focus on these points and learn forex trading online Forex day trading rules often revolve around techniques, technical indicators, and equity management. All these are of course important.As it is said that without proper equity management new traders take a lot of risk as compared to they can afford.Generally it is recommended that one should not risk more than 2% of

Forex Day Trading System - Do you trade NFP (Non Farm Payroll)

Forex Day Trading System - Do you trade NFP (Non Farm Payroll)Quite a few traders trade Non Farm Payroll which is a very volatile fundamental announcement. As you know this news moves the forex market at least 100-150 pips in just a minute on most of the USD based currency pairs (Except AUD/USD and NZD/USD).So, most of the trades place the trades on both the sides of the overall forex currency