How to Find Trading Success in Volatile Markets
Successful forex traders have had years of experience in the realm of trading and have spent nearly their entire professional careers learning the ins and outs of gold trading. But for many amateurs and novices, it might not be that easy. While it can seem like a very lucrative endeavour, investing your money in a […]
Why Every Successful Trader Keeps a Trading Journal
Speak with any successful trader, and it is likely that keep some form of trading journal. Whether it is notes kept on an iPhone, a detailed Excel spreadsheet, or a physical handwritten journal, the best traders know that identifying the best trades in the future starts with understanding past trades – including your own. The […]
Determine Your Trading Strategy with 10 Questions
Even though more people are diving headfirst into the world of foreign exchange currency trading (the forex market) because of all the wealth-building opportunities it provides, if you expect to generate significant profits then you absolutely must have a solid trading strategy. The most successful traders who trade gold on the forex market rely on […]
Priming Yourself to Become the Next Big Forex Trader
These days, people are always looking for bigger and better ways to make a profit. With the right strategy, average Joes can turn into multi-millionaires on the forex trading market. If you think you have what it takes to be the next big forex trader, there are many elements you need to learn and master […]
Strategy Guide: Price Action
Price Action Trading (PAT) is a form of technical analysis based on a clean or “naked” price chart, with no indicators or complicated metrics. Price action traders analyse the chart based on the movement of price in the market over a given period of time. Price action trading is founded on the belief that while […]
How to Relieve Stress When You’re a Trader
If you’re a gold forex trader, the best way to relieve stress is to set limits and then stick to them. In other words, since trading forex or any other type of global exchange is definitely a risk, you will need to establish how much you can afford to lose…and then stay within your own […]
Creating a Risk Management Plan
If you’re interested in trading gold or currencies on the global foreign exchange market (forex), you should definitely focus on creating a risk management plan. When you do so, you’ll be protecting yourself right from the very start. It’s never too late to add this element to a trading strategy, so there’s always value in […]
Choosing the Right Strategy for Automated Trading
If you want to work with a forex trader with the best traits, such as logic and foresight, you may be a great candidate for automated trading. A lot of traders these days are opting for automated trading, as it allows them to connect with “trading partners” who do have the right characteristics, including logic […]
How Best to Approach the Market: As a Spectator or Speculator?
Financial markets allow for a variety of different approaches, but some of the most common are to approach as either a spectator or as a speculator. Let’s talk about some of the differences and pros and cons of each approach to the financial market and gold forex trading. Speculators tend to have a need to […]
A Quick Overview of Forex Order Types
There are several main types of forex orders that brokers can complete: market orders, limit orders, take-profit orders, stop-loss orders, and trailing-stop orders. Your personal investment style will dictate which type of order you will want to use in different circumstances. Here’s a quick guide to understanding the differences between types of forex orders. Market […]
