The beginner's guide to FX trading
Some final words of wisdom before you venture out into the challenging world of trading forex.
Making mistakes is part of the learning process when it comes to trading. Here are the most common mistakes that beginner traders make.
The 5 O’s of trading are fatal for traders. Your success depends on avoiding these mistakes. Learn what they are before it’s too late and you end up blowing your account!
Do you want to learn how to make all the money you just deposited in your trading account quickly vanish?
Here are some trading tips every forex trader should keep in mind before trading currencies.
What separates good traders from bad traders?
As awesome as the world of trading is, we can't deny the fact that there are a lot of trading scams out there, so read through this section carefully!
Would you entrust your hard-earned money to a complete stranger? If you answered “yes,” then account managers are for you!
The forex market can be very exciting and a way to build wealth, which unfortunately means it attracts the less desirable sort who will try to take advantage of others. Don’t be a sucka…learn their tricks here!
In the forex world, a “robot” or an “expert adivsor” is a program that strictly uses technical signals to enter in trades automatically. Sometimes the robots work, but usually they don’t!
Ever thought about subscribing to a forex trading signal service? Before you do, make sure you really know what it is all about!
Did you know that certain brokers are actually scammers? Believe it or not, there are some brokers who “cheat” their clients.
If you’re in the US, you’re not alone to fight the battle against forex scams. Read more to see who has your back!
Don’t worry if your broker is not U.S. based. Other countries also have their own regulatory agencies!
Scams are real. Let’s close out this section with the six most frequently asked questions about them!
Binary options are arguably a simpler way to trade than traditional options or currencies.
Before we dive into binary options, it’s important to get a basic understanding of what options are and how they work.
Binary options are arguably a simpler way to trade than traditional options or currencies.
Now, let’s get to the juicy part. How the heck can you make money by trading binary options?
What the heck are Up/Down, Touch/No Touch, and Range Options? They’re all simpler than you think!
Fundamental analysis, technical analysis, and sentiment analysis… These building blocks of analysis can also be used when trading binary options!
Binary options trading is the new kid on the block, gaining the attention of regulators only recently as it is now being offered by many brokers, both old and new to the industry.
What are the main differences between binary options and spot forex?
Get to know yourself first before doing anything else in your FX journey. Give the quizzes a shot and find out more about the budding trader in you.
Each trader is unique, which means each trader needs his own trading style. Are you a scalper, day trader, swing trader, or position trader?
Picking which currency pair to trade is just as important as finding your own trading style. You have to find a currency pair that you are most comfortable trading.
Are you a newbie or a pro? Your level of trading experience will determine whether you should trade live or stick to demo for a while.
Some traders rely heavily on indicators while others merely look at price action for a trade. Which style do you prefer?
Should you go with a trend-following mechanical trading system or a reversal-spotting one? Find out what kind suits your personality better by taking this quiz!
While taking risks is inherent in trading, each trader has his own risk comfort level. Some are completely fine with betting half their balance, while others prefer extremely safe trades.
There are four main kinds of stops. Based on your personality and methods, which one should you use?
"You're finally done with the School of Pipsology. But the truth is, you've barely scratched the surface. There are a lot more things to learn!"
They say all good things come to an end. Now that you’re about to enter the real forex trading world, you have be ready to dive in and wrestle with the biggest sharks.
Time is the best investment you can make as a trader. Every single day should be taken as a learning opportunity.
Meet Arnold. Arnold is from Pipfornia and is a bodybuilder chef who trades. Like many other traders, he has a mechanical system based on breakouts. Arnold even has a special name for it: the Terminator System. He follows his system with rock-solid discipline (which is how he got his abs and bazooka biceps) and with …
Why you shouldn’t always jump in when you see the forex market making sudden moves.
In the beginning, the process of learning forex trading properly and consistent deliberate practice should be your main focus, NOT the profits.
Nobody can perfectly predict the market every single time. So, sorry to burst your bubble but the Holy Grail of trading systems doesn’t exist.
As a new trader, your main goal should be to make good trading decisions and SURVIVING!
Like any other profession or craft, to be truly successful, you must love what you do.
When I thought I couldn't go on, I forced myself to keep going. My success is based on persistence, not luck.Norman Lear