There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry.
At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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One of the mistakes that you might make as a new trader is trying to score big in one shot, instead of playing the fundamental part & winning over the longer-term
When traders think of technical analysis charts, they mostly think of candlesticks, bar, and line charts. These are by far the most popular types, and they belong to a group called “time-based charts” because each period is created on a unit of time, for example, a 5-minute chart or 1-day chart.
Understanding the difference between technical & fundamental analysis is the first thing you should focus on when deciding what type of trader you wish to be
Top Forex Brokers
No matter what type of trading system you are trying to build, especially of a technical nature, you simply must be able to identify both support & resistance.
Using a pullback strategy, means jumping into a market that has established a trend, and then has gone against that trend, forming an ebb and flow over time
While the obvious way to measure a strategy’s success is to look at the profits & losses, there are other things to consider when choosing a trading strategy.
Is Forex trading a form of gambling? There are similarities, though in trading there are ways in which traders understand the markets & make educated decisions.
The profit potential in a small amount of time attracts people to trade Forex. Yet, with gains comes the potential for losses that must not be reviewed.
Learn how to trade with the ultimate oscillator, one of the most useful technical indicators for long-term position and divergence traders.
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One of the most common ways to trade the Forex market, is to use a moving average trading strategy. Let’s explore some of the common ways to use moving averages
Many factors figure into the valuation of a currency, one of the vital ones is a country’s interest rates.
A beginner in Forex trading should open a demo account. Such account will not risk any money & will allow testing a broker, testing new trade strategies & more.
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Sign up to get the latest market updates and free signals directly to your inbox.What’s the most common mistake traders make? Undercapitalization, poor analysis & risk management, or a trading strategy? Above all these, is the lack of patience.
How do brokers make their money? This is a fundamental thing to understand before depositing, as you should understand where money flows throughout the system.
Indicators are a tool that technical analysts, traders, & statisticians use in the financial markets to take a statistical approach instead of a subjective approach.