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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I wrote an article explaining about how an account of $10,000 could be grown into $1 million in the course of a few years of Forex trading. Many readers found it hard to believe that this could be a realistic target.
Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right, and which works better?
Many traders use moving averages as support and resistance indicators, or focus on whether a candlestick has closed above or below a particular moving average.
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There might be ways you can get a better picture of where the buying and selling is taking place beyond what you already know.
Sometimes you have the perfect setup for your strategy and the market literally moves in exactly the opposite direction. This is called “Pattern Failure”.
Some traders prefer to use breakout points to signal their trend entries, others prefer to use indicators which just show strong directional momentum. Who is right?
If you are going to use indicators, then the best Forex indicator is the RSI (Relative Strength Indicator) because it reflects momentum.
Day trading is very challenging, both technically and emotionally. Get the tips and guidelines to be successful to Day Trading Forex.
One of the most common and expensive mistakes made by traders is moving the stop loss on a trade to break even too quickly.
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We are going to explain what you need to consider in making a plan to turn an initial deposit of $10,000 into $1 million, and how to give yourself the best chance of achieving this goal.
Get the latest Forex education article about Pin Bar trading here.
Most people think of a trading strategy as a set of rules to define when to enter and exit the market. But that’s not enough—a complete strategy must also include a method to manage the risk to the account, which the trading community calls “money management.”
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Sign up to get the latest market updates and free signals directly to your inbox.Most traders would probably agree with the proposition that the hardest thing to get right in Forex trading is the placement of stop losses and take profit levels. A great deal of trading education and material that is shared with learning traders focuses on finding the right places to enter trades.
Learn about swing trading, whether it is a suitable trading style for you, and the best swing trading strategies to use to become a successful Forex swing trader.
This is a guide to “CFD trading for beginners”. In this article, you will learn which financial instruments are available to trade in the CFD market. We will show you why you should consider CFDs as part of your trading strategy by examining their advantages. When you are ready to start trading CFDs, check out our list of the best CFD brokers.