When trading any kind of asset, from stocks and shares to currencies and commodities, the emotional temperature of the market is often just as important as more easily measurable qualities like supply and demand. This was the discovery supposedly made by a Japanese rice trader named Munehisa Homma in the 1700s that led to the invention of candlestick charts to show buyer and … [Read more...] about What are candlestick charts and how do they work?
There’s no doubt that pound has continued to trade within a narrow range since the EU referendum vote in June, with Bank of England (BoE) chairman Mark Carney suggesting that increased volatility has caused the GBP to decouple from similarly advanced economy pairs. Make no mistake; it’s incredibly rare for a major currency to undergo such significant fluctuations within a … [Read more...] about New challenges to forex traders post Brexit
When you’re first getting into trading, few decisions are more important than your choice of broker. It can make all the difference to your success or failure as a trader. The tricky thing is, there’s no one size fits all list of best brokers out there. You need to find the one that’s right for you, and that means being clear about your aims from the start. It also means … [Read more...] about Choosing the right financial broker
This is one of the most important questions in the Forex trading industry. We all know that Forex market is extremely volatile in nature. No matter what you do, you will always have to deal with losing trades. In fact, all the successful traders in the United Kingdom often face consecutive losing trades. But there is nothing wrong to embrace the losing trades. As long as you … [Read more...] about What to do after losing a few trades
We all know, the majority of the traders are losing money. But this doesn’t mean that none of them are profitable. If you look at the professional trading community in the United Kingdom then you will find many successful traders living their life based on trading. So why they are successful? Do they work really hard? If it was all about labor, 95% of the traders would have … [Read more...] about The 3 essentials for successfully trading the Forex market