What is forex trading? Can forex trading be profitable? How to trade forex? Forex trading tips and tricks… all this and much more is available in this free forex articles educational section. Learn, trade, and profit from forex market with Forex Peace Army.
Trading psychology is a critical aspect of achieving success in the forex market. It deals with the emotional condition of a trader when entering and exiting trades, looking for potential trade opportunities, or carrying out other trading-related tasks.
Forex trading in the U.S. is not the same as in other countries. Although the forex market is decentralized, traders in the U.S. have more restrictions than those in off-shore countries. The forex trading environment in the U.S. is heavily regulated, and brokers have to adhere to strict guidelines.
Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. And, combining the different approaches has been proved to be more beneficial in generating profits.
Forex sentiment refers to the overall feeling the market participants have about the performance of a currency pair. It is a useful way of gauging the feeling or tone of the market and then making appropriate trade decisions.
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Risk Management is the concept of having a plan that sets a maximum amount of risk that you will place on any one trade. How much risk is too much risk is the subject of much debate.
Horizontal lines are mainly used to mark horizontal support and resistance areas on the chart, usually by connecting the price highs (resistance) or price lows (support). On MT4, vertical lines are mainly used to mark the date and time at which a candlestick has appeared.
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making monthly 80% profit by trading Forex for one year without withdrawal ? incredible yearly profit = 115000% !!
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.