As a Forex trader, you’re the boss, all the control is at your fingertips. With this kind of power you can crash the plane or fly safely above the clouds. Unfortunately, the thought process of most traders will lead to the plane crash. Silly, obvious mistakes knock Forex traders out of the trading game, sometimes […]
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The stakes are as high as the tension in the room. Luck? Baby, it’s not about luck. It’s all about controlling your emotions. It’s about managing risk. It’s about turning a profit. Can you guess what I’m talking about based on the description: Forex trading or professional poker playing? Actually, it’s an apt description of […]
Learning to trade forex is like re-training for a new career, because simply put, you are taking on a new profession. Yet so many traders starting out for the first time tend to approach it like learning blackjack at the casino tables. Some traders are approaching the markets with the right attitude but just expect […]
You’re Paranoid I like to say unpopular things. Usually, I try to make them true, and I do my best to support my opinions/statements with proof (evidence-based approach). Why do I do this? I guess it’s because I’m a contrarian at heart; going against the crowd has, as a general rule, been a positive for […]
Many people have a very distorted concept of trading the Forex market, particularly the new guys on the scene (who in all fairness don’t know any better). But there are even experienced traders still being continuously burned by these expectations and demands they of the market. Generally speaking, most people have generic ‘expectations’ of what […]
A particular line of phrasing that I’ve seen thrown around time and again amongst groups of currency traders is, “Country X’s debt is SO high, their currency is going to go for a dive”. I’ve always found this particular line of reasoning to be incredibly plebeian at best, and hazardous to a trader’s account balance […]
Forex trading systems come in a variety of complexities, you get those on one end of the scale which are built on heavy mathematical engines, while others are more simplified in nature. Our stance at ‘The Forex Guy’ is, “simple is the better approach” in the markets. There is no better way to approach the […]
The popularity of high frequency trading systems which litter the internet is not only a great example of mass hysteria being plain wrong. But it is also a great potential opportunity for smart traders who understand the conditions created by the trading of the masses. Any internet search including the word forex will immediately tell you […]
Whether you’re religious or not, for a moment just think of Forex trading like Sunday church. You show up in your best clothes and best intentions. You smile and listen to the message, maybe even take some notes. You might sing a couple songs and learn some new tricks, and you go home feeling invigorated, […]
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- Graham Blackmore said You need to use a broker who has New York close ca...
- alec said i placed your sugestion scenario on audchf, but my...
- Gareth Carter said Great article. I would also recommend that traders...