Forex Strategies Articles

Forex trading is not only about finding good trading strategies, it’s also about how to manage yourself when trading. In this section, you will learn how to apply discipline to your daily market-oriented routine. The listed articles provide a wealth of information on topics from risk management to developing the proper trading psychology. Mastering the concepts put forth in these forex strategies articles will help you identify the most suitable forex strategies for your trading personality. After your strategic framework is built, you will have the edge you need to be a successful forex trader.

Creating a Trading Plan – Part 1

It is common knowledge that new Forex trader's fail 80% of the time. This is because many beginners start trading without a clear plan. A premeditated plan is crucial when you trade. Trading without a plan is like going to war without an attack and a defense plan. Before you go into a battle you assess your capability, your strengths, and your weak ... Full Article

Forex Trading Strategy 2016 – Another Great Forex Year

At the beginning of 2016, the FED had just begun a tightening cycle after increasing the interest rates in 2015. The FOMC statement and Yellen's speech implied several rate hikes for 2016, although the global economic conditions were not ideal, while the US economy was going through a harsh winter period. In Europe on the other hand, the ECB had ... Full Article

How to Protect Your Account (and Avoid Gambling Forex)

We all know that the first and most basic rule to make it in the long run in the forex world is to protect your account. Most forex traders have lost one or more accounts after first starting the job. Rendering your account inoperable with low funds is a big scare, particularly for fresh traders. But, that´s the risk we are willing to take in ... Full Article

How to Trade Forex in a New Environment

One of the first rules you learn when you start trading forex is that you should minimize your losses as much as possible to protect your capital. According to many forex textbooks, in order to do this, you must set tighter stop losses so when a trade goes bad your loss is minimal. This is a good strategy for many occasions, but the forex market is ... Full Article

Keeping a Trading Journal

Why do you need a trading journal? A trading journal enables you to look back at your trading history and see what you did wrong and what you did right, highlighting the trading mistakes. By keeping a journal, you can see if you have a tendency to enter or exit trades too early or too late, if you overtrade, if your position sizes are too big etc. ... Full Article

Planning Your Trading Strategy For April

Last month, we published an article where we looked at the seasonal factors and patterns that impacted several currencies in March. We reviewed all previous petrol prices from March months in previous years, and the comparison to March 2016 was similar. We also took a look at USD/JPY and discussed the decline of the Japanese Yen in March 2016 again ... Full Article

Risk (Money) Management Part 1 – Common Sense Tactics

StrWhen you decide to trade in the financial markets, the one thing you should never forget is that there is always the risk of losing some or all of your funds. But fortunately for traders, one of the few aspects of trading which we can control is the risks. We can´t move the market, we don´t have insight on the intentions of the central bank, we ... Full Article

Risk (Money) Management – Part 2 Developed Techniques

Previously, we published the first part of the risk management series. There we explained some of the common sense risk management techniques, such as trade exposure, risk/reward ratio, keeping up-to-date with the market news, managing leverage and the trading journal. In this part, we will explain the techniques that have been developed by tr ... Full Article

Trader Personality Part 1: Discovering your Trading Personality

When you enter the business of forex trading, you should identify the aspects that characterize you as a trader. Many new traders try to mimic the Wall Street stereotypes they have seen in the movies, but that´s the biggest mistake that can be made. New forex traders overtrade and are overleveraged because they want to reach their first million as ... Full Article

Trader Personality – Part 2

In the first part of this series, we explained the two extremes of trader personality. In part two we will discuss the trading strategies that fit each type of trader personality. When people start trading forex, they learn how the market works and what makes it oscillate. After trading for some time, traders develop their trading skills and become ... Full Article

Trader Psychology – Applying Your Strategy

In the past, we have published part 1 and part 2 of trader psychology. The first article was about identifying what type of trader you may be. We wrote that you might want to take a personality test to see where you stand in the continuum from impulsive to conservative. In the other article, we presented the readers with some forex trading strategi ... Full Article