Forex Trading Education - Winning Big Many Forex traders lose so often in their trades that they can't wait to close their trading positions the moment they turn profitable. It's very tempting to want to immediately secure the profits of a winning position, even before your profit target is reached. Unfortunately, trading this way will often get you into trouble. You may be able to secure a small winning trade now, but it's not...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Trading Education - Thinking Before The Trade There are many reasons why more than 90% of all Forex traders wipe out their trading accounts within the first three months of live trading. However, one of the biggest reasons is because they do their thinking AFTER a trade has been placed. When a trade goes bad, poor traders will start thinking about what to do to salvage the situation: "Should I just cut my losses now? Or should I remove my...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Training - What Is Stop-loss Hunting? Many retail Forex traders are concerned about stop-loss hunting because they are virtually powerless as individuals to defend themselves the powerful "hunters". In this short article, I'll explain to you what stop-loss hunting is, and how you can avoid being prey to it.What Is Stop-Loss Hunting?Basically, stop-loss hunting is a trading strategy that tries to force retail traders (like you...... Similar Editorial : Forex Training Course by Star Smith. | Source : Forex Trading Charts
Forex Trading Education - How Stop-loss Hunting Occurs Stop-loss hunting is essentially the act of a powerful (i.e. wealthy) financial institution that temporarily causes the market price to hit your stop-loss order and causing you to exit the market at a loss. In this short article, I will discuss the typical market conditions that encourage stop-loss hunting, and how to avoid it.How Does It Happen?For stop-loss hunting to occur, the financial...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Custom Forex Indicators - Beware! Most Forex trading systems today use at least one custom technical indicator to determine its buying or selling criteria, and people flock to purchase these systems without carefully thinking about what those indicators really mean.Here's an example of what a typical trading system will tell you: "Buy when moving average X crosses moving average Y from below".Typical trading systems...... Similar Editorial : Forex Trading Indicators by angelheld. | Source : Forex Trading Charts
Forex Traders - Why Traders Lose Money Many people claim to be trading to make money. But the more I talk to them, the more I'm convinced that's not true. It's not that they're intentionally lying... it's just that they don't truly understand their motivations for trading. Their intentions and actions don't reflect the same thing. The thing is... many people in this world are bored with their lives. For many years they...... Similar Editorial : Forex Traders by Harold Hsu. | Source : Forex Trading Charts
Forex Trading Education - The Key To Becoming A Winning Trader Many traders only look at how to make money in Forex trading, and don't pay enough attention on how to avoid losing money. As you might guess by now, the real key to becoming a profitable trader is damage control. Unfortunately, many people don't like to hear about this truth because it's not sexy or exciting. They think Forex trading is like gambling; fortunes can be made and lost in a...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Trading Education - Should You Use A Trailing Stop Loss? There's a gross misunderstanding about trailing stop losses that cause many amateur traders to misuse it... resulting in them losing money unnecessarily without even knowing why!Trailing stop losses are often used by amateur traders because they believe it maximizes profits and reduces losses. While this may be possible in theory, in practice this is rarely the case. Allow me to elaborate a...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Trading Education - What Is A Carry Trade? You've read about it in the newspapers, and you see it in almost every financial trading magazine... but what exactly is a carry trade? And why is it so popular?Before I go into what happens in carry trades, allow me to briefly share with you why "carry trade" is an important concept to understand... Throughout most of 2006 and 2007, carry trades have played a major role in influencing the...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Trading Education - What Is A Trailing Stop Loss? Trailing stop losses are a very popular topic among new traders. It seems like trailing stop losses have the best of both worlds: you can protect yourself from losing too much, and also lock in more and more profits at the same time.What Is A Trailing Stop Loss?Basically, a trailing stop loss involves the moving of your stop loss level as your trade progresses in your favour. For example, when you...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Forex Trading Charts
Forex Traders - Being Realistic I think many new traders doom themselves to failure even before they open up their trading charts. They buy into all the marketing hype that's been fed to them, and they think they can easily get something for nothing. I hope you realize that trading, like almost everything else in life requires substantial time and effort before you can enjoy the benefits. If you have money to spend on training...... Similar Editorial : Why Forex Traders Fail by Joerg Hausmann. | Source : Financial Software Forex Trading
Forex Traders - Not What You Think Whenever I tell people I trade currencies, they would widen their eyes and go, "Wow, so you're a trader, huh! You must make at lot of money!" They look at me as though I possessed some rare talent that enabled me to become a profitable trader.A vast majority of the uninformed public thinks that successful traders are a different breed of person. They seem to view traders as high risk-takers...... Similar Editorial : Why Forex Traders Fail by Joerg Hausmann. | Source : Financial Software Forex Trading
Forex Trading Education - Dont Focus On Making Money It's a common thing to see new traders obsess over finding the "latest" and "best" way to trade Forex. While this may seem like the logical thing to do (after all, we're trading to make money right?), the true secret to making money in Forex trading has got almost nothing to do with that at all."Wait a minute... are you saying that to make money, we shouldn't focus on making money?...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Financial Software Forex Trading
Forex Trading Education - 3 Major Fundamental Indicators Fundamental indicators are basically news announcements that involve the sensitive economic data of a country. Forex traders take a very keen interest to these announcements because the currency markets typically react significantly to them. In this article, I will briefly cover the 3 major indicators that affect the currency markets the most.Indicator #1: Federal Open Market Committee (FOMC)...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Financial Software Forex Trading
Forex Trading Education - Fundamentals Or Technicals? What Is Fundamental Analysis?Fundamental analysis in Forex trading refers to the study of the underlying elements that influence the economy of a particular country. It is a study that attempts to predict price action and market trends by analyzing economic indicators, government policies and societal factors (just to name a few).What Is Technical Analysis?Technical analysis refers to the...... Similar Editorial : Forex Trading Education by Harold Hsu. | Source : Financial Software Forex Trading
