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Professional traders use the different style, techniques and trading strategies to trade the forex market. One of the most popular trading strategies in today’s forex market is “Price Action Trading.” Price action trading involves the study of rice price data and finding high probability trade setup in the forex market. Traders use “Bar chart and candlestick Chart” to trade the forex market with price action trading strategy. This technique is very simple which is most based on candlestick formation in the support and resistance level. Price action trading is highly profitable in the longer time frame. Professional traders use the naked chart to read theRead More →

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Trading the forex can be very much intimidating since extensive knowledge and self-discipline is required to make the profit from this high leverage market. “It’s in human nature that they will always love to win and make the profit”. True professional traders who are now successful in Forex trading has developed unique sets of skills which go against the very human nature. They accept losses happily in this market. It is often said that almost 95% of the traders lose money in this industry. So, “Why they are losing?” They are losing because all of them are making the common mistakes in the market. ThreeRead More →

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In Forex trading you have the versatility and flexibility to choose amount of leverage that suits your money management and trading style. Leverage has the ability to increase the size of your earnings or losses by the exact same degree.Read More →

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We are now gaining 50+ pips, as the EUR/USD pair continues to drop, leaving a nice downtrend pattern. The week ends with the major currency pair pricing at 1.2920 – 1.2925, the same opening price zone. The pair bottomed at 1.2905 and bounced back to 1.2950.Read More →

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Boosted by better than expected data release about the unemployment rate in Australia, the Aussie market closed higher. The Australian Bureau of Statistic announced a 15.5 thousand rise of employed people in Australia, the unemployment rate surprisingly dropped to 4.9% for the month of April, March it rose to 5.3% from 5.2% for February.Read More →