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 →

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 →

It was a terrible day for the country of Spain on both figure, the sovereign debt and equity. For about 2 percent the stock of benchmark IBEX fell, then more than 10 percent lost for the recapitalized Bankia of Spain, as well as a Spain risk premium against the German that hits a new European Union all time high at 511bp, playing with bail out levels depending on how it is played out in Greece, Ireland and Portugal are all indication.Read More →

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 →