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This section holds our Forex Educational library: Our trading library consists of a collection of the most excellent educational articles written by our top market experts. It is primarily focused on those subscribers who aim at initiating or consolidating a professional trading career; that is, for people who take trading seriously. It is our mission to continually enrich our library over time, as well to cover all sorts of useful topics, from foundational to the most advanced ones. We have separate sections for Advanced Forex Education, beginners Forex Education, A daily Forex Topic and a Complete Forex Course.

Do You Really Need VPS Service to Trade Forex?

VPS (Virtual Private Server) offers multiple uses for businesses or any user that needs to access their accounts remotely. In the world of Forex...

Losing Trades: What They Have to Teach You

You have probably heard it before, a losing trade is the best teacher, but what does this actually mean and who does it apply...

What Is the Best Strategy for Forex Trading in 2021?

2020 is over and we must prepare our best Forex strategy to start the year 2021 in the best possible way. Undoubtedly, to define...

EUR/NZD Global Macro Analysis – Part 3

EUR/NZD Exogenous Analysis

The Correct Way to Set Objectives in Forex

Every time I have read in the various forums dedicated to foreign exchange markets to Forex traders describing their trading methods, it has reached...

Four Ways to Boost your Confidence while Trading

Similarly to when opening up a new business, trading requires a certain level of confidence in oneself to succeed. Confidence is the pillar of...

142. Different Types Of Breakouts & How To Trade them?

Introduction As discussed in the previous lesson, a breakout is the price action that goes above or below a significant level on the price chart....

How to Become a Successful Forex Trader

Becoming a successful Forex trader is a great goal to have, although the intimidation of learning the ropes and investing real money into a...

Five Questions Answered by Forex Mentors

Some statistics suggest that 90% of beginners lose the same percentage of their trading capital in the first 90 days of trading. As it appears, the odds of someone failing right from the start are staggeringly high, which is why a number of newbies decide to enter coaching programs. With a massive quantity of available information and websites where they rate various mentors, we cannot but wonder if this is the path we should be taking ourselves.

GBP/CHF Global Macro Analysis – Part 1 & 2

Introduction The global macro analysis of the GBP/CHF currency pair will involve analysing endogenous and exogenous factors. Endogenous factors drive the domestic GDP growth in...

66. Pairing The Fibonacci Levels With Trendlines

Introduction In the previous articles, we learned how Fibonacci retracements give extra confirmations while trading the support & resistance levels. We also know that...

The Role of the United States Dollar Index in Forex Trading

The US Dollar Index is something that you often see mentioned around the trading world, if you haven't seen it mentioned then it probably...

Plan the Trade And Trade the Plan

This is something that you have probably heard a lot of times before, it is one of the most used phrases in Forex trading...

Three Ways to Boost Your Trading Confidence

Trading is a difficult thing to do, well it's difficult to do well and to do it well consistently. There are a lot of...

Fibonacci Trading: How Fibonacci Levels Can be Used in Trading?

Fibonacci levels and price action around those levels give traders clue what they should do with their potential trade setup. The 61.8% level is the most significant level, which is paid attention by the traders to make a trading decision. The price usually goes towards the level of 161.8% when it trends from 61.8%. Since it creates enough space for the price to travel, different traders trade and make use of the wave-length in differently.  We will learn some other strategies that are integrated with Fibonacci levels. Meanwhile, let us demonstrate an example of a chart where the price reacts at 61.8% and trends towards 161.8% afterwards.

25. Margin Terminologies – Balance & Rollover

In the previous lesson, we have understood the fundamentals of margin/leverage trading. In this lesson and the following few lessons, we shall be discussing different terms related to margin and

The Crab Pattern

The Crab Pattern   The crab pattern is another of Carney’s harmonic patterns and one of the first that he discovered. The essential condition of this pattern is the

Forex Price Levels: Why You Should Avoid Them

Price points in forex trading continue to be a popular tool but are they everything they promise to be? While there is a veritable myriad...

Price Action Trading and Trade Management

Trade management is such an important factor in Forex trading. Managing trades effectively saves traders from making a loss or help them secure their profit. Sometimes traders are to close their trades earlier or lock the profit. This shall be done only when trading is done on major time frames such as the H4, the daily, or the weekly, though. In today's lesson, we are going to demonstrate an example of an early exit in the H4 chart.

Head and Shoulders Often Comes with a Different Look

The Head and Shoulders formation is one of the most traded patterns in the financial market. It offers an excellent risk-reward, thus it is very fruitful if we understand and get well acquainted with it. A typical Head and Shoulders pattern that we usually see in the trading lesson is very easy to be spotted out. However, the financial market makes a lot of adjustments. Thus, the traders need to make some adjustments as well. In today’s lesson, we are going to demonstrate an example of a Head and Shoulder pattern, which is a bit different in its looks.

The Secret Formula for Successful Trend Trading

Why do trends work? The momentum-or inertia of prices to move in the same previous direction beyond what we might expect from a random...

Contract For Difference (CFDs) Explained!

What is CFD? A contract for difference (CFD) is a form of derivative trading. CFD allows a trader to speculate on prices of global financial markets such as shares, indices

Why Compounding is such a Powerful Tool

Novice traders put their focus on how much leverage brokers are offering as a crucial part of their decision process to choose the right brokerage account. But in fact, as

The Lazy Way to Trade Forex

Let’s be honest, if we could, the majority of us would do everything the lazy way. Why put in the effort and time if...

How Do Forex Robots Actually Work?

What’s this about trading robots? Do they work? Are robots bad? Many questions are those that usually roll in the head when you hear...

26. Margin Terminologies – Unrealized P/L and Realized P/L

Introduction In the previous lesson, the concept of balance was discussed. And in this lesson, two more terms shall be opened up, namely, unrealized P/L and realized P/L. First up

The Importance of ‘Wages’ In Determining The Economic Condition of a...

Introduction It is completely fair to say that it would be difficult to sustain a country's economy in the absence of households' consumption. The amount...

Analyzing The GBP/TWD Forex Currency Pair

Introduction to GBP/TWD

The Forex Trader’s Guide to Facebook

Facebook is currently the top social media platform in the world, pulling in more users than other media giants like Twitter, WhatsApp, Instagram, Twitter, and other names you’ve heard of before. The truth is that most of us have a Facebook account, and most of the people that we know do too. It’s almost surprising to find that someone you’re searching for doesn’t have a Facebook account, which provides reassurance that Facebook will continue to attract massive amounts of users, both young and old. Even grandparents have joined the trend and learned to use Facebook to connect with friends and family.

Gold As Part of a Diversified Investment Portfolio

Today we’re gonna talk about what diversification means and gold as part of a diversified portfolio. Finally, we will analyze the gold, what has...

Three Key Reasons for NOT Taking A Trade

We all love trading and having time to analyze the charts can become a little tiresome if you have been at it for hours...

Why Forex Traders Must Value Their Time

All traders at the end of the year always take stock of their own trading activity. There still exists an element that is never...

Forex Trading Is A Scam!

Forex trading is a scam! That is something that you hear thrown about the internet quite a lot. We are here to take a...

Avoid Psychological Mistakes that First-Time Traders Make

Psychology can affect one’s success as a trader in many ways, some of which may be more obvious than others. After all, forex traders...

Six Key Mistakes New Traders Make (and How to Avoid Them)

Within the last few decades, trading in the financial markets has seen a sharp increase in popularity, which has led to a boom in...

Deliberate Practice Trading: What It Is and Why You Should Be...

You would have most likely have been told plenty of times that if you want to be good at something, you will need to...

Trading Forex Without Monitoring the News 24/7

One of the biggest fallacies that traders will encounter when they start trading with Forex is the fact that "news is vitally important". While news stories do impact financial markets, I think it’s more important to ask this question: "What matters most, why does a market move, or the fact that it does?"