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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.

Count the Breakout Length

In today’s lesson, we are going to demonstrate an example of a chart where the price makes an H4 breakout at the last week’s low. However, the chart does not offer entries. It rather gets choppy. We will try to find out the reason behind that. Let us get started.

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...

Characteristics of a Successful Forex Trader

The trading plans, strategies, and goals of successful traders can differ widely, but those that are considered successful do share some important characteristics that...

Ask Yourself These Questions if You’re Not Profiting from Forex

All forex traders want to make money, but this is easier said than done. There are a lot of problems you could run into...

Top 3 Steps to Take Before Trading Forex

Starting your journey as a forex trader may seem rather daunting at first. You’ll probably ask yourself where you should even begin, what you...

10 Rules and Principles for Forex Traders

In life, we all have to follow rules whether we like it or not. In the realm of Forex, there are several rules which if followed, can actually help you to become a more disciplined, profitable trader. Consider the following ten Forex related rules and core principles, as they can help you on your journey to becoming the best trader that you can possibly be.

Forex Trader’s Guide to Agricultural Commodities

Agricultural commodities include items that revolve around crops and animals, making them an important source of nourishment for many people and animals in the...

Trading Problems that Will Cut into Your Profits

As a forex trader, there’s a lot to know when it comes to making money… and avoiding the loss of money. Psychological problems, technical...

Useful Tips for Part-Time Forex Traders

One of the biggest benefits of becoming a forex trader is flexible hours, which make it possible to trade part-time while working a full-time...

How to Choose the Best Trading Account

There are a lot of different types of forex trading accounts to choose from. Many brokers have taken to offering multiple accounts with different...

Weekly High/Low Offers a Better Reward in the H4 Chart Trading

We are going to demonstrate an example of a trade setup on the H4 chart. The price, after breaches the last week’s low; it consolidates and produces a strong bearish reversal candle. It then heads towards the South with extreme bearish momentum. Let us find out how that happens.

Designing a Trading Strategy – Part 4

Introduction

What to Look For In a Forex Trading Platform

Let’s dedicate this article to speaking about Forex trading platforms. In the market, there are thousands of brokers and platforms, and all promise to...

How to Use Rebates to Reduce Spread Expenses

What is a rebate and what do you need the rebate service? How can you go about reducing spread costs? Read our step-by-step instruction for using broker rebates to reduce the costs associated with spreads.

What is a Forex PAMM Account?

You will see that some Forex/CFD brokers, usually the largest, offer a "PAMM Account". What is this type of account? In short, "PAMM" (in...

What is a Forex Carry Trade?

Many trading strategies or systems that we are familiar with, are based or based on technical analysis or indicators. Unlike these strategies, Carry Trade...

7 Things that Successful Forex Traders Don’t Do

We often hear about the habits of successful Forex traders and study what these individuals do on a daily basis. Have you ever wondered...

It is Not over until It’s Over

In today’s lesson, we are going to demonstrate an example of a trendline trade setup. The price heads towards the North, and upon finding its support, it keeps moving towards the upside. At some point, it seems that the price is about to make a breakout at the trendline. However, the trendline works as a level of support and produces a beautiful bullish engulfing candle ending up offering a long entry. Let us find out how that happens.

The Ultimate Guide to Forex Swaps

The Forex Swap can represent (and most of the time does represent) a cost for the trader. As such, you must know what it...

Classic Quotes Relevant to Forex Traders

Often when we think about certain quotes in relation to forex and trading, we are thinking of ones that are solely from those that...

Designing a Trading Strategy – Part 3

Introduction

Are You Fully Prepared for Full-Time Trading?

Something that a lot of new and experienced traders aim for is to be able to trade full time, to be able to get...

Signs that you Need to Ditch your Current Trading Strategy

Think back to the beginning of your trading career: did you adopt a trading strategy that was promoted by others, or did you create...

148. How To Fade The Breakout By Successfully Trading It?

Introduction Most retail traders have a greedy mentality, so they always prefer to trade the breakouts to catch the home run. They believe in considerable...

What Does A Combination of Double Top and Evening Star Do?

We know a double top is a strong bearish reversal pattern. When the price trends with a double top, it usually creates strong bearish momentum. At consolidation, if it produces an evening star, it creates more momentum that is more bearish since the evening star is a strong bearish reversal pattern as well. In today’s lesson, we are going to demonstrate an example of that.

Using Weekly High or Weekly Low in the H4 Chart Trading

The Weekly high or Weekly low plays a significant part in the H4 chart traders. In today’s lesson, we will demonstrate an example of how last week’s high works as a level of support and pushes the price towards the upside by offering a long entry to the buyers. Let us get started.

Designing a Trading Strategy – Part 2

Introduction

Keep an Eye at the Last Daily Candle’s Closing

In today’s lesson, we are going to demonstrate an example of the daily-H4 chart combination trading. In the daily-H4 chart combination trading, the daily chart plays a very significant role. As long as the price in the daily chart heads towards the trend, the traders may find the opportunities to take entry. Let us now proceed and find out what that means.

Forex Bonus Types and Scam Avoidance

When choosing a Forex broker, we look at many different aspects of their services, including available account types, deposit requirements, fees, and so on....

Why Consistency is Important for Forex Traders

Many successful forex traders will tell you that consistency is key when it comes to a profitable trading strategy. If you want to bring...

Trader’s Guide to Choosing a Leverage Option

Leverage is one of the main benefits of Forex trading. Leverage is applied as borrowed funds from one’s brokerage, which allows one to increase their trading position. Your deposited amount (margin) would then be multiplied by the chosen leverage in order to make larger profits than what would originally be possible with one’s account balance.

Economic Calendars and Forex Trading

An economic calendar keeps track of important news events and announcements that could affect the movement of a specific asset or the market as...

Quick Start Guide to Exotic Pairs

Currency pairs fall into one of three categories: major, minor, or exotic. Major pairs include the most traded currency pairs and always feature the...

Best Books for Beginner-Level Forex Traders

Once you decide to gain an education in trading forex, the task can become overwhelming, as there is a lot of information out there....

Designing a Trading Strategy – Part 1

Introduction

Double Top and Evening Star Drive the Price Far Down to...

In today’s lesson, we are going to demonstrate an example of a double top offering an entry, not right after the breakout. It rather offers an entry upon finding its resistance, which is well below the neckline level. Let us find out how that happens.

What Is a Recotization in Forex?

When you are trading in Forex, you will come across the term "recotization" sooner or later. While it’s not that common, it can happen...

The Importance of Having a Solid Trading Routine

It is no secret that good habits are very important to most aspects of our lives. People with good dental hygiene habits have fewer...

What is Slippage in Forex Trading?

When you start trading with Forex, you’re flooded with a lot of new terms. One of those you will surely encounter is what is...

What You Need to Know About US Non-Farm Payroll Reports

Among all the regular economic announcements published by governments of major world economies, the most important is the US non-farm payroll report (sometimes called simply NFP) which is published by the United States Bureau of Labor Statistics. The market can react rather violently to these reports and there was a time when trading in these ads was a well-known strategy. Today, however, you often see most of the big players remaining out of the market during these ads.