In this article, I thought being able to discuss the most common language you will encounter while trading in the Forex markets was important so you don’t feel as if you’re in completely over your head. You should be prepared enough to follow along with the lingo when going through your education to learn how to trade, and I’m hoping to provide you with some of the most common language you can expect to see beforehand. The first most common term you can expect to see a lot of is Pips. The following are 12 terms you're likely to encounter:
There’s an old adage, “You’re only as strong as your weakest link.” This can be relevant in many settings from team sports to trading. Now, in sports, the weakest link is an individual; but what is the weakest link in trading? With trading being a rather extensive skill-inducing task, it can take time and effort to find the weakest link; but once found, it can drastically improve your trading. Let’s go a few of the most common weak links that traders experience and how to find out if it's one of yours.
If you think about it, banks control almost every dollar that is spent in the world. Cash is a dying payment method being replaced with the tap of a phone, swipe of a magnet, and push of a button on an app Each of those pulls the money from your bank and puts it into someone else's. Even on payday, unless you’re working under the table for a nice cash gig or serving food for tips, your main income is a paycheck you put in the bank or an electronic transfer of funds. But, what do banks have to do with FOREX?
Hello. In this article, I'll explain how you can be sure you're meeting your trading goals and expectations and coming out successful! Trading can be tricky, that's why I myself am wondering all the time, am I doing a good job trading?
Hello to you all. In this article, I thought it would be a great idea to discuss why the currency market is the best source you could consider to invest your finances in. If you’re new to the currency market, investing could seem a little risky and maybe sketchy. The past used to be dominated by banks and institutional investors. However, online brokerages and online trading accounts have made forex trading available to everyone! The forex market is the largest and most liquid market in the world, so you should be aware of all the risks that set the forex market aside from from other markets like bonds and equity. Some of the key benefits of the forex currency market are with such high leverage used when investing in forex that it can result in high volatility and have a greater risk of loss.
Trading is difficult. It takes a long time to hone into a particular strategy that works well for you and to find what times and pairs work best for that strategy. With all the difficulties that can come about in trading and the frustrations that come from the losses, every great trader has had their losses. If you watch the Trader on the Street and Apiary Fund trading sessions with Shawn Lucas, there will be times it's a losing session. And while Shawn’s loss may be few in far between compared to the wins, they still happen. It's a process of getting to the point where your trading days are far more successful than negative. But one important thing is to never give up.
Shawn Lucas had the distinct pleasure of appearing on the Trading Nut Podcast, hosted by Cam Hawkins. In this exclusive interview, Shawn details the point in time where the best strategy for him clicked, and how he’s able to adjust and adapt to the ever-changing market.
Recently, we had an article discussing the risk to rewards of trading. Risk is a huge part of trading and in unavoidable. But how can we reduce and manage the risk that we have in the FOREX markets? There are certain strategies such as the Wobble Technique that Shawn Lucas teaches that minimize risk, and there are also more defined ways such as setting up stop losses closer to the trades.
The Forex market is the largest volume market in the world in terms of money coming through it a day. It has 24 hour a day trading capabilities and requires very little money to get started in since it's traded on leverage. But how does this all work since you're dealing with two countries' money and the fact that what you pay and what someone else in a different country pays for a candy bar doesn’t change day to day? Trader on the Street goes through the way the markets work all while showing how to trade in the markets and how to account for the movements that are there.
Unless you rely strictly on indicators in the markets, which is not recommended, you’ll have to have some sort of other indication when to get into a trade. This is done by trends. Trend trading is actually the most used type of trading when it comes to trading professionals like Shawn Lucas. When you’re looking for trends to identify, it’s very important to realize that there are many types of trends, all of which can have different indications of what the market is going to do. So, what are some of these trends?