One of the greatest skills you can develop as a trader is the ability to create your own trading strategies. Even if it’s based on others’ ideas. If you can develop a strategy, you learn how to find your own […]
A look at how high and low volatility affects day trading in the EURUSD, how to determine current volatility, and how current volatility compares to historic averages. The article looks at overall volatility and volatility by hour of the day […]
This page highlights the forex pairs making the biggest price moves in the strongest trends. You may find this useful for identifying swing trades based on strongly trending forex pairs. Best Swing Trading Currency Pairs – Updated Weekly The following […]
Learn strategies for day trading the non-farm payrolls (NFP) report, one of the biggest market-moving events in forex. These are strategies you can build off whether day trading the EURUSD or the GBPUSD. You’ll learn ways to make money trading […]
Whether you want to day trade or swing trade forex, here are some guidelines on how much money to start with depending on what your goals are. Day trading is buying and selling within the day, often multiple times per […]
Trading statistics are key metrics that show how you are performing. Tracking and monitoring your statistics is important if you want to improve, as these statistics highlight strengths and weaknesses in your trading. ForexTester, an easy-to-use backtesting and trading-practice software, […]
See scenarios for how much forex day traders can make based on their win rate, risk/reward, position size, and number of trades. In forums and in emails I receive, a common question is “How much money can I make day […]
Whether trading stocks, forex, or futures, the key to making big profits in day trading is the same. It’s how we size up our bets relative to the risk and reward we want to take. In this article, you will […]