Wednesday, July 11, 2018

Scalping, Day Trading or Swing Trading, which style to choose?

Forex traders who earn money on this market are traders who first found the trading style that suits them the most. The success of a trader depends on certain factors, such as psychological factors as well as technical factors, the style of trading is also an important component of success in the Forex market, it is essential to define his style of trading before even thinking about developing a trading strategy. We distinguish three major trading styles among forex traders that we will review below.

The Scalping

A trader who practices scalping will maintain his open positions in the forex market a few seconds to just minutes. Scalpers are traders who intervene on the Forex market in order to generate profits in the very short term, the traders are thinkers who think while calculating their risks quickly, it is a style of trading asking a lot of concentration. Scalping traders do not care about long-term graphical representation and simply want to make quick profits, these traders accumulate positions and accumulate small profits at the end of their trading session. form a significant cash gain. We invite you to read our article"Is forex scalping a good trading strategy? " For more information on this trading style.

[caption id="attachment_1692" align="aligncenter" width="300"]Swing Trading Swing Trading[/caption]

Day Trading

This second style of trading also called "intraday trading" is a style in which traders take positions in the Forex market on a single day and do not keep any of them exposed overnight. Trading in the Forex market by daytraders typically lasts from several minutes to a few hours, traders who are followers of this style of trading rely primarily on technical analysis as well as fundamental analysis, two of the five best practices for trading. make money on the Forex market, in order to make their investment decisions. Traders who practice day trading aim for most of the time to achieve daily goals.

Swing Trading

The swing trading is a trading style for traders with the soul of long-term investors. The positions of traders remain open on the market for several days or even weeks. Traders who have adhered to this style of trading rely on technical analysis and a little less on fundamental analysis. When we are a swing trader, patience is important in our trading because we can wait for long periods of time for a trading opportunity to arise and then it comes to an end. This style of long-term trading generally requires significant capital in order to cope with the large price swings that may occur on the market during the long weeks in which positions can be kept open,

Which trading style is best for you? Do you practice scalping at forex brokers and regulated binary options brokers offering binary options with 60-second clearances or are you a day trader or swing trader aiming for long-term profitability?

Evacuate stress during Forex trading sessions

Forex is a high-potential financial market that offers high returns on investment, it offers the possibility for traders to invest capital on the foreign exchange market and profit from it but it is an activity that requires a lot of vigor. The vagaries of the market may cause some novice traders to doubt, traders may feel frightened and make bad decisions, which can damage the health of their portfolio and lead to significant financial losses, it is important to get rid of stress during trading sessions on the Forex market.

Permanent investment opportunities

You have to know that the Forex market is composed of a multitude of currencies specific to the countries of the whole world of which it is possible to speculate on their prices, there exists on the market of the Forex major currencies (euro, dollar, pound sterling, ...) and minor currencies or exotic (Mexican peso, Chinese yuan, ...), in addition to the diversity of trading instruments on which it is possible to speculate, note that this market is open twenty-four hours a day and five days a week, this which makes it one of the largest and most liquid, ie the Forex market is full of investment opportunities and it is useless to stress for fear of missing one, the opportunities are permanent and it always has opportunities that will allow you to open a trade and close it in profit.

Accept trading losses

Fluctuations in the Forex market can lead to a lot of money, but when the market is against you these fluctuations can lead to financial losses. Losing trades are also part of the game, it is important to accept them, a trader who does not accept his losses and whose goal is to perform only winning trades will lose his temper and this may push him to take action. irrational investment decisions. Losses are one of the consequences of the market and not accepting them is having an ignorant approach to the market and an inability to practice Forex trading.

Get rid of the emotions of trading

Currency trading can be a stressful activity, some planning of your trading session is necessary, it is advisable to impose win goals and a maximum loss limit, it is important not to exceed these goals once achieved during the trading session or risk becoming extremely euphoric and want to gain even more at the risk of losing profits or on the contrary to feel some hatred in the event of loss, falling into overtrading and lose even more money.

[caption id="attachment_1690" align="aligncenter" width="300"]Evacuate stress Evacuate stress[/caption]

Finally, remember that the use of trading tools such as our expert advisor moving averages or our expert advisor parabolic SAR , can allow traders to be assisted in their trading and confirm their decision making, which can trading less stressful, the use of demo accounts in forex brokers and regulated binary options brokers is also advisable before actually embarking on the Forex market, this can also allow less stress when investing in money real and test his trading strategies beforehand with virtual money.

Thursday, July 5, 2018

4 keys to make money in Forex trading

Here are some tips to follow for someone who starts in forex trading and wants to get off to a good start in this online business and build a source of additional income.

1. Know where to start

Opening a trading account and registering with a broker without having studied absolutely anything about trading is a serious mistake that can cost a lot of money and is unfortunately committed by many uninformed users. You absolutely need to know where to start, what to do and how, before thinking about investing in Forex. Participating in the trading forum can also be a good way to learn and progress through discussions and exchanges with other novice and experienced traders.

2. Train well enough

Once the trading courses are studied (and even during the apprenticeship), you will have to apply the knowledge acquired during the courses and videos, in the currency market. You will be able to build a trading strategy including technical indicators and concepts learned in progress and maximize your chances of success in trading. By doing so, you will know what to do, when to buy, when to sell, when to leave the market but also when to do nothing! The idea is to train on a demo trading account (in virtual money), however, some traders will prefer to engage in real with a small capital to practice, especially in order to feel the emotions associated with real trading and immerse themselves more in the world of speculation on the financial markets.

3. Help what is already working

It may be interesting to look at the trading strategies that already work for some traders and allow them to profit from the Forex market. Considering strategies like the Ichimoku strategy, the trading range strategy or the moving average strategy can help to understand some market mechanisms and how some people make money. A solution that is all the more interesting is to copy the investments of traders and therefore to practice social trading, allowing here to see how some professional traders proceed to speculate on the markets.

4. Invest with a regulated broker

This friend tip can be considered as a 4th key to making money in Forex trading. Getting money in the markets is great, but having access to its earnings and being able to withdraw them is all the better! To avoid the risk of investment scams and be certain to be able to withdraw its profits, it is therefore essential to favor a regulated forex broker.


Monday, July 2, 2018

How to create a profitable trading strategy?

There are many trading strategies but the ideal is to build a strategy that suits us. We explain to you how to achieve this in the few paragraphs below.

Study the basics of Forex

In order to know what to do and where to go, how to interpret the market and to be able to detect and surf the trends, it is essential to understand the functioning of Forex mechanisms and this involves the study of trading courses. Through trading courses and videos made available on Forexagon, it is possible to acquire solid knowledge in trading and even being a total beginner. Studying is one of the keys to making money in forex and to succeed, skipping this step will simply lead to failure. Trading courses focus on key concepts that are taught in traders training, logical and rational concepts that have proven themselves and that effectively deal with the financial markets by maximizing the chances of success. So now you know where to start trading!

Exploit tools (technical indicators)

The technical indicators are tools for decision-making among traders, they are calculated in different ways generally in relation to the evolution of the market price and provide indications. A technical indicator can show many things, such as a market on sold or bought, a rising or falling volatility or an increase or decrease in volumes. Pairing the indicators allows traders to develop trading strategies. However be careful not to get lost in the thousands of technical indicators that exist. There is no technical indicator to become rich and it is better to be content with technical indicators known for decades that technical indicators developed by programmers and sold on the internet. RSI, the stochastic or the Bollinger bands, is recommended and will provide you with a very good foundation.

[caption id="attachment_1683" align="aligncenter" width="320"]profitable trading strategy profitable trading strategy[/caption]

Establish a trading plan

A trading plan is like a roadmap for the trader. The trading plan determines when a trader must take action by making a purchase or a sale on the market when he has to leave the market but also when he must abstain and not take a stand. The trading plan also determines the security parameters of the trade, namely the take-profit (gain goal) and the stop-loss (maximum loss in case of bad trade). Each successful trader has a trading plan that he strictly adheres to, which allows him a regularity in his earnings. Without a trading plan, a trader will have a good chance to burn out his trading account and lose all his money quickly, an attitude that should be avoided!

Respect a money management

Always learn to respect money management irrespective of the amount you are investing - whether it's $20 or $2 million dollars. It's your hard earned money.

A trading strategy is based on several serious criteria that it is important to study deeply and one by one. Once the basics of the trading strategy are established, it will be important to respect it to maximize its chances of success in the market. Trading is, therefore, a serious activity that leaves no room for chance.

The following strategies might help you get started:

Regardless of the trading strategy implemented in the markets, always be sure to choose an authorized forex broker to invest in the markets.