Effective Exit Methods Every Forex Trader Should Master Traditional Stop/Limit Orders Based on Support and Resistance Dynamic Trailing Stops Using …
Author: Victor Chen
Victor Chen is a Senior Currency Strategist and Senior Editor of Prof FX, specializing in the integration of fundamental and technical analysis with strategic money management. With hands-on trading experience since his teenage years, Victor has built a deep portfolio across spot forex, financial futures, commodities, stocks, and options—actively managing his own accounts with a disciplined and adaptive approach to the markets.
Understanding Psychological Levels and Round Numbers in Forex Trading
In the ever-dynamic world of forex trading, certain price levels naturally capture traders’ attention. These pivotal points, often referred to …
Top 3 Triangle Patterns Forex Traders Must Know
Triangle patterns come in three main variations and are a common sight in the forex market. These patterns provide traders …
How to Use Trendline Support or Resistance for Effective Forex Trading Entries
When approaching any trading scenario, the first crucial step is determining the best direction to trade a currency pair for …
Understanding Popular Moving Averages in Forex and How to Effectively Use Them
A Closer Look at Simple Moving Averages (SMA) Moving averages are among the most widely used tools in forex trading …
NFP and Forex Fundamental Strategies: What is Non-Farm Payroll and How to Profit from It
What is the NFP? The Non-Farm Payroll (NFP) report is one of the most critical economic indicators for the U.S. …
How to Use the Producer Price Index (PPI) in Forex Trading
The Producer Price Index (PPI) is a critical economic indicator that forex traders use to gauge inflation trends and predict …
Understanding Quantitative Tightening: How Central Banks Control Inflation and Economic Growth
Quantitative tightening (QT) is a powerful yet often misunderstood monetary policy tool used by central banks to reduce the money …
Mastering the Exponential Moving Average (EMA): Explained
What is Exponential Moving Average (EMA)? The Exponential Moving Average (EMA) is a refined version of the Simple Moving Average …
Leading vs Lagging Indicators: Which One Should You Choose for Trading?
In the world of forex trading, indicators are essential tools that help traders make informed decisions about when to enter …
Leading Indicators: A Guide for Forex Traders
As a forex trader, understanding market movements is key to making profitable decisions. One tool that can help you predict …
Candlestick Patterns Basics for Beginner Trader
In candlestick patterns basics, we’re going to start right at the beginning with how to interpret candles. Each candle represents …
How to Improve Your Forex Currency Trading System
Even with a forex currency trading system, preparation is half the battle. In order to have a solid performance, you …
Make Money in Forex by Avoiding These Psychological Risks
Aside from the risk of losing money, forex trading also involves several psychological risks. These risks are often overlooked by …
Reducing the Effect of Emotions on FX Trading
It is important for every forex trader to be able to manage his or her emotions so as to not …
Taking Opportunity on Market
Many of us know someone in our family who went through the Great Depression of the 1930’s. Often, these survivors …
Trade Management – Even more Important than Money Management
The market can do only three things once you are in trade: fail, go sideways, or follow thru in the …
Elliott Wave Basics – Structure
Introduction to the Elliott Wave Principles (EWP) in analyzing market structure There are many angles from which we assess the …
Win By Not Losing in Forex Trading
Trading systems can be separated into two main components – market entry/exit signals and money management. Most traders spend the …
Trading and Emotions on Forex
Fear and greed are the emotions that have the most impact on traders and investors, they make us make irrational trading …
Why A Forex Trader Loses in Forex Trading?
First you need to understand that Forex trading is unlike regular investments and gambling; so that way you cannot say …
