When approaching any trading scenario, the first crucial step is determining the best direction to trade a currency pair for ….
Category: Education
If you are new to Forex, Beginner, Intermediate or even Professional Traders, Prof Fx Education section is the right place to stop. Learn forex trading with our free online forex education guide and tips.
Find The Best Forex Trading Platform For You
Over the last few years, the world has become increasingly interconnected, making Forex trading an important way to invest and ….
How to Use Andrews’ Pitchfork to Follow the Price Channels and Trends
The technical analysis space amidst the scope of the market trade is wrought with innumerable options to track the market ….
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 ….
How to Use Trend Line Support and Resistance for Identifying Buy and Sell Signals
In the first part of our series on trading support and resistance, we explored the significance of these levels in ….
How to Use Trendlines in Forex Trading for Better Market Analysis
Support and resistance levels are among the most widely utilized technical tools in the Forex market. These pivotal charting points ….
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. ….
The Art of Cutting Losses & Letting Winners Run
For years, I was losing money because I didn’t get it. Not really. You hear it everywhere, it’s probably the ….
How to create a new forex trading strategy
When people are looking for a new forex trading strategy, what they really want to know is: How do I ….
Why you need a trader development plan
I’ve learned everything there is to know about trading. Says no professional trader, ever. This is something I teach to ….
A chartbook can make or break your trading
Keeping a chartbook of trades you have taken might seem like such a random thing to do. A nice to ….
The 10 step game plan for forex trading success
Trading is the hardest way to make easy money. I love this quote. If trading was easy, everyone would be ….
Should you close trades before the weekend?
It’s Friday. TGIF! You already have a drink in your hand and ready for some weekend activities, but you still ….
How Professional Traders Read ISM Data to Predict Currency Movements
The ISM Manufacturing Index is a cornerstone of forex trading, offering critical insights into global economic activity and influencing currency ….
Trading routines: build the habits of top traders
I went from being a bad trader to a good trader after changing this thing only. Afterwards, I couldn’t believe ….
Use the 5 Whys to become a better trader
A while ago, I read an excellent book called The Lean Startup by Eric Ries. The Lean Startup describes a ….
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 ….
Compound Interest Calculator for Forex and Stock Traders and Investors
If you are into the stock or Forex market investment, you might have often heard about the term compound interest or ….
Forex tick charts and why you shouldn’t use them
Once you’ve been trading for a while, you might have come across forex tick charts. The tick charts are usually ….
Understanding the Over the Counter Trading (OTC) in Forex Market
Most of us trading in the forex market know that transactions happen over the counter, but generally we are so ….