Alan’s Forex Blog

Hi everyone. Here is an interesting tutorial that I found on a forum (Google search is your friend.) I hope the admin does not mind me reproducing his post available @ http://forexbarometer.com. I hope you find it useful. Here comes the article:
Spread is one of the crucial parameters that might dramatically affect short-time trading systems [...]

Here are 4 Forex trading tips that if you understand them, can allow you to enter the elite 5% of winners who make big long term consistent profits. Anyone can learn currency trading and win but these 4 points need to understood – here they are…
1. You are Responsible
If you think you can buy success [...]

If you are interested in trading on the largest financial market in the world, they you need to learn how to get started. Trillions of dollars are traded on the Forex market daily by investors from around the world. Before you begin trading, review the top 3 Forex trading tips listed below.
1. 24 Hour Market- Unlike [...]

Because currency exchange covers the entire world and all 24 time zones, forex is a 24-hour-a-day market. This is good in that it results in billions upon billions of dollars of transactions per day. But it also means that forex traders have a constant influx of information to keep track of, unlike the [...]

Making “anger” trades after either having a bad loss or making a bad decision is known to every forex trader, a beginner and a pro. As soon as emotions get a grip of a trader, useless trades are almost inevitable. Anger and revenge trades are so fatal that can wipe out a forex trading account [...]

Most people make a big deal out of forex market prediction. They think they need to be right 70% or better in order to “pass” the exam that the forex market gives them. They also believe that they might get an “A” if they could be right 95% of the time. The need to predict [...]

Forex market reactions depend largely on pivot points. This is because a large majority of forex traders uses these points as a guiding aspect. If you find the market opening above a pivot point value, you can expect the remaining part of the day trading to be focused on short trades.
You will typically need three [...]