Becoming a successful independent trader is something many people aspire to. You can be your own boss, set your own goals, and choose your own schedule.
Reducing broker fees can be one of the most effective ways to improve your trading profits. This post explains the cost of fees and how to minimize them.
Straddle trades are so called because they have two separate legs that sit either side of a given price level. More often than not, straddle trades are used to trade breakout events.
In theory trailing stops provide a way for traders to limit losses and to lock in profits on individual trades. The basic idea of the trailing stop is that as a trade moves into profit, the stop level adjusts upwards in the case of a long (buy) trade or downwards in the case of a short trade.
Fibonacci fan is primarily a tool for analysing trends. The most basic use of Fibonacci fan is to mark out lines of support and resistance within a trend channel.
Demo accounts are where most people learn how to survive the ups and downs of trading financial markets. However it’s useful to keep in mind the differences between demo trading and live trading
The jobs market is a barometer to the health of the economy. Other than interest rate announcements from the Federal Reserve there are few pieces of economic data that will move markets as much as employment data.
Range trading is a simply yet powerful trading technique in forex. It complements a number of other strategies such as trend following and breakout trading but many use it successfully on its own.