Forex Lesson 6: Technical Analysis Revisited (2) Noteworthy Points when Trading Currencies Every currency pair trades in different ways and patterns depending on the currency pair involved. As such there are no hard or fast rules regarding currency trade patterns but there are a few general pointers and things to look out for when trading […]

Forex Lesson 7: Key Market Influences The Forex market is considered to be the largest market in the world with huge numbers of buyers and sellers. The volume of trade in the Forex market is difficult to monitor because the number of buyers and sellers isn’t restricted in any way, as long as the price […]

Forex Lesson 8: Fundamental Analysis Fundamental analysis is an extra tool that a trader can add to their toolbox to use in conjunction with technical analysis. It would never be recommended to use fundamental analysis by itself without any further information but when used in conjunction with technical analysis it can be an informative and […]

Forex Lesson 9: Trade Management Now that we are coming to the end of our Forex modules there are a few key points that it are worthwhile mentioning. It can be tempting at this stage to rush out and begin trading without remember some of the fundamental golden rules of trading. It is often easy […]

Forex Lesson 10: Trading Psychology Emotions are the trader’s worse enemy. As mentioned in module 9 to be a successful trader it is best to make decisions that are totally devoid of emotion. However emotions can be hard to overcome for the new or inexperienced trader, even the most seasoned trader can succumb to emotion […]

Section 5.1 – Zones of Support & Resistance, Lesson 5 Price/Volume Relationships In lesson 4 we discussed the elasticity of markets. We also looked at the dangers associated with trading break-outs. If you are unfamiliar with these concepts you will find more information here: return to lesson 4. Zones of Support & Resistance We already […]

Section 4.1 – Market Myths – The Moving Average, Lesson 4 In lesson 3 we discussed the importance of trends and how to recognise them. We also looked at pivot points or turning points in trends. If you are unfamiliar with these concepts check out lesson 3. Lets start by taking a closer look at […]

Section 3.1 – Trends & Pivot Points, Lesson 3 In Section 2 we discussed the four stages of the markets and why they occur. It is important to be able to recognise which phase the market is in so that we can form an opinion. If you are unfamiliar with the concept of the four […]

Section 2.1 – Reading the Market, Lesson 2 Trading is a process that is best carried out in the same way every time otherwise results will be erratic. Just as the croupier in a casino always deals the same way to maintain the odds in favour of the house, the best traders always approach the […]

Day Trading Primer, Lesson 1 The simplicity of the markets is perhaps their greatest disguise and yet we find that most traders make the mistake of overcomplicating the trading process. You don’t need to have a high IQ or especially fast computers to be a successful trader, you just need to understand what is actually […]