FX Traders Blog - Page 2 of 3

ELLIOTT WAVE PRINCIPLE

On August 22, 2018October 11, 2018 By beanfxtrader

Elliott Wave Principle The Elliott wave principle, was discovered by Ralph Nelson Elliott and it is a technical analysis tool of Forex price movement that is based on sentiment of market participants. The Elliott wave principle works perfectly with price trends with respect to highs and lows of price, resistance, […]

LONDON BREAKOUT STRATEGY FOR GBP PAIRS

On August 5, 2018October 16, 2018 By beanfxtrader

London Breakout Strategy The London Breakout strategy is a fascinating strategy that British Pound traders use every day. The time considered for this strategy is exactly 8hrs after the market opens for the trading day. A demo account will be ideal for practice purposes before using a live/real […]

Price Interest Point (Pip): Price Measurement

On May 20, 2018June 20, 2018 By beanfxtrader

The Pip Measurement A pip is the standardized unit amount of price movement or change in the rate of a currency pair in forex trading. It measures price movement just like weight is measured in gram or kilogram. It is generally used by Forex Traders to reference profit or loss. […]

Bollinger Bands and Scalping Strategy

On May 18, 2018October 15, 2018 By beanfxtrader

Bollinger Bands (technical analysis tools) are created by John Bollinger and used to measure market volatility (sometimes used for scalping strategy) because they adjust to market conditions. Traders use the bands to confirm trends, market range top, and bottom. Bollinger bands can confirm the range of price action and they […]

Scalping Strategy

On May 16, 2018July 20, 2018 By beanfxtrader

Scalping is a trading method that involves analyzing and forecasting price movements in order to place profitable short trades. The aim is to make small profits within few seconds or minutes at any session within a trading day. Scalping is risky. Some trading systems may not be appropriate for you […]

Margin in Forex Trading Explained

On May 12, 2018June 24, 2018 By beanfxtrader

What is Margin? Margin trading in forex is trading with a loan borrowed (short-term loan) from a broker to control large positions on a currency pair. A margin is the amount of money a broker will put aside to keep investor’s trading position(s) open. However, it simply magnifies the amount […]

Forex Hedge Explained

On April 27, 2018July 30, 2018 By beanfxtrader

What is Forex Hedge? Hedging is when a trade is placed by a forex trader to protect an existing or losing trade. It is carried out in forex trading to protect one’s position from a sudden currency price move in the forex market. Hedging involves, placing both long and short […]

Leverage in Forex Trading Explained

On April 23, 2018June 24, 2018 By beanfxtrader

What is Leverage? Leverage is when a trader has the ability to use a small capital to execute a large volume of trades in the forex market. Leverage is the ratio of the trade size compared to the capital invested. For example, a leverage of ratio 50:1 means $200 of […]

Choosing the right lot size for Forex Trading

On April 15, 2018June 24, 2018 By beanfxtrader

Lot Size in Forex Many amateur traders are unable to manage their risk properly especially when they select the wrong lot size for their Forex trades. One of the reasons why a new trader will lose a great percentage of the trading capital is because of the wrong choice of […]

Fundamental Analysis in Forex Trading

On April 9, 2018June 18, 2018 By beanfxtrader

Fundamental Analysis Fundamental Analysis is a very important tool that professional traders use in Forex trading. It is the careful study of the economic, political, fiscal and social factors that affect the value of the currency of a country. However, the general economic outlook of the country related to the currency […]