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Tools of the Trade

Risk Management in Forex

Risk management is an important part of a trader’s tool set because it can successfully protect a trader’s capital from high draw downs. Introduction: A forex trader trades in order to make money. To be able to make money consistently we have to know how we can manage risk. Th... More >>

Forex Home Business > Tools of the Trade

What are the Most Useful Trading Tools

A new trader needs a set of trading tools which safeguard his capital account and guarantees the safety of his forex transactions. Introduction: There are many forex trading tools available to forex traders however for a new trader there are a number of tools that are absolutely essential... More >>

Forex Home Business > Tools of the Trade

Forex Money Management-Stop Loss

Stop loss strategy is the central pillar of a trader’s money management strategy which should be developed to protect the trader’s capital. Introduction: One of the key pillars of good forex money management is the ability of the trader to calculate his risks regarding each tr... More >>

Forex Home Business > Tools of the Trade

Momentum Indicators

The two most widely used momentum indicators amongst professional and retail traders are the RSI and the CCI indicators. The momentum indicator is designed to recognize the strength of price movements by identifying and plotting the rate of change. It is displayed in its own chart usually un... More >>

Forex Home Business > Tools of the Trade

Ichimoku Kinko Hyo

Ichimoku Kinko Hyo is an equilibrium chart which gives traders a visual representation of where market prices are heading. Strangely enough this particular technical analysis tool wasn’t invented by mathematician but by a newspaper journalist. This particular chart is named ‘equi... More >>

Forex Home Business > Tools of the Trade

Trading the Support and Resistance Lines

Trading support and resistance lines is more profitable if these levels are treated as price zones. One of the most commonly used theories in trading currencies, commodities and stocks is trading the support and resistance lines. If we take a look at the diagram below we see that the market i... More >>

Forex Home Business > Tools of the Trade

Using Stops with Fibonacci

Using stops with Fibonacci determines potential support and resistance areas for strategic stop placement. Fibonacci retracement levels can provide a trader with the knowledge of where to place stops. By placing Fibonacci lines over a price chart and extending the lines further than the curr... More >>

Forex Home Business > Tools of the Trade

How to choose a Fund Manager

The choice of a fund manager is important because you will be authorizing this person to act on your behalf in all investment matters. So, it is necessary to ensure that your investment is in safe hands before you give it over to be managed by a fund manager. The function of a fund manager is to ... More >>

Forex Home Business > Tools of the Trade

Optimum Home Computer Setup for Day Time Trading

Day traders have a lot of complications on hand and they certainly do not need their computer to be one of them, thanks to the many various trading tools available nowadays. Day trading in the Forex market is fast paced and you need to be active and ready to trade at the slightest change in the m... More >>

Forex Home Business > Tools of the Trade

Forex trading tools

Present day Forex traders are inundated with literally thousands of Forex trading tools, like for example forex robots. These are easily accessed via online sites and can be used wither free of charge or for a fee. The most difficult task for the trader is to find the trading tools that are appro... More >>

Forex Home Business > Tools of the Trade

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