Forex Trading Education Articles

Part 2 – How to Become a Pro FX Trader: Testing Your Trading Skills

In today’s lesson we are going to continue where we left off last week by moving on to developing a Forex trading plan, trading journal, and demo trading. Like or not, these seemingly “boring” aspects of Forex trading are essential to achieving success as a trader. If you ignore these critical pieces of the “pie”, you will quickly join the crowd of failed traders. Creating a trading plan and journal are the basis of becoming a disciplined trader and developing positive trading habits. After you have completed steps 1-3 in part 1 of this series, as well as steps 4 and 5 in this part, you can demo-trade your new trading strategy and see how it performs in real market conditions.

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Part 1 – How To Become a Professional Forex Trader: Building the Foundation

This week, I am starting a 5-part blog series on “How to Become a Professional Forex Trader”. It will be laid out in a step-by-step easy-to-follow manner. However, before we get started I must issue a note of caution; simply reading this 5-part series alone is not going to make you a pro trader. You have to actually use the information provided within this series and understand that there is no “quick-fix” to trading the market for a living

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Forex Trading Money Management – An EYE OPENING Article

An Eye-Opening Article on Forex Trading Money Management – Everyone knows that money management in forex trading is a crucial aspect of success or failure. Yet most people don’t spend nearly enough time concentrating on developing or implementing a money management plan. The paradox of this is that until you develop your money management skills and consistently utilize them on every single trade you execute, you will never be a consistently profitable trader.

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How Often Do Professional Forex Traders Actually Trade?

One of the biggest obstacles standing in the way of amateur traders becoming professionals is their lack of recognition and(or) acceptance of the fact that trading less frequently almost always produces more consistent and more profitable long-term market performance than over-trading and interacting with the market too often.

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Over Trading Is A Forex Trader’s Biggest Mistake

Over-trading is perhaps the most prevalent trading mistake that Forex traders make. This article will fully explore over-trading and provide some solid tips to help you overcome this extremely destructive emotional trading problem.

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How to Stop Losing Your Money in Forex Trading

If you are currently on a losing streak in the markets, today’s Forex trading lesson is for you. All of us experience losing trades, it’s just part of being a trader, but if you are finding that you’re losing more money than your making and you don’t know how to stop it, you probably have some bigger issues that you need to face and fix before you can stop the bleeding. I am going to give you a two-part program in today’s article that will hopefully provide you with the insight you need to stop losing more money than you are making in the markets.

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Risk Reward and Money Management in Forex Trading

This will be the most important Forex trading article you ever read. That might sound like a bold statement, but it’s really not too bold when you consider the fact that proper money management is the most important ingredient to successful Forex trading.

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Winning Forex Traders Vs. Losing Forex Traders

Winning forex traders Vs. Losing forex Traders – Two traders can use the same exact forex trading strategy yet one of them makes money consistently and the other loses consistently. To what can we attribute these seemingly perplexingly different outcomes? There really can be only one variable that is different if the trading strategies and everything else is exactly the same. The difference in the outcomes can be explained by the fact that a winning forex trader thinks fundamentally differently from a losing trader.

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How to Become a Disciplined Forex Trader

Discipline is an integral part of becoming a consistently profitable trader. However, most aspiring Forex traders find themselves unable to remain disciplined as they trade the markets. Today’s Forex trading lesson will provide you with some solid insight into why you must become a disciplined trader as soon as possible and how to change your trading habits to become more disciplined. This is going to be one of the most important trading articles you ever read, so I suggest you settle in and grab a cup of coffee and really let the concepts I’m about to discuss sink into your mind.

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The Human Mind VS. Computers in Forex Trading

This article will discuss the advantages and disadvantages of the human mind and of computer trading programs, and it will conclude with my personal perspective of why I believe the human mind is without a doubt the ultimate Forex trading and analysis tool.

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10 Reasons Why Price Action Will improve Your Forex Trading

10 Key Reasons why Price Action will improve Your Forex Trading Results by Nial Fuller.
The fundamentals of price action analysis are not something that fade away with time or that can become irrelevant through wide-spread usage. One of the best reasons to start using price action as your main trading method is that the analysis of price action setups gives you a way to make sense out of market movement; it allows you to put price data into a context that makes logical sense. Traders often get caught up using indicators to analyze price movement, this is like going to a mechanic if you are feeling sick, it just doesn’t make sense to look at a lagging price indicator to analyze price movement when there are regularly repeating price action setups that can give you a much better expectation of what price is likely to do next.

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What are Your Chances of Success as a Forex Trader?

So, what are your chances of succeeding as a Forex trader?? This is a very important question that deserves some logic-based discussion, rather than the vague general statements that we so often read on the internet. Let’s tackle this question head-on with some supporting evidence and logical thought, this will hopefully give you some confidence and eliminate some of the “I’m just another doomed trader” thoughts that you no doubt have had or are currently having.

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Don’t Measure Your Profits in Percentages or Pips

Money Management – Don’t Measure Profits in Percentages or Pips – Instead Use “R” – Most forums and blogs discuss percentage and pip returns on traders’ accounts. However, in reality, measuring returns in percentages or pips is not the most effective way to track your trading performance. Every trader is different, and every trader brings with them a different set of mental variables and funds to trade with. Since this is the case, you should track your performance in terms of dollars risked vs. dollars gained (risk reward), which can ultimately be reflected in the number “R”, instead of percentages or pips. Now, let’s discuss WHY measure trading performance in terms of dollars risked vs. dollars gained, or R, is the best way to track your returns in the Forex market.

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Can You Really Make A Living Trading Forex?

Aspiring traders often ask me whether or not it’s really possible to make a living trading the Forex market. The short answer is yes. The longer answer is, yes you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary discipline, patience, or realistic attitude to succeed long-term in the markets.

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Forex Traders Rehab – Recovering 1 Pip at a Time

So you’re on a losing streak and your capital is down by 50 percent from recent highs, you keep on punting away in the belief that you’re about to recover all your losses. You just know that if you can hit that big winner it will bring your account back up to where it was when you started. You are very excited about the prospect of making everything back you have lost recently and are looking forward to finally making some decent coin above and beyond your initial account deposit. WARNING!!!! YOU NEED TO ENTER FOREX TRADERS REHAB.

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Risk Reward & Position Sizing in Forex Trading

Aspiring forex traders often spend countless hours searching for that perfect trading system which they think will make them rich by following a particular set of trading rules in a robotic manner. Unfortunately, most traders fail to realize that the real “secret” to successful forex trading lies in a thorough understanding and implementation of risk reward scenarios and position sizing in forex.

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A Day in the Life of a Professional Forex Trader

Most retail Forex traders who make it to the level of full-time or professional trading have a daily routine that is probably a lot different than what most amateur traders imagine. In reality, most professional traders interact with the market far less frequently than what most people might suspect, and this is especially true for pro traders who trade price action on the daily and four charts like I do.

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Why Do Most Forex Traders Lose Money?

Why do most Forex traders lose money then? What human variables contribute to the success rate being much lower than breakeven for most traders? In this article I will share with you my thoughts on why otherwise totally rational and successful people fall apart when it comes to trading the Forex market.

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The Truth about Forex Fundamentals and Trading the News

Forex news and Forex fundamental variables are topics that many traders email me about each week. They usually want to know if they should pay attention to the news as it relates to their trading and (or) how to incorporate fundamental economic news variables into their trading.

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Nial Fuller’s 5 Golden Rules of Forex Trading Money Management

Understanding how to implement Forex trading money management to grow your trading account is essential to the success of all traders. However, many beginning traders are largely unaware of some or most of the basic concepts of effective Forex money management, and this is a major reason why so many traders fail to make money over the long-term in the markets

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