Trading the forex market profitably requires developing an effective trading strategy. Here are some useful forex trading tips. First, take time to build your knowledge and skills before going live. Open a practice account and backtest trading strategies. Start small when going live, only risk 1-2% per trade. Use stop losses to limit downside. Analyze the market across different timeframes. Check the economic calendar for upcoming news events that may cause volatility.

Incorporate technical analysis into your strategy by using indicators like moving averages to identify support and resistance levels, trends, and momentum. Execute trades patiently at key chart levels. Trade with the trend by looking at the overall market direction on higher time frames. Manage your trading capital wisely, reinvesting profits to grow your account. Show discipline with your trading system, stick to your plan. Continually review and optimize your strategy. With the right market knowledge, skill, and discipline, these forex trading tips can lead to sustainable trading success.

21 Oct

Forex Trading Tips

Posted by

Daniel B Crane

Trading Psychology Explained – Manage Fear and Greed for Success

Trading psychology plays a crucial role in determining trading success. Understanding how emotions like fear and greed influence trading decisions is key to developing a winning mindset. This comprehensive guide examines core principles of trading psychology, actionable ways to control fear and greed, and tips to cultivate discipline and consistency for long-term profitability. Introduction Emotions are the invisible hand guiding trading actions. Uncontrolled fear leads to premature...

The Top 5 Trading Tips No One Else Ever Told You

04 May

Forex Trading Tips

Posted by

Daniel B Crane

The Top 5 Trading Tips No One Else Ever Told You

I tell traders what they NEED to hear, not what they WANT to hear. This is one of the things I'm most proud of about how I teach. Learning the truth about what trading is and what it takes to do well at it is the fastest way to become successful at it. You will have a hard time finding the following five trading tips on...

One Trade Is All It Takes to become successful

04 May

Forex Trading Tips

Posted by

Daniel B Crane

One Trade Is All It Takes to become successful

How often do you hear about traders or hedge funds going bust? How often do you hear about hedge funds or traders making a return of 100% or more? You read headlines like these every week… "XYZ Hedge Fund Trader ruins firm with bad gold market bets" or "XYZ Hedge Fund Trader makes a lot of money betting on the oil market going down." Today I'm...

A 7 Step Cure for a Trading Losing Streak

04 May

Forex Trading Tips

Posted by

Daniel B Crane

7 Step Cure for a Trading Losing Streak

Every trader has losing streaks from time to time. It's just part of the "game" of trading. But if you've been losing for a long time or if your losses are threatening to wipe out your trading account, it's time to rethink your trading strategy and take some responsibility for your poor performance on the market. Even though there is no one "cure" for all trading...

04 May

Forex Trading Tips

Posted by

Daniel B Crane

What Builds Confidence In Trading?

Trading is unquestionably a task that necessitates self-assurance. Having confidence helps you get through hard times. It gets rid of problems when you run into them and gives you focus, which is very important. If you have confidence, you will learn faster. On the other hand, not having enough confidence can be one of the worst things for a trader's mind. How will you get back...

3 Ways to Prevent Sabotaging Your Trading Success

29 Apr

Forex Trading Tips

Posted by

Daniel B Crane

3 Ways to Prevent Sabotaging Your Trading Success

For some forex traders, the fear of success is just as real as the fear of failure, even though it sounds silly. In fact, I'd say that it's worse than the second one because it comes from the subconscious. Everyone says they want to be successful, but some are afraid of the changes that may come with it. If you really think about it, the idea isn't as...

How to Bounce Back After a Losing Streak in the Market

17 Mar

Forex Trading Tips

Posted by

Daniel B Crane

How to Bounce Back After a Losing Streak in the Forex Market

In the stock market, everyone has losing streaks from time to time. But how do you know if it's a "normal" losing streak or a "debilitating" losing streak that will cause you to lose all the money in your trading account? How do you get back on your feet after a run of bad luck? If we aren't careful, our trading profits can quickly "melt...

17 Mar

Forex Trading Tips

Posted by

Daniel B Crane

How to Avoid Forex Losses

Forex Trading is different from other businesses because it only involves money. In other businesses, you have to keep track of inventory, costs, and assets. So, the foreign exchange losses that happen here and there are also felt in terms of money. In the normal course of business, there are many things that don't change, and the profit doesn't depend on any trends. Even though...

12 Feb

Forex Trading Tips

Posted by

Daniel B Crane

5 Top Tips on Trade Exit Strategies

Getting out of trades at the right time is one of the hardest parts of forex trading. You can leave the market too late and lose some of your profit because you didn't lock in any of your gains. You can also get out of a trade before it's done, missing out on possible gains if you had just let it run. It is one of the most...

14 Sep

Forex Trading Tips

Posted by

Daniel B Crane

1 comment

Poker Isn’t An Investment — But It Can Make You A Better Investor

If you’re interested in forex trading, chances are you’ve spent some time exploring a variety of alternatives to traditional stock market investing. Any number of things can come up in this kind of search, and these days that can include online poker and other forms of gaming. People try to make money in all kinds of different ways online today, and many don’t mind trying...