Why Long Term Trading Is Better for Your Success as a Trader

Why Long Term Trading Is Better for Your Success as a Trader

When most people think of currency trading, they picture it as a short-term activity where traders make money from day trades. But this gives the wrong impression of forex trading as a way to get rich quick, and ultimately, holding a position long-term may prove to be more profitable than a series of short-term trades. How long does a trade have to last to be considered long-term? There […] Read more »

Why a Career as a Forex Trader May Not Be for You

Why a Career as a Forex Trader May Not Be for You

One of the biggest misconceptions about trading forex is that it represents easy money. After all, what could be easier than making money from your computer while sitting at home in your pajamas? But being a currency trader is more complex than it seems, and there are many things you need to consider before you decide to quit your day job and go into forex trading full-time. • […] Read more »

Can Scalping Be a Profitable Forex Trading Strategy?

Can Scalping Be a Profitable Forex Trading Strategy?

Scalping is a popular trading strategy that is commonly used in stock trading, but is it also viable for forex? When you scalp, you hold a position for a short time and take your profit from small price movements. Scalpers may open and close several positions throughout the trading day or they may open a single position and exit it before the market closes. The trader generally uses […] Read more »