What have you determined to be your goal(s) for trading? This can be expressed monetarily using a profit goal (either in currency or percent return) per […]
What is Your Motivation to Be a Forex Trader? Why do you want to become a forex trader? Is it to become filthy rich? Is it […]
How To Find A Trading Style That Suits Your Personality. The first step in building a trading plan is to realistically take a holistic view of yourself. […]
Why Trading Discipline is the Key to Consistent Profitability – Part 2. You trade proven forex trading strategies, over and over, so that across a series […]
Why Trading Discipline is the Key to Consistent Profitability – Part 1. What’s wrong with deviating from your forex trading plan if you make a profit anyway? Making […]
Do NOT be a Cowboy Trader! Without a trading plan, this would be nearly impossible. Instead, you’d be a “cowboy trader“, shooting from the hip, trading […]
Why Do Forex Traders Need A Trading Plan? A trading plan will make trading simpler than it would be if you traded without one. Think of […]
The Difference Between a Trading Plan and a Trading System. Before we continue, we have to quickly distinguish the difference between a trading plan and a […]
What is a Trading Plan? Here’s one piece of advice you should always remember. Be your own trader. In other words: Don’t follow someone else’s trading advice […]
China: Trade Tactics. If you watch the Australian dollar, then you should definitely mark your calendars for Chinese economic releases and PBoC statements. More often than not, […]
China: Trading the Chinese Economic Reports. Even though the yuan isn’t a commonly traded currency, that doesn’t mean you can’t make any pips off those Chinese […]
China: Important Economic Indicators for the CNY. GDP – This figure acts as China’s economic report card because it reflects how much their economy expanded or contracted […]
China: Getting to Know the CNY. The yuan is the primary unit of Chinese modern currency or renminbi. If you’re constantly getting confused between yuan and […]
China: Monetary & Fiscal Policy. The People’s Bank of China (PBoC), which is located in Beijing, is in charge of China’s monetary policies. Aside from controlling […]
China: Economic Overview. In late 2009, China overtook Japan as the world’s second-largest economy, and today, China’s GDP stands at a massive $14 trillion USD and […]
China. If all you know about China is that it has the world’s largest population and the Great Wall, then it’s time to read up! China […]
Trading USD/CHF. USD/CHF is traded in the amounts denominated in USD. Standard lot sizes are $100,000 while mini lot sizes are $10,000. The pip value, which […]
What Moves the CHF. Price of Gold As mentioned earlier, the CHF has an 80% correlation with the price of gold, as 25% of Switzerland’s cash […]
Important Economic Indicators for the CHF. GDP – The Gross Domestic Product (GDP) is the measure of the country’s total value of all final goods and services. […]
Getting to Know the CHF. Not too long ago, France, Belgium, and Luxembourg also termed their currencies as francs… until they adopted the cooler euro, that […]
Switzerland: Economic Overview. Switzerland is one of the richest countries in the world in terms of per capita income (that’s total GDP divided by the country’s […]