How to use the Bollinger band indicator and make profit consistently in forex trading

There are many different ways of trading the financial instrument in the forex industry. In the eyes of trained professional there is no specific trading strategy in this world which can guarantee 100% profit from this industry. There are many traders who uses the important support and resistance level in the market and make a decent amount of profit in the market. It’s true that there are many different trading strategies in the market which can help you to make decent profit but as a professional trader, you need to develop your own trading strategy based on your personality. For instance if you prefer short time frame trading then swing trading won’t suits you since you have to wait a long period of time only take one trade entry. On the contrary, if you are long time frame trader then you can’t make a decent profit by using the shorter

Read more

How to start trading with a very small account like the professional trader

Forex trading is such a lucrative business that every single day the number of retail traders are increasing in this industry. Most of the new comer in this industry start forex trading in order to make quick money. Those who start trading the financial instrument with very little knowledge incur a huge loss in real life trading due to their lack solid trading foundation. Many new traders often start their trading career with a huge initial deposit and ultimately jeopardize their financial stability. If you truly want to master the art of forex trading then you must know all the fundamentals of this financial industry. If you are relatively new in this industry then start trading with a relatively small account. There are many sites which will tell you to start your trading career with the demo account. But in the eyes of trained professional trading the demo account doesn’t

Read more
technical analysis

Major three type of analysis in the forex market

Trading the forex market can extremely difficult if you are relatively new in this industry. There are many traders in the world who are making consistent profit out of trading the financial instrument. But the number of successful trader in this industry compared to the losers is extremely small. Statistics suggest that out of 100 traders only 5 people are making consistent profit out of trading the forex market. The rest who are losing money is only because of their lack of trading knowledge and discipline. Imagine how many years that the engineers spend in their education before they get involved in real life paid engineering job? Similarly almost every professional requires extensive training for making a decent income. But when it comes to forex trading all the traders think to get rich quick over the night. But forex is not a get rich quick scheme. In order to make

Read more
forex for begginer

Basic concepts about the forex market for the beginners

There are many different types of jobs in the world which can help you to lead your life. But when it comes to financial freedom all the peoples look for such an opportunity which will allow them to earn a decent income. By the word decent we are referring to sufficient that means we will have enough money even after full filling all our daily needs. Nowadays lots of people are investing in forex in order to secure their financial freedom. Forex trading is not an easy task, it requires a solid trading foundation and a clear understanding of the financial market. Like any other business trading, the forex requires an extreme level of discipline and proper execution of the trading plan. Most of the retail traders in this industry fail to earn money from the forex industry since they consider it as a money making the machine. They want

Read more