Forex for Beginners – Forex Trader Portal

How to set up monitoring of your account on MyFxBook

September 13, 2021 by Michael Leave a Comment

I think many of you have heard more than once about the importance of keeping a trading diary. Keeping track of and analyzing the trading activity on your account, whether you trade with the help of advisors or manually, is very, very useful. But if you analyze reports from the terminal manually, it will be … [Read more…]

Forex cent accounts – what are they and why are they needed?

September 6, 2021 by Michael Leave a Comment

Hello everyone! Many novice Forex traders do not fully understand the difference between standard (classic) and cent accounts. Therefore, I decided to write this little article in order to clarify. In this lesson, we will analyze: where to open a cent account, what it is, and in what cases you need a cent account, even … [Read more…]

3 Possibilities of Charts in MT4 Terminal You didn’t know about

February 25, 2019 by Michael Leave a Comment

How to adjust a chart in MT4 to suit you? How to change and fix the scale, change the timeframe, find the right panels? Life hacking for newbies in the foreign exchange market! In order to profitably trade in the foreign exchange market, you must be able to work with price charts of currency pairs. … [Read more…]

Forex for Beginners course

August 16, 2018 by Michael Leave a Comment

Congratulations on becoming Forex trader! Your 10 basic lessons about Forex begin here. The lessons are explained in an easy to understand way. You will be taken, step by step, deeper into the topic and will be provided with the knowledge you need to become an advanced trader. Content: Lesson 1 – Believe in Yourself … [Read more…]

How to set Take Profit correctly

April 30, 2018 by Michael Leave a Comment

Closing the position is often more important than entering it. We all constantly hear about the fact that you cannot trade without stop losses, but at the same people pay too little attention to the Take Profit order. It’s time to correct this mistake. In today’s material we will talk about the importance of Take … [Read more…]

Trader’s Diary – should I have one?

December 27, 2017 by Michael Leave a Comment

Hello, fellow forex traders! Today we will talk about such a thing as the Trader’s Diary. This is an important element of success that can become critical on your path. Today we will talk about why we need a diary, about the so-called hindsight bias, about what types of diaries exist, which ones are better … [Read more…]

Graphical analysis on Forex – what is it?

December 18, 2017 by Michael Leave a Comment

As you know, about 90% of the information about the world around us is obtained with the help of vision. At the same time, huge work on correcting errors of different levels of perception is done at a subconscious level, and we are aware of the already processed data array. In some cases, this can … [Read more…]

Psychological Price Levels

December 13, 2017 by Michael Leave a Comment

Greetings to all visitors to our Forex portal! Today we will talk about the psychology of the crowd, the price levels that attract the bulk of traders, and what we do with all this – at what levels to pay attention to and how to properly place orders for entering/exiting the market. And, I will … [Read more…]

How to apply Elliott Waves in Forex

October 30, 2017 by Michael Leave a Comment

Good afternoon, fellow forex traders! Today, by your request, we’ll talk about Elliott Waves. A long time ago in a distant America lived a man called Ralph Elliott. Analyzing the market on long winter evenings, he developed the concept of the fractal nature of the market. Several generations of traders have changed, but his theory … [Read more…]

Why does the price turn around after my stop loss?

October 9, 2017 by Michael Leave a Comment

Hello, fellow forex traders! Today, we will discuss one rhetorical question, which often arises both for beginners and for quite experienced traders. This question sounds like this: “Why, as soon as my stop loss triggered, the price reverses?” Why is this happening, does the market see where you place your orders, and why it knocks … [Read more…]