Forex Education Articles for Beginner and Experienced Traders
The main objective of Forex Dominion is to educate all those interested in Forex trading about the most important aspects to succeed investing in the currency markets. Undoubtedly, the Forex market offer excellent opportunities to obtain high incomes in a short time, but it also entail significant risks that must be taken into account. Therefore, it is essential to have a deep knowledge about the markets, especially about the currency pairs in which we trade, in order to have a clear picture of what we can or can not expect. Many people get carried away by the promises to earn a lot of money in a short time, which are mainly used by brokers and other related companies that seek to attract new customers eager to invest. However, the reality is that many people who open a trading account in a broker specialized in Forex trading end up losing their money in a short time because they believe that everything comes down to buying and selling when the reality is something more complex.
The fact is that like in any other occupation in life, trading requires study, practice and patience. It’s not just about opening an account and becoming a millionaire overnight. The most successful traders, usually are studious people who are dedicated to learn everything related to what is for them, their modus vivendi. They are people who study the market, know it deeply and master all aspects that can influence their chances of success. Some even spent months and even years learning about the market before risking their money without further consideration.
Therefore, it is clear to the naked eye that education in trading is basic if we want to have any chance of success as traders, whatever the market in which we are trading, be it the Forex or the stock market for example. For example, we can have the best trading system, but if we do not have the right psychology or a good money management plan, in the long term we will end up failing.
The lack of education of many beginning traders is evidenced by the simple fact that most traders do not know that a money management plan is essential if you want to stay alive in the market. In fact, a good trading strategy without a good money management plan is less likely to succeed than a regular trading strategy without a sound money management plan. It’s that simple!
Therefore, much of the educational content of this site focuses on basic aspects related to trading, mainly the following:}
The Market Facilitation Index (MFI) is a technical indicator developed by Bill Williams which analyzes the change in the price of a financial asset in connection with its trading volume, ie analyzing the change in price for each volume unit. In much simpler [...]
This is probably one of the most important articles for long-term success in trading that I have written so far. If I am not mistaken, this is the first time I have written about [...]
In this guide of the Forex broker Tickmill we will learn more about this company. Among other things, we will explain how to open a practice demo account with this broker and how to manage [...]
What is the expanding triangle pattern? The expanding triangle pattern, also known simply as expansionary formation, is formed during periods of very high market volatility, with many price oscillation and a not very clear trend. [...]
The rectangle is a trend continuation pattern and consists of a price formation in which demand and supply are apparently balanced for a certain period of time. The price moves in a narrow range where [...]
According to recent studies on a universe of tens of thousands of graphic patterns (27,000), the chance of a pullback occurring after a support breakout is approximately one in two. Going into more precise details, [...]
The creator of Andrews Pitchfork was an American named Alan H. Andrews, who based much of his thinking on cycles, especially Newton’s III Law applied to economics. This principle indicates that for each force acting [...]
The traders and investors that trades in the Forex market in the short term focus mainly on the most important economic news of the week and how they can affect the prices of different currency [...]
Forex Education Articles
The Market Facilitation Index (MFI) is a technical indicator developed by Bill Williams which analyzes the change in the price of a financial asset in connection with its trading volume, [...]
What is the expanding triangle pattern? The expanding triangle pattern, also known simply as expansionary formation, is formed during periods of very high market volatility, [...]
This is probably one of the most important articles for long-term success in trading that I have written so far. If I am not [...]
In this guide of the Forex broker Tickmill we will learn more about this company. Among other things, we will explain how to open a [...]