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:}
How to Measure a Trading System? – Ratios to assess your performance and risk
When you design a trading system, or you are looking to buy an automatic robot on the market, you must make decisions according to your preferences. The first thing you should ask yourself is: what [...]
Forex Currency Correlations Explained – Definition and Uses
Have you ever noticed that when a certain currency pair rises, another currency pair falls? Or that sometimes when one pair falls, another pair seems to copy its movement and falls too. If the answer [...]
Bullish Harami Cross Candlestick Pattern
Definition and identification The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that a change from bearish to bullish trend will occurs. This [...]
Trend Continuation Patterns in Technical Analysis
In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis such as basic concepts, description of trend continuation formations, and [...]
Binary Options on Currencies
In recent years, in the community of financial markets many traders of all types (large and small) have chosen to trade with currency pairs in the Forex market for various reasons. Part of the appeal [...]
Market Facilitation Index (MFI) Indicator – Interpretation & Signals
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 [...]
Fractal Adaptive Moving Average (FRAMA)
The Fractal Adaptive Moving Average (FRAMA) is an adaptive and intelligent moving average developed by John Ehlers. It takes into account and gives higher priority precisely to price changes and closely follows the price when [...]
Bullish Harami Cross Candlestick Pattern
Definition and identification The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that a change from bearish to bullish trend will occurs. This [...]
Trend Continuation Patterns in Technical Analysis
In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis such as basic concepts, description of trend continuation formations, and [...]
Expanding Triangle – How to trade with this price pattern?
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 Pattern – Trend continuation chart pattern
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 [...]
Evening Star Candlestick Pattern
The Evening Star candlestick pattern is a highly reliable trend change formation that occurs in bull markets and indicates that there is a high probability that the price will change from bullish to bearish trend. [...]
What is a K-shaped economic recovery?
The outbreak of the COVID-19 pandemic brought an unprecedented slowdown to the world economy. Now, economists wonder what kind of economic recovery awaits us. With COVID-19 spreading around the world and much of the world’s [...]
Effects of Macroeconomic Events in the Forex Market
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 [...]
Personal Income and Consumption Index Indicator
General definition The Personal Income and Consumption Index is a report from United States that includes both personal income and consumption expenditures from all sources. This is a monthly figure, which always refers to the two previous [...]
Economic Cycle – Concept and Definition
The economic cycle is a series of phases that the economy goes through and that happen in order until reaching the final phase in which the economic cycle begins again. Each cycle goes through periods [...]
Economic recession – Definition and Concept
A recession is a decrease in economic activity over a period of time. Officially, a recession is considered to exist when the GDP variation rate is negative for two consecutive quarters. It is also known [...]
Monetary Policy – Definition and Types
Monetary policy is the discipline of economic policy that controls monetary factors to ensure price stability and economic growth. It brings together all the actions that the monetary authorities (central banks) have to adjust the [...]
Forex Education Articles
Fractal Adaptive Moving Average (FRAMA)
The Fractal Adaptive Moving Average (FRAMA) is an adaptive and intelligent moving average developed by John Ehlers. It takes into account and gives higher priority [...]
How to Measure a Trading System? – Ratios to assess your performance and risk
When you design a trading system, or you are looking to buy an automatic robot on the market, you must make decisions according to your [...]
Forex Currency Correlations Explained – Definition and Uses
Have you ever noticed that when a certain currency pair rises, another currency pair falls? Or that sometimes when one pair falls, another pair seems [...]
Bullish Harami Cross Candlestick Pattern
Definition and identification The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that [...]
Trend Continuation Patterns in Technical Analysis
In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis [...]
Binary Options on Currencies
In recent years, in the community of financial markets many traders of all types (large and small) have chosen to trade with currency pairs in [...]
Market Facilitation Index (MFI) Indicator – Interpretation & Signals
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 a K-shaped economic recovery?
The outbreak of the COVID-19 pandemic brought an unprecedented slowdown to the world economy. Now, economists wonder what kind of economic recovery awaits us. With [...]