Fx Killers

  Understanding the psychology behind forex trading is key to staying disciplined and profitable. In this article, we delve into the fascinating world of behavioral finance and explore how emotions and biases can affect your trading decisions. We'll also provide practical tips and strategies for staying focused, disciplined and in control of your trades. Whether you're a beginner or a seasoned trader, this article will equip you with the tools you need to succeed in the exciting world of forex trading. The way you think and feel about trading has a significant impact on your success. A disciplined and focused mindset can help you stay profitable in the long run.  Common biases that can affect forex traders: 1. Confirmation bias: This is the tendency to seek out information that confirms our pre-existing beliefs and ignore information that contradicts them. In forex trading, this can lead to traders only seeking out information that supports their trading decisions and ig...

Forex trading is a complex and dynamic financial market that has gained popularity in recent years due to its potential for high returns. However, many traders are still unsure about the basics of forex trading and the risks associated with it. In this article, we will answer 10 frequently asked questions about forex trading to help you understand the fundamentals and make informed trading decisions. 1. What is forex trading? Answer: Forex trading is the buying and selling of currencies in order to profit from changes in their exchange rates. It is the largest financial market in the world, with trillions of dollars traded daily. 2. How does forex trading work? Answer: Forex trading involves buying one currency while simultaneously selling another. Traders can profit from changes in the exchange rate between the two currencies. Currency pairs are quoted in terms of their bid and ask price, with the bid price representing the price at which a trader can sell a currency, and the asking p...

Forex Market Open Time in Mexico: A Beginner's Guide. As a beginner in Forex trading, understanding the market's opening and closing times is crucial. The Forex market operates 24 hours a day, five days a week, with different sessions overlapping at various times. In this article, we will explore the Forex market open time in Mexico and how it affects traders. Forex Market Open Time in Mexico The Forex market in Mexico follows the same schedule as the New York market, which is the largest Forex market globally. The market opens at 8:00 AM Eastern Daylight Time (EDT) or 7:00 AM Central Daylight Time (CDT) and closes at 5:00 PM EDT or 4:00 PM CDT. During the summer months, Mexico observes Daylight Saving Time, which means that the Forex market opens and closes one hour earlier than the Eastern Time Zone in the United States. The Forex market in Mexico is most active during the morning hours when it overlaps with the European and Asian sessions and during the afternoon hours when ...

If you're new to Forex trading, it's important to start with a demo account. A demo account allows you to practice trading with virtual money, giving you the chance to experience the Forex market without risking your own capital. In this guide, we'll take a closer look at Forex trading demo accounts and how they can benefit beginners. We will also look at How long should beginners use demo accounts before transitioning to live trade as well as common mistakes that beginners make when trading on a demo account. What is a Forex Trading Demo Account? A Forex trading demo account is a virtual account that simulates real trading conditions using virtual money. Demo accounts are offered by most Forex brokers and allow traders to practice trading strategies and test out different trading platforms without risking any real money. Demo accounts typically offer the same features as a live trading account, including live price feeds, charting tools, and news updates. Benefits of...

Forex trading is a lucrative opportunity that can provide financial freedom and flexibility. However, trading forex for a living requires discipline, patience, and a thorough understanding of the market. In this article, we will discuss how to trade forex effectively for a living.    1. Develop a Trading Plan A trading plan is essential for anyone looking to trade forex for a living. It should outline your trading goals, risk management strategies, and entry and exit points. A trading plan helps you stay focused and disciplined and ensures that you do not deviate from your strategy. By having a trading plan, you can minimize the impact of emotions on your trading decisions, and you can make informed and objective decisions based on your analysis. This increases the likelihood of consistent profits and reduces the risk of losses. 2. Practice with a Demo Account Before trading with real money, it is essential to practice with a demo account. A demo account allows you to test you...

Forex trading can be a challenging and complex activity, especially for beginners. However, with the right strategies and approach, it can be a profitable venture. In this article, we will discuss the best forex trading strategies for beginners. Best Forex Trading Strategies for Beginners: 1. Trend Following Strategy The trend-following strategy is a simple but effective way of trading forex. This strategy involves identifying the trend of a currency pair and trading in the direction of the trend. To identify the trend, traders can use technical indicators such as moving averages or trend lines. This strategy works well in a trending market but can result in losses in a range-bound market. You can learn more about this strategy here 2. Breakout Strategy The breakout strategy is another best forex trading strategy for beginners, it involves identifying key levels of support and resistance and entering a trade when a currency pair breaks out of these levels. This strategy works well in ...

In order to excel in day trading and become a successful trader, you need to acquire a thorough day trading education. You should not just jump into it but rather take your time to learn and master it before jumping straight to a real account. Reading Forex Trading books will provide you with an abundance of information and forex trading books are cheaper than trading classes and other educational materials that are sold.  Make sure you have filled your mind with useful information by reading as many books as you can on forex trading as well as on investing. 1. Forex Trading Foundation. Link:   Preview and purchase it here Best for:  Beginners. Author: Joseph Lynch Price:  $4.99 Joseph Lynch,  is a world-renowned educator, bestselling author, and also a professional trader who is dedicated to educating active investors and traders. Book Description The Forex Trading Foundation is a step-by-step guide to get you started in the Forex Trading world. This eBook cov...