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Until recently, forex trading inspired fear and mistrust for many people not familiar with the financial industry. The “day-trading Australia” crowd are not very vocal about the benefits they enjoy, so trading is still quite overlooked (as either a full or part-time activity) for the vast majority. But all of that is changing. Not so long ago, trading opportunities that came with currency-pairs and stocks were only available to big businesses and fat cats in suits working in glass tower offices. Anyone who wanted to trade full-time needed a specific education. Because of that, people still believe that a day-trader needs a financial degree to make money trading the markets. Let’s be clear, to trade the global markets you don’t need previous experience in finance. Trading is an opportunity that exists for just about anyone these days, and it has gained popularity year by year. Thanks to advances in personal computing and internet connections, the global market is readily available to anyone with a credit card or eWallet. And, with the creation of mobile trading apps, trading has become more than just a chance to make money from home. Whether part-time or full, being a trader has become an exciting activity and opportunity for many people. These traders check the markets and place orders daily, and they enjoy this unlimited access anywhere, anytime. And the best part about getting started these days is that you can practice risk-free on a demo account. After a while, once your confidence level rises, you can trade at increasingly higher levels, all the while keeping within a budget that matches your financial situation and future goals. Too good to be true?

Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits along with precise entries for the trader who uses patience to their advantage. One of the great things about this type of wedge pattern is that it typically carves out levels that are easy to identify. This makes our job as price action traders that much easier not to mention profitable. Let’s start by defining the characteristics.

Trend following trading strategies are often the most successful trading strategies to use. As a beginner, they are the best strategies to follow because they are often easy to implement. By using them you can also learn how the market works and make a profit as well. Many traders, beginners and professionals alike, rely on trends. Some even say that you can make a living off just one pattern, that is if you know how to use it. This doesn’t mean though that trend trading is always easy though. You may have heard the phrase ‘the trend is your friend’. However, there is another phrase which is also true; “The trend is your friend until the end when it bends.” Wise words from professional trader Ed Seykota.

I’m guessing you’re interested in trading because you want to break the shackles of your 9 to 6 job. Or maybe you want to generate another source of income so you can be financially secure. Whatever the case is, trading gives you hope. The hope that you can be financially free and better provide the needs of your family. However… Hope isn’t enough if you don’t know what you’re dealing with. So, are you ready to learn the truth about trading and hopefully, make it work for you? Then read on…

Forex candlestick patterns are a popular tool to analyse price charts and confirm existing trade setups. They have been used for hundreds of years by Japanese rice traders and have made their way to the West through Steve Nison’s books. In this article, we’ll cover what Forex candlestick patterns are, how they’re formed, and how to trade on them.

What Is a Hammer? Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (inverted hammer is the mirr...

If you read this article, I’m sure you have gone through the early stages of the trading “career”. There was a time when you were a beginner in OctaFX -. Now looking back, it is so funny and dumb because of making money without understanding the reason. You can say, at that time, your profitability is the best. Do you believe it? You didn’t even know how to use an indicator, how could you make a profit? You make a big mistake. At that time, you were very careful with each trade and complied with the entry conditions of the strategy you had chosen. Such carefulness helped you get the first few wins, though not so big. However, it didn’t last long. Time made you lose your original good habits. In today’s article, we will discuss the reasons why new traders trade better than the old ones. Let’s follow it up!

Are you set for life? Do you already have a passive income or a plan to finance your retirement? The days of state pensions are long gone. Just how would you pay for “life” if you stopped working tomorrow? How long could you last? And what would you do with that free time? For most of us, it’s a ‘work till we drop’ world. It’s up to us to find a little gold for our golden years, but how much do you need to retire without worries? Not so long ago, the magic number was $1 million. Reaching millionaire status by forty was once considered a ‘set for life’ situation for most people. Nowadays, that number is more like $5 million.