For those of you new to trading you may have not heard of this before. More seasoned traders have certainly used it in their currency trading strategies because it helps tremendously in making sense of the market movement. In my own trading it’s amazing how much I’ve used the patterns in developing a sense of where the support and resistance lines are likely to appear. If you haven’t guessed it I’m talking about using the Fibonacci sequence of numbers to determine the formation of retracements. It …

Candlestick charting is a favorite tool among the majority of traders. This type of charting is especially popular among forex traders.
Steve Nison popularized candlestick charting with his book “Beyond Candlesticks” in 1994. It was my introduction to Candlesticks and for some reason it helped me make more sense of the market behavior. I believe that it is one of the key areas supporting learning forex trading.
These were originally developed in Japan during the 18th century by a prominent commodity trader who used them to chart the fluctuations …

A forex mini account has a lower minimum capitalization requirement with your forex broker and it has less leverage. What does this mean? It means that you can get started with less money and less risk exposure. Here’s an example of how a mini forex account could launch your forex trading business: Imagine you placed a trade using a standard account and you made a loss of 20 pips (pips are a measure of price movement). Because your standard account is leveraged, your loss would be …

Many of us from time to time consider starting a home business to earn extra income. The reasons for starting the home business are varied, however, the majority reason is usually about replacing your day job. If this is you then perhaps a forex trading home business could be right for you.
Why should you consider a forex home business? A prominent reason is having the ease of being able to begin your trading business part time. Starting part time allows you to learn the business at …