When combined with the Chinese traders in the DailyFX transaction process of the new work, we try to make them aware of the use of various trades and industries the importance of the protection station. To identify and limit your risk is th...Read More>>

We always recommend to new traders taking the Daily FX Course to use support and resistance as one method to help time their entries and exits. One of the best tools for determining support and resistance is a trend line. A test of a trend...Read More>>

When we start one of our DailyFX Trading Courses, we ask new students to introduce themselves and let us know a little bit about their trading interests. If you take their explanations at face value, you would be surprised at what you hear....Read More>>

There are many differences between new traders and professional traders. But many of them have little to do with their expertise of the markets and more to do with their own actions. As a DailyFX Course instructor, I get many emails from st...Read More>>

After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back. However, this is when many new traders can get themselves into trouble. One of the keys to long-term success is to sho...Read More>>

I recently received an email from a new trader who found himself in a losing trade and didnt know what to do. He had a standard account with a balance of $2000 and sold 10 lots of a currency pair where the value of each pip in each lot was...Read More>>

After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop. The difference between the entry and the protective stop is your risk and represents what you are willin...Read More>>

Which moving average is better, the Simple Moving Average (SMA) or the Exponential Moving Average (EMA)? This is the type of question I get every week from new traders who have found all of these new tools at their disposal and start the pr...Read More>>

One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time. An example would be to buy a new 10-day high to enter into a trade in a...Read More>>

This Friday, December 4th, at about 830AM Eastern, the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance to profit handsom...Read More>>