Although forex market is available 24/5 and theoretically you can trade all the time, there are certain days and hours where all the markets tend to have more action. So instead of turning into a sleep-deprived-pip-thirsty zombie, it makes more sense to carefully choose the time to trade and the time to rest.

Market Hours

The forex market can be devided into 4 major trading sessions:

· Sydney

· Tokyo

· London

· New York

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We all know that money management is crucial in live trading. In case of a fatal mistake, money management can literally save your account from being wiped out clean. What is the right way to control your assets? How should you trade in order to minimize the possible losses?  Are mini accounts helping beginners, or in fact are actually discouraging and more risky? Read more...

Selecting the correct day and time to trade can play a major role in your forex success. Although forex market seems to be available 24/6, not all the days of the week will bring profits. A trader not only has to choose the right day to trade, but also know the best hours. When not to trade? What is the absolute best time for forex? When can you get most earnings? Read more...

You are a new forex trader, recently joined the game. The most common way to start practicing forex is to open a demo account, where you can practice your strategy with virtual money. How long should you trade with demo account before switching to real cash? Is it necessary to open a demo account or you should just jump in? Do demo accounts differ from one broker to another? Read more...

Practicing is over! You have done well with demo account and you have a fair understanding of forex, money management, charts and emotions involved in trading. You finally made big change – switched from demo to real account with couple of hundreds. But for some reasons, things don’t go as smooth as you expected. Why are you getting stopped almost on every trade?  Why every insignificant retrace or movement takes you out of the game? Is the initial balance too small to handle the market dramas? Read more...

From the very beginning of your forex career a term Risk/Reward Ratio will be an important part of your trading strategy. The realization that every single trade you make contains a certain degree of risk will defend you from uncontrollable fears and panic attacks during the trading hours. This is when the risk management comes in handy. The best known way to figure out the risk you take is to calculate the risk-reward ratio. What is this ratio and how is it determined?  Read more...

Aside from forex trading, the word mini means something small and limited compared to others of the same type. This made me ask, is mini forex designed only for those who cannot afford to trade large? Is mini forex less dangerous when it comes to risking?  Read more...