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Forex Minute Blog

How to Spot Forex Reversal Signals

By Jonathan Millet

How to Spot Forex Reversal Signals

When watching price action, traders are mindful of forex reversal signals, which would allow them to catch big price moves in a single direction. Tops and bottoms can be identified using various methods and analyzing forex trading charts before a trader takes a swing position and takes advantage of the whole price move. Ways to [...]

Reducing the Effect of Emotions on FX Trading

By Jonathan Millet

Reducing the Effect of Emotions on FX Trading

It is important for every forex trader to be able to manage his or her emotions so as to not interfere with FX trading decisions. Oftentimes, the certain emotions that are felt while trading can cloud the trader’s judgement and prevent him or her from seeing the situation clearly. The most common human emotion encountered [...]

Why You Need a Complete Forex Trade Journal

By Jonathan Millet

Why You Need a Complete Forex Trade Journal

Forex trading experts achieved success in this endeavor by making use of a complete forex trade journal. Aside from keeping track of your ideas and profits, you should also monitor your risk management decisions and manage your emotions by including these in your trade journal. These components make a trading journal complete and useful. Parts [...]

Attaining Foreign Exchange Trading Expertise

By Jonathan Millet

Attaining Foreign Exchange Trading Expertise

Foreign exchange trading psychology books often talk about how expertise in the trading sense is not an inborn trait but a process of development. In particular, most psychology articles mention the work of Benjamin Bloom, Ph.D., who conducted a study on the three important stages of building elite performance. In his study, Bloom interviewed several [...]

Make Your Own Foreign Exchange Trading Plan

By Jonathan Millet

Make Your Own Foreign Exchange Trading Plan

When you are trading in the forex market, you need to have a foreign exchange trading plan. A solid foreign exchange trading plan will contain rules on entries and exits of trades, the amount of your account that you will risk in each trade, and potential adjustments under different scenarios. With a good trading plan, [...]

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