We learned all about mechanical trading systems in the School of Pipsology. We even learned how to design and build our own forex trading systems. But like men, not all mechanical trading systems are created equally. Some systems, called trend-following systems, do a better job at catching strong directional moves, while others, known as mean reversion systems, are better for spotting probable currency pair reversal points….
Some forex traders live and die by technical indicators while others couldn’t care less about them. Some rely heavily on their own fundamental or technical analysis while some like to let robots do the thinking. This test is designed to help you determine whether your personality suits discretionary, hybrid or mechanical (automated) trading. Take the results with a grain of salt….
Are you a noob struggling to make sense of all the seemingly complicated trading concepts? Or are you an expert trader searching for bigger challenges? There’s an overwhelmingly large amount of information out there and we don’t want you to get lost! That’s why we decided to come up with this quiz that will help…
Each currency pair is unique. As Dr. Pipslow said about finding your trading niche, each set of currency pairs has its own behavioral tendencies that set it apart from the others. It is important to match your personality with the behaviors of the pairs you trade. We already talked about the majors, the comdolls, and the crosses in…
During Junior Year in the School of Pipsology, we learned that each forex trader is unique and that various trading styles fit different types of personalities. If your personality doesn’t match your style of trading, you could wind up hurting your account AND your ego. This quiz can help you find out whether you are better…
So what have we learned? Scams ARE real! Yes! Really bad people are out there trying to make a dishonest living. However, unlucky for them, you are smart! You know that the only way to succeed in currency trading is to learn from square one and gain trading experience! Now say this three…
UK: The FCA and PRA If you live in the U.K., the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are for you! On April 1, 2013, both of these agencies replaced the Financial Services Authority (FSA) as the financial industry’s regulatory bodies. The Financial Conduct Authority is a non-government agency funded by the firms they regulate,…
Despite the forex market is the largest financial market in the world, it remains largely unregulated. There is no international organization or global agency that monitors and oversees the currency trading occurring all over the world in the interbank. Due to the unregulated nature of the spot FX market, this opens up the opportunity…
Watch out for forex broker scams! Believe it or not, there are some brokers who “cheat” their clients. One way they do so is by manipulating bid/ask spreads. Normal spreads between brokers would be around 2-3 pips but scammers would have spreads around 7-8 pips. Seven pips might not seem like a lot, but…
Forex signal services do everything a robot does except the actual execution of trade entries. Besides possibly using an automated program, a “professional” trader may generate trading signals (for a fee, of course) for clients to act upon. However, you may be paying for a signal in which you do not know the rationale behind each…