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A number of books that helped me guide during my forex trading journey are: Trading in the zone by Mark Douglas The Black Swan by Nicholas Taleb

Candlesticks are extremely important and are used for spotting the movement in prices. The best candlestick in my opinion is the evening star that is formed at the end of an uptrend. A bearish candlestick, this is a reliable technical indicator and is used by all technical analysts to predict...

Indicators are definitely worth the time and effort you put in analysing them. These mathematical tools aid in analysing and monitoring open price, high, low, closing price and volume etc. Graphical representations, these help the traders spot the dominant trends and price reversals in the market.

I think most people choose to trade forex because they find it very lucrative, but not all of them succeed. Success in forex trading is premised upon how well you absorb its concepts, how hard you practice and how good your strategies are. The combination of these will result in desired results.

Most people don’t succeed in trading because they come with a motive of making extravagant money overnight. Trading is not some ‘get rich overnight’ scheme, but it is based on knowledge and strategies. Those who learn the concepts of forex trading create smart strategies, which are used to make...

Whether it’s about trading forex or any other financial market, always have a trading plan. Not only lay down the rules for identifying the potential trade setups and entry points but also have the idea about the points at which you’ll exit for profit or even a loss. Most oftenly profits entice...

I am also guilty of taking snap trading decisions in the past and it goes without saying that I only lost my money because of that. So it's not only important to know when to enter or exit a trade but it’s more important to have the patience to sit on your hands till then. The ability to control...