risk

Why is Forex risky?

Forex is often label as highly risky and something of a gamble. And at AlpsSocial, we agree that it is extremely risky for amateurs, who lack the basic fundamentals and turn toward gambling.   The main problem with the amateur trader is that they all have this naïve mindset that you can make a lot of money in a short…
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How To – Select The Best Traders To Follow

Did you know you can follow and copy trades of fellow traders, on social trading platforms? This is common news. Now, did you know these traders aren’t ranked and rewarded in the same manner when using different social trading networks, which brings changes to their trading behavior? No doubt, this will bring difficulty to novice traders looking for an experienced…
profit-loss-risk

Why do most forex traders fail?

Most people start Forex trading with the expectation of making large sums of money within a short period of time. Something which even experienced traders struggle to achieve. This is due in part to the influence of numerous false marketing campaigns promising ridiculous rates of return within just 2-3 months. There are many reasons why a trade fails, but most…
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Your Trades Are NO Secret!

Every beginner trader dreams of beating the market. Of predicting trends before they materialise. Or concocting a winning formula that delivers a net profit every single time. Most of these remain simply as pipe dreams that never come to pass. But traders are human, and as humans we are compelled to find and create patterns everything we do. However many…
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Is There Another Way to Trade Pin Bars?

If we think about it, the process of trading isn’t quite as complicated. Strip it down to the most basic element of trading and you’ll know what this means. What is the most basic element in forex trading?     Trading essentially involves buying a security at a specific price, then selling the same at a higher price.   The…
Trading Chart

Price Action Patterns – All The Important Ones In One Place!

A lot of traders feel the concept of price action is elusive in its working even though it’s one of the most common trading strategies.   No two people analyze price action and its pieces in the same way! The reason behind this thinking is simple: price action is a purely subjective concept—a facet of analysis that is closely tied…
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Calculating Trading Expectancy

Do you enter trades with all guns blazing or do you meander just on the outside, calculate your trading expectancy and enter only when the odds are in your favor? Most traders don’t but there are so many reasons why you should calculate trading expectancy! Trading Expectancy - What Is It? In simple words, the average amount traders can expect…
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Losing Money In Forex Trading? Are You Repeating These Mistakes?

Why do major currency moves in trading cause big losses for the investor? Simply put, loss in trading is directly related to human psychology. There are some behavioral and thinking patterns that average traders (yes, even experts!) are guilty of repeating. Traders follow such thinking patterns almost subconsciously, which shows how deeply rooted these mistakes are in our psyche.  …
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Forex Trading: Make The Most Of Your Trade Journal

Knowing is half the battle. This quote undoubtedly applies the most to forex trading because traders will know what wrong strategy or outlook was used when entering/exiting a trade. This knowledge leads to trading technique and strategy adjustment which not only improves overall trading but also helps identify when not to enter a trade. Expert traders often keep a trade…
Idea Central

Idea Central (Weekly Commentary 19/03/2018)

Weekly highlight This week there’s multiple economic news focus around GBP, AUD and USD. US Federal Fund Rates and New Zealand Official Cash Rate on Thursday is another highlight of the week. First off we have G20 meeting that is likely to discuss regulation on cryptocurrency and US tariffs on steel and aluminium from March 23 onwards. Crypto are mainly…