Teach me to Trade Forex!
Forex FAQ

Following your gut in forex 
Q: Adding to Dana's post about trading depending on mood - I ALWAYS consult my gut feeling before entering a trade. It's never failed me.

Eva's ...

Strategy 
Q: Hey I'm 19 and I've been trying to develop a good strategy for a year now.

I've went through trading fibonacci patterns, gartley,etc and through ...

Hedging forex?  Not rated yet
Q: Do you know much about hedging in forex? Can you explain it please?

Eva says: Hedging is something you would need to discuss with a broker.

I ...

How do I LEARN to trust my gut in Forex?  Not rated yet
Q: A guy wrote about trusting his gut, how do I learn to do that? At the moment, my gut tells me nothing - I flip a coin if I can't make a decision.

Eva ...

Journal and moods for forex   Not rated yet
In response to your trading journal suggestion - I take this a step further. If the market is going up and I feel "up", I will trade. If the market is ...

Forex journal  Not rated yet
Thought I'd share my personal trading tip - before and after each and every trade, document how you are feeling. Even if it's just a scale of 1 for terrible,...

Forex machine  Not rated yet
Q: To trade forex, do I need to become a machine?

Eva says: I do not align with the 'detachment' school of thought with trading. I believe that,...

Drawing support and resistance lines  Not rated yet
Q: When drawing a support or resistance line, do I draw it from the top or bottom of the wick? I read somewhere that you have to use a line graph and ...

I've hit a forex trading wall  Not rated yet
Q: I was on such a roll and I got too big for my boots I guess. I've been on a losing streak for the past 10 days. Any advice?

Eva says: I think ...

What qualifies you in forex trading?  Not rated yet
Q: I think you're a trader, just like me - what qualifies you to set up this site and tell people how to trade?

Eva says: Yes, I'm a trader... just ...

Is there a quicker way to make money in forex?  Not rated yet
Q: Your strategy seems very time consuming - Is there a better way?

Eva says: Oh yeah, there are other, quicker ways... for example, forex robots ...

Really - does any strategy actually work?  Not rated yet
Q: I've read your strategy from start to finish, as well as many other strategies that are out there on the internet... both free and paid... Looks like ...

Staying motivated while forex trading  Not rated yet
Q: Trading has such a high fail rate, and many times I just feel like I'm getting nowhere with it... How do you and other people stay motivated?

Eva ...

Stop-loss orders  Not rated yet
Tarnya says: This is less of a question, and more of a comment. Can I just say that stop-loss orders are vital and pivotal for every single trader out ...

Let's be real here...  Not rated yet
Q: 99.9% of people get into forex trading to make money.

I'd even go close to saying that 100% of people want to make money. So why do you say stuff ...

Balancing trading and lifestyle  Not rated yet
Q: I'm a busy mother... how on earth do I fit trading into my schedule? It seems like such a huge time-suck...

Eva's response: I like that word....

What are the best indicators?  Not rated yet
Q: What are the best forex indicators to use? I've heard of trendlines, fibonacci and elliott wave, but what is the best?

Eva says: Hi Drew. I ask ...

How many pips per week?  Not rated yet
Q: Hi, how many "pips" should I be aiming for each trade, and indeed, each week?

Eva says: Well, aim for as many pips as you can per trade. If the ...

Am I just a loser?  Not rated yet
Q: I'm still only relatively new to forex trading, but I have lost a LOT of money so far. Does anyone succeed in this? Seriously?

Eva says: This ...

Forex robots  Not rated yet
Q: So let me get this correct... in order to be a successful trader, I need to switch off my emotions and trade like a robot? Why don't I just buy a ...

What is the best forex demo account?  Not rated yet
Q: I'm new to forex trading and I feel ready to give my new skills a go with a demo account. Who do you recommend?

Ed says: You're in the United ...

There's so much forex trading info - what's real and what's not?  Not rated yet
Q: How do I know what's real out there? There's so much info on forex trading and I don't know who's real and who's just out to make a quick buck..

Eva ...

How can I build wealth in Forex?  Not rated yet
Q: How can I build wealth in Forex and how long will it take?

Eva says: Assuming you're well educated about forex trading and the forex market, you ...

Question from an old horse  Not rated yet
Q: I've been trading a few years. I do the right things, I keep up with my education and I stick to my strategy. But I just feel, well, stale. Do you ...

Believing in myself  Not rated yet
Q: Do you need to 'believe in yourself' to win at forex trading? Because I'm having a hard time believing in myself when I lose all the time.

Ed ...

I want to quit work and trade forex  Not rated yet
Q: But is forex just like another job? Will I end up hating that too?

Eva's response: Reading your question right now, it looks like.... yes. I ...

When is it time to give up trading?  Not rated yet
Q: I just don't seem to learn. I keep going into trades, then I get excited, then worried so I pull out early only to find that the market then springs ...

What is forex trading discipline?  Not rated yet
Q: I heard that you need to be 'disciplined' when forex trading, what does that mean?

Eva says: Trading is an activity that involves risk. There ...

Confusion with trading  Not rated yet
Q: I'm going to stay anonymous because this question makes me sound a little stupid. Do you ever get lost when you are trading? Sometimes I find the ...

How much time does forex trading take?  Not rated yet
Q: How much time do I need to devote to trading each day? Would 30 mins cover it?

Eva says: Once you've completed your education, decided on your ...

What is the main reason people lose money in forex?  Not rated yet
Q: Why do so many people lose so badly in the forex market?

Is it money management? Greed? Fear? Trading too often? Trading too many lots? Bad strategy?...

Controlling the forex market  Not rated yet
Q: The foreign exchange market has it's own mind and 90% of people who try to trade, fail. Why would I bother learning and practicing when in the end ...

Going from demo account to live account  Not rated yet
Q: When will I be ready to go from a demo forex account to a live trading account?

Eva says: Set yourself a reasonable goal, and when you've achieved ...

Making a reasonable amount of money in forex  Not rated yet
Q: What do I need to do to make a reasonable amount of money in forex?

Ed says: You need to get your trading strategy sorted out, and trade regularly,...

Is it realistic to actually win at forex trading?  Not rated yet
Q: Is it realistic to actually win at forex or am I wasting my time?

Eva says: I'm not sure where you're at in your trading career Lance, but I'...

How do I make money in Forex?  Not rated yet
Q: How do I make money in forex?

Eva says: Wow - broad question. To answer it in the most useful way, I'll point you to a couple of pages on this ...

Forex brokers in India?  Not rated yet
Q: Who is the best forex broker in India and it is legal to trade in forex market for Indian residents?

Ed says: Hi Manoj, the potential for forex ...

What is the best time of day to trade?  Not rated yet
Q: What is the best time of day to trade?

Ed says: Well, that depends where in the world you live. Use this list of forex trading hours.

Of ...

How do I know when to place a trade?  Not rated yet
Q: How do I know when to place a trade?

Ed says: There are a number of methods that traders use to determine when to place a trade.

Some use ...

What sort of returns can I expect on Forex?  Not rated yet
Q: What sort of returns can I expect on forex?

Eva says: Depending on your initial investment capital, how often you trade, and your win/loss ratio ...

Why should I invest in forex?  Not rated yet
Q: What are the benefits of investing in forex over other strategies, for example stocks and shares?

Ed says: To answer your question, we need to ...

What is forex trading?  Not rated yet
Q: What is forex trading and how can I do it?

Ed says: You've come to the right place Andy. This site is a completely free forex course. It takes ...

How do I make a trade in the Forex Market?  Not rated yet
Q: How do I make a trade in the Forex market?

Ed says: I'm trusting you've educated yourself on the pitfalls of forex trading Mike - if you spend ...

Is forex trading a scam?  Not rated yet
Q: My friend tried currency trading and he lost - big time. Why are you making this out to be something good when it's not?

Ed says: I'm sorry to ...

Question about Mallet formation  Not rated yet
Q: You talk about the mallet signal - where do I find this signal? Is it free?

Ed says: The mallet signal can be found on any forex trading chart ...

Forex looks interesting  Not rated yet
Q: What's the catch? How much do I need to invest?

Eva says: Whoa! Hold your horses there Trevor... Forex trading is a process, that is, it's a ...