Pivot points are support and resistance levels which can be broken or can reject price. A break of a pivot suggests that the other side of the market is starting to gain strength

Trading the news is not crazy at all but it can be devastating for your account when the impact on a currency pair is not the one you have anticipated.

I’m not trying to mess with your mood, I am just being a realist – forex is hard as you probably know already so you have to find what works for you. This article we are going to focus on some indicator flaws, or in other words – indicators that might get you broke

No matter what, you should always start your trading career with a Demo account. Yes, forgetting the demo account could get you broke, because practice wins and those who train well take the glory. So keep reading to find out the reasons why a Demo is a must.

you’re in luck because today we are going to talk about forex broker scams: how to avoid getting scammed by brokers. The things I’m gonna talk about are not 100% bullet proof but doing them is definitely safer than not.

No matter what type of trader you are, you should consider the higher time frame your compass, your beacon in the dark… if you look at only 1 TF you cannot see that price is approaching entry price, hence you cannot confirm the trend. Bamm, account gone!

If you are new to trading, get a demo account and play with your MT4, learn what the buttons do, read this article again and don’t be afraid to use the Comments section to ask questions about features that weren’t explained here.

The mistake I am going to talk about has to do with my eagerness to start trading; basically the first FX broker that called me over the phone convinced me to invest. Why is that wrong? Read and find out, else go broke!

When it comes to Forex you’d be amazed to find out how many things are the opposite of everyday life. In Forex, “early” doesn’t necessarily mean better and later is sometimes the desired state. Another factor you need to learn or go broke!

Assuming that you are going to open a Forex account, trade on Demo for a couple of weeks and then you are going to hit it big is naïve to say the least. Yes, your Rich state of mind could you broke, oh so broke state of mid. Learn to Learn and Avoid Going Broke!

Retracements and Reversals could get you Broke! When your world goes upside down everything’s getting fuzzy and before you notice, your account goes begging. You won’t be able to avoid all issues, but that doesn’t mean you won’t make money. Unless ofcourse, you don’t read.

Why Thinking that Forex Trading Is Cool could get you Broke? For me it’s not a glamorous job and it is definitely not the mainstream “cool” stuff. When I started trading I felt cool. I admit it now and I am not proud of it. Here’s a good and cool reason to get broke (:

Why Trusting the Signal Providers could get you Broke? Forex signal providers fall into 3 categories: Scam, Suck and OK. Now even the OK signal provider could not be trusted completely. Want to know why? You know what to if you want to avoid going broke!

Have you ever tried looking just 5 centimeters in front of your shoes when walking down the street? The information you can use is limited and this affects your decision making. Multiple Time Frames comes to solve that problem, however you might get broke along the way.

Re-depositing is not a huge mistake by itself, but the circumstances must be right and the reasons for doing so must be carefully assessed. SO, Why Adding More Money to Your Account could Get you Broke? Here it comes, learn to avoid!

There was a time when I didn’t do the same with my Forex account. I needed my money fast. Dangerously fast. Once I’ve stopped thinking about getting rich quick, I was able to make much better trading decisions. Learn to avoid the rush, and you might just make better decisions!

If It Ain’t Fast Enough, It Ain’t Good Enough – Wrong. The Japanese have a proverb: Sit on a rock for three years if you want it to get warm. The meaning is more or less: perseverance will get you to your goal and you shouldn’t expect it to be achieved immediately.

I know it’s a tedious job to read the entire document but doing so will save you a lot of headache. Simply taking the time to read your broker’s T&C will get you out of unpleasant situations and will benefit you in the long run. Learn to avoid going broke!

Nothing was good enough. I felt I needed to improve something and I was constantly thinking there’s a better setting to find. In a way I was right, but the thing I needed to improve wasn’t the strategy, but my mindset. Took me long enough to figure out this silly pong game I was playing with myself

Ask yourself this: “If it’s so easy, why isn’t everybody on the planet trading Forex?”. Because it’s not easy and it requires a lot of commitment. You simply cannot afford to be lazy, or you really want to blow out your account?

Unless you just started trading 2 days ago, you must have heard about the latest Swiss National Bank (SNB) tornado. Here I will show you my way of protecting my money against such an event and help you avoid going broke in similar crises

It was another Thursday and I was in front of my charts as usual, looking for trades, good old boring parameters. Little do I knew about what’s going to happen… Breakdown of the events and a reason why you need a broker with negative balance protection.

Few guys go like: Leverage is Bad, Leverage is Evil and it’s always destroying your account. Don’t use Leverage. The mainstream opinion is “Keep it low” so you don’t get burnt. Mine is a bit different and I will try to lay it out for you.

If your account is in the red and you feel you need to trade to make back the losses, don’t… just don’t. When you Trade Forex Too Much… Things can go rather, nuts. Forex is why im broke helps you get better! Maybe it’s about time you do other things than trading Forex

Now about Flying Pigs… well, have you ever seen one? I sure haven’t… Chasing the Holy Grail could get you broke sooner than you think. There are only 2 possible explanations: they don’t exist or they know how to hide really well

There’s one thing that you need to understand right from the start of your Forex journey – you are your worst enemy… or at least you can become one if you lack discipline. When it comes to Forex, enemy means empty account