The Forex Dream provides content for informational and educational purposes only, not financial advice.
The Forex Dream provides content for informational and educational purposes only, not financial advice.
A swap (also called a rollover fee) is interest paid or earned when you hold a trade overnight (past 5:00 PM ET). You pay or earn swap depending on which currency has the higher interest rate.
A free-floating currency moves up and down freely, based on what traders, investors, and central banks think it’s worth. In Forex Trading, free-floating currencies are what you trade daily: USD/CAD, EUR/USD, GBP/JPY.
In forex, there are 4 main trading styles based on how long you hold trades: Scalping, Day Trading, Swing Trading and Position Trading.
This trade journal is designed to help me track, review, and refine my swing trading strategy over time. Each entry forces me to stay accountable to my trading plan.
These affirmations are a daily reminder of who I am as a trader and the mindset I choose to operate from. They help me stay grounded in my trading plan, emotionally balanced, and focused on my long-term goals: consistency and financial freedom.
I’m trading a $100 live account, and my goal is to grow it to $1000 using a swing trading approach. (TFD Fibonacci Swing Strategy)
Don’t chase the market. Let the market come to you.
When I'm tempted to chase a setup, I remind myself that chasing a trade takes me further from the freedom I'm trying to build.
Correlation in forex measures how similarly or oppositely two pairs move. It ranges from:
+1.00 = move together (positive correlation),
-1.00 = move in opposite directions (negative correlation), and
0.00 = no clear relationship
If you don’t have a clear goal or setup, you’ll chase random moves and miss real opportunities. Clarity gives you Direction, without it, you're just gambling, not trading.