Category Archive For "For beginners"
Strategies for Forex Traders with Day Jobs
Strategies for Forex Traders with Day Jobs There are very few people that can trade forex full-time. Traders who must make their trades at work, lunch, or at night discover that in such a volatile market, trading sporadically over a small portion of the day results in missed opportunities to buy or sell. These missed …
Long-term versus Short-term Trading
Long-term versus Short-term Trading | Pros, and Cons Explained Forex trading is suitable for both long-term and short-term investment goals. The decision to trade forex long-term vs short-term is ultimately yours. Both short-term and long-term trading in forex has pros and cons. Understanding the market and following your financial objectives is the best way to …
Trading Based on Economic News
Trading Based on Economic News | Indicators to Follow Many short-term traders base their decisions on the market solely on technical analysis and price charts. Traders frequently disregard fundamental factors for price trends, analyzing support and resistance levels, and weighing various signals from technical indicators. On the other hand, fundamental analysis is vital in today’s …
Top News Websites for Forex
Top News Websites for Forex in 2022 If you are a forex trader, you are probably aware of how much global events and news impact the forex market. It will undoubtedly disrupt your trading plan, but if you learn to trade the news in the right way, you can succeed in the forex market. There …
When to move from demo to live trading forex
If you’re a new trader who has discovered a profitable trading strategy, deciding when to begin live trading might be difficult. Since most novice traders compare themselves to others, they spend too much or too little time on demo accounts. While shifting from a demo to a live account, one can reduce costs by receiving …
Daily Trading Routines
Traders participate in financial markets by trading stocks, futures, forex, and other securities and closing out positions to make small, frequent gains. There are various types of traders, just as there are many types of investors, ranging from the small, independent trader to the institutional player who trades hundreds of millions of dollars worth of …
Books every forex trader should read
If you’re interested in Forex trading, it’s important to read up on the topic before getting started. Usually, we aren’t taught much about Forex in school, and we have to learn about it ourselves. That’s where books come in. Books can provide us with the information we need to get started in Forex trading and …
How to Choose the Best Forex Broker for You
Everyday more than four trillion dollars is traded with foreign exchange market accounts like forex, making it the biggest financial market in the world. Since there is not a central marketplace in the forex market, most traders need to have a forex broker to conduct most trading activities. As the amount of forex brokers is …
Here is why you should have a proper trading plan
Succeeding in the forex market means you need to have a trading plan in place. This is why a good forex education program is so important because usually it teaches you how to pick the best strategy which fits your needs and personality the best. There are a lot of platforms with free trials and non-expiring …
5 Tips to Become a Professional Forex Trader
Trading can result to large losses to any undisciplined and inexperienced forex trader. Even though, forex trading is relatively easy. It involves exchanging one currency for another. However, you need to have discipline and skills to become a professional trader. You also need to choose the right forex broker to help you in your journey. …