What to trade on forex
The mechanism of exchanging one currency for another, or converting one currency into another, is known as forex currency pairs trading. Due to time zone differences, the forex market is open for the majority of the business week, as opposed to stock trading. Effective trading may become a more viable option for people who work …
in For beginners, Forex, Tips
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 …
in For beginners, Forex, Tips
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 …
in For beginners, Forex, Tips
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 …
in Forex, Risk management, Tips
Basics of Forex Trading Psychology
Successful forex traders understand how to manage and remove their emotions when trading. This result is achievable through overcoming greed, habitually employing risk management strategies, and following a consistent trading plan. However, identifying moments of emotional trading and detachment that ring back into an approach might be challenging to achieve. Let’s dig deep into …
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 …
in Forex
Forex Versus The Stock Market
The most popular global market currently is in Forex and stock. Before you start trading, knowing what works for you and what does not is essential. You must be well informed of your trading strategy and risk appetite. Both have many historical transactions, educational resources, and volatility. The market you wish to engage in solely …
in For beginners, Forex
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 …
in For beginners, Forex, Tips
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 …