Forex News: With the release of employment data and with the impacts of the implications of the minutes of the FOMC meeting, the price action has become bearish for AUD/USD. The employment data is far from being impressive with a -27,000 or a total loss of 27 thousand slots in the job economy. This is […]
Forex News: AUD/USD Loses Bullish Stance after Release of Employment data Read More »
Forex indicators are ideally supposed to help traders make the difficult decision-making process in forex trading easy. These technical analysis tools are supposed to help them decide which currency pair to buy or sell as well as to determine entry and exit points for each trade. For the last 100 years, technical analysts have been
Which Forex Indicators should we use? Read More »
Among the most successful forex traders today trace their humble beginnings to trying it out with a forex demo account. At present, it is difficult to imagine any new trader heading straight to actual forex market trading without getting the feel of the live trading experience. The demo account becomes a very practical method of
Why Forex Demo Account shows Variations with Live Trading Results Read More »
If you are a dyed in the blood forex trader, you must have heard of the 2:3 Rule in forex trading. The 2:3 Rule is a conservative risk management strategy used by many cautious foreign currency traders. Forex traders have every reason to be cautious most of the time since the forex market is a
Using the 2:3 Rule with a Position Calculator for Forex Trading Read More »
A pivot calculator is among the simplest forex tools to use. After all, it would only be necessary for one to gather several values from the trade data and afterwards place such information on the aforementioned computational tool. Indeed, coming up with the pivot point in an accurate and reliable manner is as easy as
Using a Pivot Calculator: Key Terms to Remember Read More »
Every forex trader should take the time to know about the different tools that he can use in his trading activities. One of these tools is a pip calculator. In the foreign exchange market, profits and losses are measured in terms of pips. A pip is the smallest increment by which prices of currencies to
What is a Pip Calculator? A Forex Trader’s Guide Read More »
Forex traders – from novices to experts – make several mistakes everyday that are relevant to a trade. The difference between a successful broker and a jobless one is that the mistakes made by the former are manageable, excusable and never repeated while the mistakes by the latter are fundamental, inexcusable, and made repeatedly. This
Preventable Forex Trading Mistakes Read More »
If you have journeyed across an ocean, you will be in a better position to appreciate what forex indicators are. The ocean is a vast stretch of water and travelling across it entails journeying through a seemingly endless mass of churning often turbulent water underneath and an infinite sky above. Without navigational aids, you’d easily
What are Forex Indicators? Read More »
While you are still in the process of gaining confidence of your skills, capabilities, and strategies as a trader, it is usually recommended to open a forex demo account. This is the first major step towards accessing a real platform of a forex trader, thus making the act of opening a demo account as a
Major Differences: Forex Demo Account Versus Forex Real Account Read More »
Metatrader is one of the most popular trading platforms used by a lot of online forex brokers. It is user friendly and can be customized to suit the needs of every broker and trader that uses them. Aside from the built in indicators this trading platform has, software users are free to develop applications that
The Metatrader Position Calculator Read More »
