A forex demo account can be defined as any virtual account wherein the owner can play with the virtual money that it contains. The virtual money will not yield real profit or losses – trading using demo accounts is usually done for the purpose of familiarization and refinement of strategies and techniques. Usually, the virtual […]
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When you’re deciding what the best forex trading system to help you succeed as a currency trader is, one of the best ways to help you choose is to look at the different types of systems that are available. Forex trading systems can be divided in different ways but the most common ones are based
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Getting rich in the quickest manner possible is one of the temptations that any forex market trader finds truly difficult to resist. This is the reason why there is a constant influx of new traders in the foreign exchange market. However, many realize the fact that forex trading is not really the easy way to
Forex Position Calculator: Balancing Risks and Gains Read More »
Some forex traders often point out that the pivot calculator makes the most complex of computations simple. Indeed, it would be appropriate to say that such a computational tool transforms all those who engage in forex activities into fortunetellers. After all, upon learning to use a pivot point calculator, one would immediately be capable of
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Every trader actively trading in the foreign exchange market needs to know his pips and a pip calculator comes in handy for doing exactly this. For those who are trading in the same currency as their trading accounts, it would be quite simple to make their pip calculations. But, those who are trading in other
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Investing money to trade in the foreign exchange market means opening up a margin account with a broker. A margin account is a short-term loanable amount given to the investor; the amount of which depends on the total amount actually deposited to – or for – the account of the broker/trading house. As a general
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Forex indicators are used to confirm price movement and the integrity of particular chart patterns to determine possible price action points. They are basically calculations of price movements, momentum, money flow, trend, volatility. These indicators can either be lagging or leading indicator. A lagging indicator is trend following and basically follows price movements. Leading indicators
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All over the world, opening a forex demo account is considered as a good training ground for perfecting one’s skills in foreign exchange and realizing a trader’s potential in scheming or shaping techniques and strategies. Forex market trading is known to be a business that involves a lot of risks and dangers of losing a
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Finding the best forex trading system is essential to becoming a successful currency trader. A trading system is a set of rules that reveal entry and exit points for a currency trade, which are known as ‘signals’. The most common method for determining these signals is by using a chart to visually plot the price
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Forex traders the world over have every reason to be happy. The latest risk management tool is now available. And, the best part is it is accurate and free. The Position Calculator is the latest addition to a forex trader’s arsenal of money management tools to help him mitigate the uncertainties involved with foreign currency
