June 2020

It is necessary to trade with virtual money to learn the basics of forex trading without risking anything. However, you should not linger on a demo for a long time since you have no more chances to learn how to trade on a demo than to learn how to drive a car on a computer […]

In Forex trading, one currency is exchanged for another. Investors should carefully research the price of the currency pair that they want to trade. Most brokers have free charts available for this. The currency rate can be influenced by several factors: Change in Dollar exchange rate Political decisions in the respective countries Economic growth in

All trading strategies give an answer to the question of when to open and when to close a trade. However, the vast majority of strategies practically do not answer the question of managing an open position effectively. Although it can increase profitability to a great extent. At the moment, there are three most common ways

The forex market is the largest and most affordable financial market in the world. But, despite the vast number of forex traders, only a few manage to become truly successful. It is estimated that 80% of the traders quit forex trading within the first few months. Here we will present what the trading mistakes newbies

“So many men, so many opinions.” This saying goes well with the forex market as many people have different opinions about it.  Some even perceive the ideas that are not right about the forex market and have become myths.  These myths prevent many people from joining the market.  So, in this article, we are going

Ahh, the good ‘old Japanese candlesticks. They are the most popular form of charting. Invented in the 17th century by the Japanese rice merchant Munehisa Homma to conveniently display the beginning (opening price), and the end of the price (closing price) for a certain time period. The technique of presenting the price in the form

How personality traits effect trader performance has been a longstanding discussion point within the trading community, since the birth of the industry. Moreover, because certain personality traits can evolve and develop as we mature, the traits we require in order to become successful traders may require attention and modification as we recognize their impact during

Lighting up our trading charts with a multitude of indicators and information, to resemble the Xmas tree most of us have been busy taking down to put back in its box until next year, or recycle, is a natural trading phenomena. It’s a rights of passage that we all have to experience. Only the truly

Chasing the elusive holy grail of trading is a thankless task. It doesn’t take too much time for novice traders to discover that there is no magic elixir, there’s no bullet proof trading strategy that delivers a 100% success rate. However, novice traders who are quick on the update, will quickly realize that there are