There is no unequivocal advice as to which currency pair is better for this or that trader. There is no division of currency pairs into categories for beginners and professionals. However, there are a few things to consider when choosing a currency pair. Choose the economy you know the best, like Japanese, Canadian or Swiss, […]
Which currency pair is better to trade? Read More »
Probably, every trader at least once in his life dreamed of a strategy that would make it possible to make a profit with any price movement. It is enough just to open one position and make money. This option seems like a fairy tale, but this is an erroneous opinion. Of course, there are a
What is carry trade in Forex? Read More »
You might have heard a lot about support and resistance in trading. In this article, we will focus on several aspects of support and resistance. How do you find support and resistance levels? Let’s learn how to find support and resistance levels. Swing highs and swing lows Find support and resistance with swing points. Swing
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Global equity markets were mostly lower on Thursday after the Federal Reserve indicated it could ease economic stimuli earlier than previously thought. London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. U.S. futures were lower after Fed members estimated on Wednesday that their key rate would rise twice
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Have you ever gone through a rough patch in your forex trading and apparently couldn’t figure out what was going wrong? You’ve probably encountered a few streaks here and there, but you eventually got it back on your feet by making the necessary adjustments. However, if you cannot pinpoint the root of the problem, you
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Every trader should have a trading plan. Some have it, and some might be hearing about it for the first time. Let’s learn some key points with examples that can help you write a trading plan. 1. Force Majeure Certain actions should be prescribed for the trader to take if the Internet, power, or computer
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You can find the proper remedy only if you know the problem accurately. In forex trading, fear is a strong emotion that can badly impact your trading. Here are five tips to overcome your fear in trading. 1. Trading goals Develop clear trading goals and plans. Strict adherence to planning and discipline enables traders to
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Here are a few tips and tricks on how to become successful in forex trading: Trade like a robot Once you have a working strategy, do not fall prey to your emotions. Trade just like a robot and do not change your decisions based on your instinct or greed. Always set parameters for your trading
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With $1000 (depending on a particular trading platform), the start of a trading career in the foreign exchange market is possible. After the acquisition of the preferred lot size, a trader can set short and/or long positions in the hope of generating profit. Then again, putting money for a trade hardly comes with a guarantee
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