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 »
It cannot be denied that any aspiring trader requires a reliable pivot calculator. After all, having such a computational tool is akin to being able to identify the beginning of a most lucrative upswing. As to be expected though, those relatively new to forex trading would still be unaware of the best sources of calculators.
The Search for a Pivot Calculator: A Matter of Options Read More »
One of the basic tools used in the forex trading game is the pip calculator. Many forex traders make use of this tool even when they can very well do the computations themselves. This tool allows them to make a more accurate analysis of their positions and determine whether or not to trade at certain
Using a Pip Calculator: Tinkering With a Basic Forex Trading Tool Read More »
A forex margin is essentially the difference between an investor’s actual liquid cash and the amount a broker is willing to put up for the same investor, over and above the actual capital investment of the client. In other words, this is an amount loaned by the trader/broker to the investor. The amount of which
Margin Calculator for Beginners Read More »
Forex indicators are mere attempts to capture the underlying sentiment of the market to help traders to easily decide whether to buy or sell. Unfortunately, many of these indicators have been in use for quite a while now but none of them is able to come up with any semblance of success. Capturing the underlying
Using the Japanese Candlestick Charts with Forex Indicators Read More »
Though nothing seems to be real about opening a forex demo account, you might be surprised that the lessons that you can derive from this simple exercises have real significance. Take money management for example. According to experts, there is no better way of learning more about it except for opening a demo account. What
Learning Money Management with Forex Demo Account Read More »
