Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
There are two parts to any forex rate: the base currency and the quote currency. The first currency in a quote is called the “basic currency,” and the second is called the “quote currency.” In the price of EUR/USD 1.2000, the base currency is Euro, and the US dollar is the reference currency. Bid and […]
How to Read a Forex Quote: Guide for Beginners Read More »
Choosing the right chart is an excellent place to start if you want to become a technical trader. Active traders can use a wide range of charts, from simple line charts to complicated point-and-figure charts. So many options can paralyze market technicians who have yet to do it. You can learn more about the market
OHLC vs. Candlestick Charts: Which One is Better? Read More »
In foreign exchange, the spread is the gap between a currency pair’s bid price (to sell) and the asking price (to buy). There are two prices for each pair: the bid and the ask. At the asking price, you can buy the base currency. At the bid price, you can sell it. How to calculate
How to Calculate Spread in Forex? Guide to Follow Read More »
Ichimoku Cloud, also known as Ichimoku Kink Hy, is a technical investment indicator. Kijun, Tenkan, Senkou, Kumo, and Chikou are Japanese words that may have little meaning to a non-native speaker. In reality, though, they’re discussing one of the most common trading methods—the Ichimoku technique. When trading with Ichimoku, Ichimoku Cloud is your friend Traders
What is the Best Ichimoku Cloud Trading Strategy for Forex Market? Read More »
To “scalp” the foreign exchange market means to trade currencies quickly by making a series of quick decisions. Scalping means buying and selling for a short time and then quickly closing for a small profit. This is a common way to trade currencies. It’s a method based on a collection of signals from technical analysis
When is the Best Time to Scalp in Forex? Read More »
When trading, looking at the big picture by analyzing data from multiple time frames can be helpful. Traders can use this method to figure out the overall trend while using a more petite time frame to find good entry points. Thus, traders can use technical analysis across multiple time frames to back up or disprove
How can you Trade Multiple Time Frames Alignment in Forex? Read More »
Traders use a “forex hedging” strategy to reduce their exposure to foreign exchange risk. In this strategy, they open many positions in different currencies. When interest rates and inflation change, traders on the foreign exchange market try to protect their open positions by buying or selling more assets! What does “hedging” in foreign exchange? Using
How to Hedge Currency: Guide to Follow with Examples Read More »
People who are new to trading in foreign currencies usually jump right in. They keep an eye on many different economic schedules and trade quickly whenever new information is available that could help them. These traders like the foreign exchange market because it is open 24 hours a day, five days a week. Using this
Forex Trading Sessions: What is Best Time to Trade Forex? Read More »
Professional traders and brokers in the foreign exchange market use charts, graphs, and analysis tools to illustrate potential outcomes and recurring trends in day trading. Among these instruments, a candlestick chart is relatively standard. Day traders frequently use candlestick patterns because they are both visually appealing and straightforward to interpret. What is the definition of
What is Candlestick and how to Read it in Forex Trading? Read More »
Swing trading is a way to make money with any financial instrument over a few days (more than one day) to a few weeks. Thus, swing traders mostly use four-hour (H4) and daily (D1) charts to make decisions. They may also use both fundamental analysis and technical analysis. Which time frame is best for swing
What are the Popular Swing Trading Time Frames? Read More »
