Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
A drawdown occurs when the balance of your forex trading account varies from one high point to the next low point. Due to losing trades, your balance reflects a loss of capital. Suppose your currency trading account begins with a $100,000 balance and loses money on trades. This is known as a “drawdown.” Suppose you […]
What is Drawdown in Forex Trading? Read More »
Traders use indicators such as parabolic SAR and parabolic stop and reverse primarily to estimate a given asset’s short-term momentum in the future. A trader can easily use this indicator, developed by the famous technician J Welles Wilder, Jr, to determine where to place stop orders within a trading strategy. (An indicator like this is
What is the Parabolic SAR? Read More »
What is the effect of retail sales on the financial markets, specifically the Forex market? Are these reports beneficial to your trading? Nearly all major currencies release retail sales data regularly, which is constantly watched by the forex market. Financial markets like the Forex market are among the most dynamic in the world. In addition
How Retail Sales Affect the Forex Market Read More »
In backtesting, a strategy or concept is tested for past profitability manually or systematically. To determine if a trading strategy shows promise and profitability in several markets, a trader can backtest a strategy manually or with backtesting software. This article will focus on manual backtesting since backtesting does not always require software and can be
How Do You Backtest Effectively? Read More »
Foreign exchange markets (forex) are among the world’s most accessible day trading markets because of their low entry barriers. Starting day trading shouldn’t be difficult if you have a computer, an internet connection, and a few hundred dollars. A quick profit can’t be expected from this easy entry, however. These four common mistakes, the main
Mistakes That Day Traders Usually Make Read More »
A foreign exchange market (forex) is a 24-hour market for trading world currencies. Some see it as a way of changing one currency into another. The exchange of currencies from around the world occurs primarily by multinational corporations conducting business globally. Additionally, traders bet on the movement of currencies relative to one another on the
Ways to Trade Currencies in a Foreign Market Read More »
Trading, in particular, is a demanding aspect of the financial market and requires much more effort and preparation. Trading requires constant updates and keeping up with market developments. How can a trader keep his knowledge and awareness level sharp and ready? Reading analysis reports is one of the best practices, even a prerequisite for successful
Why Traders Should Read Analysis Reports? Read More »
Are you planning to quit forex trading? This is probably one of the traps you’ve fallen for! Many people don’t trade for various reasons, but that doesn’t mean you should give up. You’ll have a hard time getting it right if you try to do forex trading. Approximately 96% of forex traders lose money! However,
Why People Quit Forex Trading and How to Prevent it? Read More »
This is the right place if you’re looking for information on trading GBP/USD! The United Kingdom has the fifth-largest economy in the world, while the United States has the largest. Forex traders need to trade GBP/USD because of these dynamics. Now could also be one of the best times in history to learn how to
What Creates Volatility in GBP/USD? Read More »
In the Forex market, some form of automation is necessary. Markets run 24/7, which explains why. Therefore, the value of investor holdings and their net worth change continuously. It is, therefore, possible for an open position’s monetary value to change if not managed properly drastically. Additionally, you cannot actively manage the positions manually 24×7 unless
Types of Orders in Forex Trading Read More »
