Forex Trading and Miscellaneous

Forex scalpers are the traders who trade in currency pairs, but they buy or sell the currency, hold it for a little time, and then close the position, and in between that holding time, they try to take advantage of small price movements. This is a common practice for the whole day. They typically hold […]

The first thing that makes the Forex exchange attractive for beginners is finding out the basics of trading right here. Before becoming a trader, it is important to: Choose a suitable broker to carry out transactions (he will provide both software and “leverage”); Understand the terms, study the basic methods of analysis (fundamental – for

You’ve probably heard about sound money management more than once. It seems, but what is so difficult about it? Nevertheless, many traders lose because they do not follow the rules of money management. Money management methods are extensive in many ways, and it will not be possible to consider them in one article. But we

The global forex market is huge, and many trillions of dollars are traded on it every day. The great news is that with the help of proper education, anyone can enter the forex market to take advantage of these opportunities. The shift to digital trading through online brokers has opened up this sector for anyone

In 2005, the MetaQuotes released the MetaTrader 4 trading platform, and it became the most popular in its segment due to its functionality and ease of use. In 2010, an improved MT5 platform appeared, but it could not overtake the previous version in popularity. Let’s analyze why MT5 couldn’t replace the MT4 platform despite many

Like any other industry, some traders in forex fail and some succeed. There are some famous statistics that circulate on internet. Although it is not official. Nevertheless, it is believed that about 95% traders fail, and only 5% are successful. But how can you join the number of these 5% lucky ones? Always look for

If you are thinking about starting trading in Forex and want to do it as efficiently as possible, you should know that choosing the right time is of great importance. To do this, experts recommend building an optimal schedule, which will indicate the most active Forex hours. Using this material, which contains up-to-date data on

Trading is not like gambling, where the luck factor plays an integral role. The best investment so far for a trader is his time, time to invest in learning, and gaining successful trading experience. Thinking of making money fast and ending up in grudges is something common for newbies. To be profitable in the long

The carry trade strategy involves selling the currency of a country with lower interest rates and buying a country’s currency with higher interest rates. In other words, a trader borrows money at a lower rate and lends at a higher rate. The difference between the two rates is his profit. With high leverage, even a

Beginners usually get scared by their initial step in Forex. They start to consider it an impenetrable fortress that is impossible to breach without any basic know-how because it is abstract to them. Market trends, charts, currency rates, bases, and other things make them afraid and demotivated. But in reality, Forex is not that much