Over the past few years the popularity of the Forex market has grown dramatically. Every day thousands of clients are opening accounts with the hope of earning easy money. Therefore, almost every single forex broker offers a demo account where the client can feel the beauty and excitement of trading in the foreign exchange market….
Sooner or later anyone of us has either heard or has seen the word forex. Here comes the question what forex is all about and what it actually is? The forex industry has begun back in 1971. Before that, all currency rates were paired to either gold or US dollar. The value of a particular…
Selecting the right forex broker is a very important and difficult task. It is important to understand that your success greatly depends on which broker you are going to choose. If you select a scam broker, you will never be able to make money even if you are using a very good trading strategy. Around…
The first step in becoming a successful forex trader is creating your own productive trading strategy. However, creating a successful strategy takes a considerable amount of time. Apart from that, you will need to have a good understanding of the market, an excellent trading discipline, trading plan, self-control and the ability to accept losses. The…
High-frequency trading (HFT) has become one of the most talked-about strategies in financial markets, including the forex market. While it is more commonly associated with large institutional investors and hedge funds, HFT is increasingly being adopted by retail traders looking to take advantage of rapid market movements and technological advancements. In this article, we’ll explore…
In the world of forex trading, choosing the right broker is one of the most crucial decisions you’ll make. Brokers can generally be divided into two categories: ECN (Electronic Communication Network) brokers and Market Maker brokers. Each type has its own unique set of advantages and disadvantages. To help you make an informed decision, we’ll…
When it comes to forex trading platforms, traders often face the dilemma of choosing between the most popular options available in the market: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform offers unique features, tools, and functionalities, making it important for traders to understand their differences before deciding which one best suits their…
In the world of forex trading, different traders employ various strategies to capitalize on price movements. These strategies vary not only in the time frames they focus on, but also in the level of involvement required. Whether you are a beginner or an experienced trader, it is essential to understand the differences between scalping, day…
In the world of forex trading, where volatility is the norm and the market operates 24 hours a day, having a clear and effective strategy is crucial to success. One of the most important concepts that every trader should understand is the risk-reward ratio. It’s a simple yet powerful tool that helps traders make informed…
Elliott Wave Theory is one of the most powerful and widely used methods of technical analysis in Forex trading. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market prices move in repetitive cycles influenced by investor psychology. Understanding and mastering Elliott Wave Theory can provide traders with…