Even though, gaps in the Forex market are quite rare, you need to know what they are and how you can use them in your trading. But firstly, we need to understand what a gap is. “Gap” is an empty space on the price chart. Imagine the price moving smoothly up, and then there is…
The Fibonacci indicator is very often used by traders when trading in the Forex market. Fibonacci levels are very versatile in their application, so it is not surprising that so many strategies include this indicator. Fibonacci levels are not just an indicator, there is a whole philosophical concept, behind which lies the mathematical justification. You…
If you’re planning to venture into the Forex market, one of the most important decisions you’ll make is choosing a reliable and trustworthy Forex broker. With over $4 trillion traded daily, the market is full of brokers claiming to be the best. But not all brokers are created equal. This guide will help you identify…
Risk is one of the things that haunt traders from investing their money. Newcomers fret over it and often overestimate a thing. When delving into foreign exchange you have to be sure about your position and also make it safe for yourself. As you get more expertise in the field you can utilise strategies like…
Entering the Forex market is pretty much simple as you just need to have some money and you become a Forex trader in minutes once you find a forex broker. But to become a successful forex trader, it takes a lot of skill, patience and experience in trading. A successful trader makes good profits with…
In forex trading, two important things that are really important to your success is your knowledge and experience with the system and also a good trading platform to conduct your trade. Another important factor that ascertains your success to a great level is Forex Signals. Traders involved in forex trading need to have some knowledge…
Technical or Fundamental Analysis Once you start trading forex sooner or later you will ask yourself a question what analysis to use- fundamental or technical? It is important to understand that the movement of currency prices directly and indirectly is being affected by various economic and political factors. We should never underestimate the importance of…
Whether you’re a beginner or an experienced trader, avoiding common mistakes is key to long-term success in forex trading. Many traders fail not because they lack knowledge, but because they repeat the same costly errors. In this guide, we’ll highlight the most frequent mistakes traders make and how to avoid them. 1. The Desire to…
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…
It is a must that every trader should develop their own trading strategy. Without such strategy you will never know when to open and close a trade. What is more, it will be extremely difficult for you to analyse your mistakes and follow the progress of your trading in order to control all the associated…