Trading is something that you have to be sure about before investing in. These days there are numerous places and ways that you can trade in. It is quite overwhelming for a newcomer in the industry. But you can test the waters in almost everything to get yourself acquainted with your forte. The most common…
Understanding the idea behind pending orders in the Forex market can seem at first a rather difficult task for beginners. We will explain the way they are used and why they are more complex compared to the usual market orders. Pending orders allow traders to automate the trading process and monitor the market even when…
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…
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…
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…