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…
If you had never traded forex, it is highly recommended that you first open a demo account. You will have the possibility to trade in real time with the same prices and have the possibility to develop skills and knowledge without spending even one cent. It does not matter how smart you are in order…
In case you do not already know an Expert Advisor (EA), as it is called, is a trading robot (a software program) that automatically opens and closes your transaction. Forex Expert Advisors allow you to make the trading process completely automatic, all you need to do is install it and do not close the trading…
If you’re new to forex trading, you probably have a ton of questions. One of the most common ones is: “Which currency pairs should I trade?” While some sources may claim that it doesn’t matter, the right choice of currency pair can significantly impact your success—especially in the beginning. In this guide, we’ll break down…
Emotions are an inevitable part of forex trading, often influencing decisions in ways traders may not even realize. Whether it’s greed, fear, frustration, revenge, or euphoria, every trader experiences emotions at some point. The key is not to eliminate emotions but to manage them effectively so they don’t interfere with your trading performance. In this…
Many beginner traders hesitate to try scalping, believing it’s a strategy reserved for professionals. Is scalping really that complex and risky? Do you need years of trading experience before attempting it? In this guide, we’ll break down the essentials of scalping and show you how novice traders can use this fast-paced strategy effectively. What Is…
Buy cheap and sell expensive – the basic principle of the speculator. The concept of the speculator has a bit of a negative connotation, probably because speculators do not produce anything or do not offer any services, but simply make profits from the difference in prices when buying and selling. But we should not feel…
We have been trading using support and resistance levels. Someone calls them pivot levels, some horizontal lines, but the essence behind it does not change. We are often asked how we determine what level is strong, and what is weak? Which level we should take into account and which not ? In this article we…
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…