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…
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…
Every trader, especially beginners, makes mistakes in forex trading. The key to success is learning from those mistakes and making the necessary adjustments. Smart traders don’t just learn from their own errors—they also learn from the mistakes of others. In this guide, we’ll explore the most common pitfalls that prevent traders from being profitable and…
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…