Education

The forex basics Exchange of a nation’s currency for that of another is Foreign Exchange (FOREX). The foreign exchange market is a largest non-stop financial market in the world where currencies of different nations are traded. This Forex market is bigger than three times the aggregate amount of the US Equity and Treasury markets combined.
What are some of the biggest traps you can fall into as a trader? Trading is a process that is different for every participant: a great deal of success depends on personal qualities and strengths. And yet, a number of things are universal – the similar challenges everyone goes through and the common traps that
A technical signpost to watch for There are a lot of candlestick patterns. Some are more distinctive, some are less. It’s easy to be on the lookout for pin bars – candlesticks with long upper or lower wicks that indicate a reversal. However, such candlesticks, though quite common, do not appear all the time. Plus,
What is the forex market Anyone who has ventured into the real marketplace would definitely have an idea what a Forex is and share the many promises and possibilities this horizon can bring. What is Forex? FOREX stands for the very popular Foreign Exchange Market. Sometimes, though, people associate it or equate it to mean
A look into the use of forex trading signals ForexLive Many forex brokers and independent companies have developed trading systems that offer forex signals telling the user when to buy and sell. The execution of a trade could be as simple as pressing a button or making a telephone call. Forex trading signals usually operate
Beware taking revenge on the markets Revenge is one of the most poisonous emotions we can feel, acting on it brings a cycle of destruction into our lives in life and in trading. However, whereas a person may not take revenge in their general day to day living, they may do when it comes to
How much is too much? This is one of those frustrating questions to answer because there are not an evenly distributed assortment of trading opportunities. Some weeks have more obvious trading opportunities than others. This means that in theory you can keep taking the trades as long as they present themselves. However, this can also
What’s “the secret” behind successful traders? The Forex market is the largest trading network in the world with $1.8 trillion dollars being exchanged every day. There are dozens of different currencies traded but the big players to focus on are all traded with the US dollar and include:  EUR (Euro), GBP (British pound), JPY (Japanese
How to make the best of a situation where markets are ranging What if the market lacks a trader’s main friend, a trend? When the price is moving sideways, trend trading strategies won’t do you any good. At the same time, that doesn’t mean that you should twiddle your thumbs. The solution is to use
A look at day trading and how to go about it Day or intraday trading is one of the trading styles. It implies that you hold a trade open for a couple of hours on average and close it before the end of the day. The general approach to day trading is different from the
With the launch of a brand-new FX offering that promises huge cost savings for traders, TIOmarkets has put together the 4 surest ways to keep your trading costs low and your potential for profit high Traders often come across what they associate as ‘endless possibilities’ in the world of trading. Interestingly enough, displayed across the
Your habits will determine your success It’s always wise to get the best of the other people’s experience. Trading is no exception. They say that it takes doing something for 21 days in a row to form a habit. Isn’t it time to get going? Below you can find a list of recommendations that will
What to look out for in a forex third-party signal provider? When choosing a third-party signal provider for your forex account you need to be careful. Here are a few tips and things to look for when making your decision. With the growing popularity and easy access to the foreign exchange market, more and more
A tip in managing expectations to improve your trading efficiency I often come across many new traders basing off their trading day on key central bank speakers like ECB president Mario Draghi or BOE governor Mark Carney, thinking that their speeches will contain something to heavily influence the respective currencies involved. But a less common