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Forex

Which Forex pairs should I trade?

Forex Learn To Trade

It is no surprise that many new and experienced CFD traders are focusing on the forex market. It offers plenty of potential; there is a lot of education and research available and the market is active 24 hours a day, five days a week. Popular trading software such as the MT4 and MT5 provide an…

Trading the grid in forex

Forex Learn To Trade

When you anticipate how a price is going to move, at some point you will gain – that is the cornerstone of trading. Although gains are not assured, you will make a profit at those times when you have accurately bet on a price movement. Using the grid trading technique, your goal is to base…

Trading EUR/USD: The factors that fuel this power pair

Forex Learn To Trade

EUR/USD are also affectionately referred to as the euro and fiber. While referring to this pair as euro may be self-explanatory enough, the name “fiber” is thought to have stuck because the GBP/USD pair is called cable, and many traders see this new EUR/USD compatibility as a trading upgrade, in much the same way that…

Top two technical indicators in forex trading

Forex Learn To Trade

Moving average This reveals a trend and helps you follow it. It also shows you the average price over a period of time. The moving average (MA) is a line that helps you smooth out the up-and-down price fluctuations so that you’re able to follow the main trend without distractions like corrections. An MA tells…

Top tips to avoid losing money in forex trading

Forex Learn To Trade

Treat trading as a business Traders must remember that forex trading is a business. Like any business, traders are likely to run into losses and profits. Therefore, it is very important not to consider a loss to be a major setback. Just take it as a bad day at the office and focus on the…

Top 5 Reasons Why Traders Love Trading Forex

Forex Learn To Trade

1. The Forex markets are open all hours The Forex markets trade 24 hours a day from when the New Zealand market opens on Monday morning until the US market closes on Friday evening. You can be trading Forex at any time during this period and because the market never closes it does not gap…

The role of support and resistance levels in forex trading

Forex Learn To Trade

The basis of support and resistance trading The resistance aspect refers to an upper obstruction toward the end of what is known as a bullish trend. The resistance indicates a reversal of the price climb and reveals that there are more sellers than buyers on the market. Support is a lower blockage near the end…

The Oz forex system: Take profits like a wizard

Forex Learn To Trade

Key components of the OzFX trading strategy This strategy has a daily timeframe You can use any currency pair You’ll need the Stochastic oscillator and the Accelerator oscillator (AC) technical indicator How to trade Stochastic As a trader, you’ll always be trying to spot a new trend as it emerges. One of the best ways…

The main reasons many forex traders don’t make it

Forex Learn To Trade

Trading without a strategy The saying that “failing to plan is planning to fail” is true in every discipline, but especially the fickle, free-wheeling world of forex buying and selling. You must know how much you are willing to risk and when, and what kind of profit taking you are seeking. Once you’ve set these…

The key to assessing and choosing Forex auto traders

Forex Learn To Trade

One of these risks is the endless spam that arises on the internet in many different forms. Although this is mostly harmless, the odd scam does appear. Luckily, most traders are familiar enough with the internet to avoid the risks that dangerous spam presents. Forex brokers in particular sometimes advertise the services of Forex robots…

The importance of keeping a forex trading journal

Forex Learn To Trade

Keeping a trading journal is one of the best ways to track not only successes but also failures. By noting all trade actions and outcomes, you will be able to grow as a trader and learn from any mistakes. Besides any major mistakes, you will also be able to recognize small errors that can be…

The forex strategy of trading the news

Forex Learn To Trade

Many of the strategies used in trading take the approach of analyzing data such as price action and market patterns. Whether they’re based on technical or fundamental analysis, these methods are not excluded from one of the largest market influencers. None of these trading strategies can avoid the effects of big news events in relevant…

The 24-hour trading day of the forex market

Forex Learn To Trade

Who trades 24 hours a day? Between the central banks and businesses across the world, there is always a constant demand for currency. This is especially true for international trade, as central banks make use of foreign exchange in order to run effectively. The market opens as the day begins in Australia and New Zealand,…

Technical traders’ reliance on forex signals

Forex Learn To Trade

Large move monopoly Using technical strategies to indicate good entry points and opportunistic trades is a good technique. However, you will often find that the exit points indicated are too early. Fundamental analysis gives you additional information so you can benefit from good trades by keeping them open for longer periods of time until a…

Reading the economic calendar for improved forex trading

Forex Learn To Trade

Finding a calendar Many trading brokers, websites and platforms provide their own economic calendars, allowing for ample resources for staying on top of the latest upcoming economic news. Most of these calendars are similar and have automatic updates, are easy to read, and provide various features to make the analysis experience simpler. Analyzing the calendar…

Multiple time frame analysis (MTFA) as a forex trading strategy

Forex Learn To Trade

MTFA is a forex trading strategy utilized to track the performance of a currency pair across two or more compressions/frequencies. In forex trading, many traders postulate different views when it comes to the number of compressions/frequencies that can be tracked at any given time. However, the average number that most traders track is three. This…

Four Important Forex Entry Principles for Low Risk Entries

Forex Learn To Trade

1. Analysing the Forex markets Technical analysis dominates when building your Forex trading strategies, though fundamental analysis can be used to determine dominant themes or trends in the market. Support and resistance levels, trend lines and candlestick patterns can all be used to make decisions on your Forex entry points. Every time you view a…

Forex trading robots: avoiding the scams

Forex Learn To Trade

Forex robots for automated trading Forex robots were developed as a tool for automated trading. Also known as Expert Advisors (EAs), they control your trades while you continue with your day, set to make the best moves at the best times. These robots have become popular in the industry and are available from most brokers.…

Forex trading platform comparison: MetaTrader 4 vs MetaTrader 5

Forex Learn To Trade

MetaTrader 4 MetaTrader 4 is one of the most widely used platforms among brokers. This software has set a standard in the realm of quality platforms and is, therefore, a reliable choice for forex traders. Also referred to as MT4, this platform was released in 2005 and continues to be used by brokers and traders…

Forex market lessons from 3 day traders

Forex Learn To Trade

Gambling with savings Rene Muccio of South London retired from running an antique business to become a trader. He uses his life savings as capital to trade on the Forex market. He trades currencies like the US dollar, pound, euro and yen from his bedroom while simultaneously studying charts and indicators. At the time, his…

Forex hedging with the use of algorithms

Forex Learn To Trade

Many traders believe that large hedge funds are the most successful, but small hedge funds can work just as well when used correctly. This means your algorithms do not need to be complicated and highly advanced – a simple approach is best for small hedge funds when combined with a winning strategy. Technology currently allows…

Forex Trading – Five Important Exit Principles

Forex Learn To Trade

1. Learn how to cut your losses quickly when trading Forex Before you enter a position you should know where you are going to get out. This is critical to keeping your trading account intact when Forex trading. A small loss can very quickly turn into a large loss, therefore cutting losses is critical to…

Currency conundrum: Which currencies are great persuaders?

Forex Learn To Trade

Safe haven currencies Generally, the two big categories you must know about as part of your trading strategies are safe haven versus commodity currencies. As the name suggests, safe haven or refuge currencies are seen as safe investments during times of financial turmoil. These currencies are viewed as stable and more immune to extraneous market…

Climbing the professional forex trader ladder

Forex Learn To Trade

Basic tips There are three basic tips that every trader should abide by every single time: Never procrastinate You need to seize every opportunity when it comes to forex trading. The more you procrastinate, the more you lose those valuable skills you may have learned. Even when you run out of funds, ensure that you…

What is forex and how can you trade it?

Forex Learn To Trade

What is forex trading? A definition Forex comes from the term foreign exchange trading. Apart from being called forex, it is also referred to as FX by broker comparison sites and traders alike. Forex is exchanged through a global network of businesses, banks and individuals. Due to the way the market operates, currency prices constantly…

Let’s Learn About Forex and Forex Trading

Forex Learn To Trade

What is Forex? The Forex markets are the largest financial markets by turnover globally with between $5-7 trillion exchanged each day. Effectively, Foreign Exchange markets simply deal with the exchange or transfer of one currency for another. This may be done for a variety of reasons. Corporates needing to transfer revenues between currencies Investment Banks…

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Trading CFD vs Forex: Insurances and Safety Measures for Investors in 2020

Forex Learn To Trade

Advantages of Forex Forex trading is often the starting point for many new investors. This is because the way in which the market functions, the techniques involved and the strategies traders can pursue are considered to be relatively easy to understand and also to manage. Among the acknowledged advantages, for example, are: Ability to scale…