In the first article of our educational series on the FX Trading Revolution website, we will show basic facts and terminology that some traders will probably know. However, we will present these facts in the correct way. In the article we will move on to the facts about Forex, which you probably do not know, but which you must know to trade in the financial markets profitably.
In the financial markets, there are more topics to consider, than it may seem at first glance when you open a trading platform and enter your orders. Various entities in the financial market also have completely different approaches and purposes for operating in the financial market. To correctly understand the entire financial market, you also have to know your enemy, also known as other participants in the global financial market.
The interbank market is where supply and demand meets – for the financial sector including banks, investment funds, central banks, international financial institutions, brokers, and in the best situation also orders from broker's clients. Understanding the principles of how financial markets and the execution of transactions on the interbank market work is essential knowledge for successful trading on the financial markets.
In financial markets there are a lot of different brokerages with very different approaches to working with their clients. Some brokers offer low trading costs and other brokers offer a little bit higher trading costs. Some brokers are direct market makers – and are on the opposite side for all your trades - and they directly profit from your losses, and other brokers directly send your trades to the interbank market for execution.
Based on our research, and hundreds of extensive tests of forex retail brokers around the world, we have discovered that approximately 98% of retail brokers don’t have any interest in profitable clients. And this is the main reason why so many traders lose money over the long-term. At best, they break/even or end up decreasing a trader’s profits. In this article you can see the most common dirty practices of poor quality brokers and how to recognize and avoid them.
Choosing the right broker is the most important aspect of profitable trading and believe me, choosing the right broker will save you a lot of worry, hassles, and inconvenience. Practically all publications deliberately provide false information; therefore, many traders mistakenly believe that success in trading depends on psychology, money management, and what trading system you use. This is not the case!
Forex traders are still looking for the Holy Grail among trading systems and if it hits a series of losing trades, they immediately think about how to improve the trading system, or start thinking about a complete change of trading strategy. In this article we explain how professional and successful long term traders approach their trading strategies.
Forex traders are constantly asking our team how they should start trading and what they have to do to achieve long-term profitable results on the financial markets. In this article we will show the 4 steps you must take if you would like to become a professional and long-term profitable trader.
1. FX Trading Basics that you must Know
2. Know Your Enemy - Participants of Markets
3. Insider Information about Interbank Trading
4. What Brokers Never Want You to Know!
5. Dirty Practices of Brokers that Cost You Profits
6. How to Choose the Best Broker
7. The Most Profitable Trading Strategies
8. The Four Steps to Begin Trading Profitably