The go-to platform for anyone interested in trading forex, there is no equal for this fantastic platform. MT4, as it is commonly known, comes with several features and capabilities that will help novice and experienced traders alike.
The main interface in MT4 gives traders access to all the technical tools they need to a proper and efficient technical analysis. Moreover, these tools can be used in real-time, which means traders can make quick decisions based on accurate information.
Traders can open demo accounts to test their skills. But, if they are ready to trade, the platform can be download for free at the developer's site.
When it comes to economic news, there are critical events any trader must track if they wish to do a highly reliable fundamental analysis.
Financial instruments are expensive, and companies will always find a way to pass that burden onto their consumers. It is this balance between how much a trader will make and how much it will cost them completing said transaction that determines profitability.
Obviously, there are different costs that any given trader might incur. But, when it comes to forex trading, the main one will always be the bid-ask spread. And when talking about the bid-ask spread, there are only two options to choose from: fixed or variable. Neither option looks better than the other at first look. After all, both have their own and highly distinct advantages and disadvantages.
Now, if a trader chooses to look at the fundamentals of a Forex pair, a very important data point is certainly the Purchasing Managers Index – known as the PMI. And understanding what it is, how it works and its importance in Forex trading can be paramount for anyone who wants to be a successful Forex trader.
But, what is it when it comes to Forex trading?
That’s what we’ll find out in this article. So, grab a drink and read on!
However, they also bolster close to 10,000 companies that stream from all walks of life. And that leads to the first big difference.
As volatility makes or breaks your chances to trade, and it can be tricky to master it (no, you don’t want to avoid it all the time), we’ve prepared this guide on some of the most popular currencies and their volatility.
However, there are many ways to take when it comes to your money’s well being. Regulatory bodies play a huge part in Forex trading and the safety of each investor, and one of the ways they ensure this is with investor compensation schemes.
Since it is of your best interest to keep your investment secure, you are about to learn all you need about them.
So, there are different types of technical charts with different purposes, such as tic or tick charts, line charts, bar charts, and charts of points and figures.
On this occasion, we will discuss what is a Tick chart, what makes it different from the other types of charts, how they operate, and what their advantages and disadvantages are compared to other technical indicators.
In the Forex world, there are many resources to read and learn from, but for many, it seems that is an overlooked or avoided area.
Traders expect to find the best Forex trading book, which wouldn’t be a bad idea, one book that provides everything you need such as strategies, ideas, or what should you focus on in Forex trading.
Today, we are going to discuss some core principles of Forex Trading that will help you how to get going in this business.
First, let’s see some commonly-used words in trading:
There is a huge amount of articles, video tutorials, guides and, of course, books that help to understand the functioning of the Forex Market, as well as teaching you how to act in relation to each situation.
Read on, to discover what could be your next Forex book for beginners, or your next source of knowledge on the inner workings of the largest market in the world today.
Thanks to the recent consulting related to the sale of derivative products to retail customers and traders, the Financial Conduct Authority (FCA) plans to implement similar measures now, while it is intending to extend such limitation so they include also products that can be easily substituted to a certain extent.
The reason for such extension of existing limits is the revelation of serious risks for the clients who trade at retail markets.
FOREX trading is like one of those roleplaying games where you need to keep leveling up and upgrading your character.
If you feel that sounds good, then read on, we have something to tell you!
However, the main issue for these new traders is actually getting through that skill level filter, so in this article, we’re going to illustrate what you need to pay attention to so you can blast through it in no time!
If you want to truly succeed at this, you must be willing to sacrifice some things and you must be willing to do what it takes to master the skill of forex trading.
Even after the trader gains the knowledge from dozens of books or videos or after he visits couple of lectures, his education should not end, it should only move to a “higher” level.
Here, we will try to provide some hints where each trader should move gradually in his education and trading.
The skill of forex trading may be easier to grasp for persons who are already knowledgeable or actively involved in the trading of stocks. Nevertheless, there are many aspects of trading that are unique to forex trading that the beginner would do well to take into consideration. It is important to understand forex trading jargon in order to hit the ground running when starting out in forex trading.
Here are some terms that you will encounter often and that you should therefore know:
The misconception is that because this volume may be but a drop in the bucket of the volume of the entire forex market, that it is not of much use. However, research has shown that the volume information provided by your retail broker, is useful in that it may provide a fairly accurate reflection of percentage changes in overall market volume in a given time period.
Every trader is vulnerable to the many emotions that come with trading. If we allow our emotions to dictate our trading decisions, then it is very likely that we will make irrational decisions that are based solely on emotion, rather than on sound trading practices.
There is a popular discussion among Forex traders about the different types of indicators that are available. Whether the indicator is leading or lagging, repainting or not repainting, how accurate it is and so on.
Most traders don’t know the proper way in which to use the signals or the indicators they are given. For example, every buy signal from the MACD is not supposed to be followed with a long trade. Every buy signal doesn’t mean that the market will shoot right up or that it will go higher by a certain number of pips in every situation.
What kinds of opportunities and possibilities does it provide that other jobs simply don’t?
That’s the focus in this article, and below we discuss some of the advantages and opportunities that come with Forex trading that can enhance the life of anyone who trades Forex for a living.
Trusted FX Brokers
Haven't found what you're looking for? Contact us!
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Forex Education - Psychology: