Forex Blog & Articles

Forex Blog & Articles

This blog provides Informational & Educational material to help you grow your Forex Skills

Saturday, 08 June 2019 08:34

Costs Associated With Forex Trading

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Costs Associated With Forex Trading Money management is very important while trading Forex, hence, it is important to factor in trading costs in one’s trading. Higher costs of trading could alter traders’ trading results leading to reduced profits or overall losses. It is particularly important to check Forex trading costs while choosing a broker since various brokers have varying costs depending on account types offered. Below are the various costs associated with Forex trading; Spread; This is the most common type of cost in Forex and is usually the difference between the bid and ask price provided by your broker.…
Sunday, 26 May 2019 15:36

The Different Trading Sessions

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The Different Trading Sessions Forex trading sessions refer to the open times to buy and sell or trade in the global Forex market. Though the market may be open 24 hours a day, different times of the day are not similarly active; some are characterized by high volatility while others low volatility. For this reason, understanding trading sessions is important so as to determine the best times of the day to trade. The Forex market is open 24 hours for five days (Monday to Friday) as various players around the globe such as; banks, commercial companies, investment banks, brokers, hedge…
Sunday, 26 May 2019 14:56

Quality of Trade Execution

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Quality Of Trade Execution Traders often do not understand that placing a trade on the trading platform provided by their broker is different from trade execution. So what is trade execution? This is simply when the placed order from the trading terminal is filled. Due to the growth of online Forex trading and pressure from various regulatory authorities; most brokers and financial trading firms have improved their quality of trade execution. Regulatory authorities require Forex brokers by law to offer their clients the best quality of trade execution. Since high quality of trade execution leads to low transaction costs; this…
Forex trading vs. Cryptocurrency Trading: Pros and cons Though the Forex market has existed for a long time now; the cryptocurrencies market is relatively new with the first cryptocurrency; bitcoin, created in 2009 by Satoshi Nakamoto. Currently, there are now over 1300 different cryptocurrencies, the main ones being bitcoin, ethereum, litecoin, dogecoin, steller, cardano, tron, ripple and bitcoin cash. The Forex and cryptocurrency markets have a lot of similarities but there are various traits that separate the two creating a dilemma for traders on which of the two to trade. Below are some of the fundamental differences between the two…
How Does Quantitative Easing Affect Currency Value There has been two schools of thoughts; one that states that quantitative easing affects currency value and the other that denies the later. To better understand how and whether quantitative easing (referred as QE in short) has an effect on currency value, lets look at what QE is; Quantitative easing is a means used by central banks in an effort to increase the amount of money supply in the economy. This is mainly done by purchasing government bonds and other financial products in the open market thus infusing money into the economy. This…
Friday, 29 March 2019 11:32

Reactions During Our Trading

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Reactions During Our Trading Traders react differently while trading which is one of the main reasons their are losers and winners in the Forex market. There are three major reasons that lead to different reactions while trading; 1. Probable market setup; this is when the trader is looking forward to open a trading position or has seen a setup based on various strategies that could lead to profit. Reactions during this situation are caused by the following emotions; There is the reluctance of opening a position even when the trading strategy has given a signal in the fear that the…
Friday, 29 March 2019 11:02

How Do Market Orders Work?

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How Do Market Orders Work? A market order is the most common type of order for executing trades in the Forex market where the trade is executed at the current bid and ask prices. The Ask price is the lowest price the broker is willing to sell the currency pair or trading instrument, hence it becomes the traders buy price. On the other hand, the Bid price is the highest price the broker is willing to buy the currency pair, hence the traders sell price. The main cost of using market orders is the spread which is the difference between…
Thursday, 21 March 2019 11:20

Forex Trading In South Africa

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Forex Trading In South Africa Various traders in South Africa often showcase their lavish lifestyles on social media platforms; some at a very young age, which has contributed to the increase in retail Forex traders in the country. The Forex market is also very attractive as many young South Africans do not want to be tied down by a 9 - 5 job opting for the freedom that trading offers. Although there is no clear regulatory framework for retail Forex trading in South Africa, below is what you need to know before setting up a Forex trading account; Regulation; The…
Sunday, 17 March 2019 10:22

CTrader Vs Metatrader 4 (MT4)

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CTrader Vs Metatrader 4 (MT4) There has been a continued discussion among Forex traders on which platform is better between the good old Metatrader 4 and the newcomer; CTrader. Metatrader 4 has been around since 2005 and has been adopted by almost every Forex broker focusing on retail traders. On the other hand, CTrader is only offered by a handful but growing number of Forex brokers including; Pepperstone FxPro IC Markets FXPig OctaFx Kawase Tradeview Forex Fibo Group RoboForex Equiti Capital Both platforms offer demo accounts, hence traders are free to try them out and decide between the dominant MT4…
Part Time Forex Trading with an 8-5 Job Keeping Your Day Job Most people do not have the luxury of quitting their day job to concentrate on full time Forex trading as they have to support themselves and their families. Though trading offers great opportunities in terms of creating wealth or generating an income; it also requires learning and practice in order to start generating consistent returns. Fortunately, the Forex market is available 24 hours a day during the weekdays enabling both full time and part time traders to seize the available opportunities for profit. Below are ways and habits…
The Top Three Cryptocurrency Exchanges Reviewed; Increased demand to acquire cryptocurrencies for speculative, investment and payment reasons has led to the increase of cryptocurrency exchanges. These exchanges fall into two broad categories; those that facilitate exchange of cryptocurrencies with fiat money and those that only offer exchange between different cryptocurrencies. Beyond these two spectrum, we can also categories the exchanges by type as follows; Peer to Peer/Direct trading; these types of exchanges facilitate trading of cryptocurrencies between individuals from the same or different countries. The involved parties are responsible for setting their own prices/exchange rate. Brokers; they set their own…
How forex brokers compete with each other You might know by now that the retail forex industry is literally flooded by numerous brokerage companies. With the competition so tight, brokers are required to look at unique ways in order to create value and attract new customers to raise their market share. Almost all forex brokers offer nearly the same set of trading instruments, which make all of them similar. But this is where the similarities end. In this article, we will look at some of the things that forex brokers use to attract customers. For you, as a trader this…
Why is fundamental analysis important in trading?   Fundamental analysis is a type of analysis which looks at the fundamental or the basic building blocks behind the price movement of an asset. The fundamental basis can be a number of things. But most commonly, fundamental analysis focuses on aspects such as cashflows, valuation and future expectations. Fundamental analysis is widely used in all types of financial markets; Whether you want to trade equities, commodities or currencies. The main purpose of fundamental analysis is to answer the question of whether the asset is rightly priced and what is behind the movement…
Thursday, 07 February 2019 08:12

How Do Forex Liquidity Providers Work

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How Do Forex Liquidity Provider Work   A liquid market is very essential especially for Forex traders to make swift trade transactions at low costs. Hence, before looking at how Forex liquidty providers work, it is important to first understand the meaning of liquidity. For any investment, liquidity refers to the speed at which an investor can exchange his/her investment into cash. For instance, real estate investors will typically take five days to complete a transaction while others may take months on end. In the Forex market; it is the ability to exchange one currency with another fast and smoothly…
Tuesday, 05 February 2019 21:41

Introduction to PAMM Accounts

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Introduction to PAMM Accounts Are you an exemplarily profitable and consistent Forex trader without enough trading capital to rake in enough income? Or are you interested in making passive income in the Forex market but without enough skills to trade yourself? If so, PAMM Accounts are for you. The Percentage Allocation Management Module or Percentage Allocation Money Management; often just referred to as PAMM by players in the Forex industry allows traders to manage multiple client accounts held in the same Forex brokerage firm. To understand PAMM accounts better, let us look at the players involved; The PAMM Account manager;…
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