Forex Blog & Articles

Forex Blog & Articles

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

Saturday, 19 January 2019 20:09

What is a social trading network?

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What is a social trading network? Social trading network or a social trading platform is similar to Facebook or LinkedIn. However, social trading goes beyond just networking and making friends. Social trading network also offers to share trade recommendations and even trading ideas and signals. Social trading is something new that has grown exponentially in the past five years. When talking about social trading, the name eToro cannot be missed. eToro was one of the first social trading brokers that pioneered the concept. With adequate funding from institutional investors, eToro has today become a household name when it comes to…
Why are traders always searching forex brokers? The search for forex brokers is probably something that most forex traders do on a regular basis. This is somewhat akin to searching for the "Holy Grail" trading system. Most traders, especially those who are beginners, often end up in this cycle, jumping from one forex broker to another and looking for the next best trading system with which they can make money. So what are the reasons behind traders always searching for forex brokers and what are the reasons behind that? Let's take a look at some of the most common reasons.…
Saturday, 19 January 2019 20:05

Benefits of MetaTrader 5 Trading Platform

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Benefits of MetaTrader 5 Trading Platform Metaquotes, the company that created the hugely successful MetaTrader 4 platform for currency trading, introduced the multi-asset trading platform MetaTrader 5 (MT5) in 2010. The MT5 platform was created using MQL5, a special programming language, to provide multiple functionalities to it. The revised version of this platform released subsequently offers enhanced capabilities and help you to trade a wide range of products on the platform. This is to say that you can use the MT5 platform to trade other assets such as stocks and commodities, among others, in addition to currencies. The brokers offering…
Saturday, 19 January 2019 19:59

5 (Five) annoying things Forex Brokers do

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5 (Five) annoying things Forex Brokers do Forex brokers have become the main pillar when it comes to retail forex trading. Whether we like it or not, forex brokers are the middlemen that connect retail traders to the interbank markets. While forex brokers were mainly concentrated in the area of market makers, as volumes began to grow, a new breed of forex brokers known as straight through processing (STP) and Electronic Communications Network (ECN) brokers began to appear as well. Still, no matter what, there are brokers who do some things that can be quite annoying for us traders. Let's…
Saturday, 19 January 2019 19:56

Do Forex signals really work?

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Do Forex signals really work? Forex signals are probably one of the most sought after service by forex traders. For the most part, it is the beginner traders or those who do not have enough knowledge of the forex markets who look to using a forex signals service. These days, one can subscribe to a forex signals service for as little as $5 a day for a currency pair. A quick search on the Internet will reveal quite a few forex signals services, each one promising to make you hundreds of pips a day or a week. Most often, it…
Expos and why Forex Brokers pay for their booths Forex trading expositions or expos for short are nothing but tradeshow fairs for the forex industry. There are quite a few expos that are held throughout the year. Some focus on the B2B side of the markets, connecting forex brokers, liquidity providers and other technology services. Then, there are B2C expos that focus on connecting forex brokers with potential traders. In most cases, the B2C expos are often more profitable for the forex brokers. This is because, when done right, forex brokers can look at acquiring new traders within the duration…
Forex trading tips - Things to know to be a successful forex trader When it comes to trading forex, every beginner dreams of making it big. Indeed, the lure of trading the world of currencies and the potential rewards the markets can give often blinds potential traders from the glaring potholes that are filled in the journey. Somewhere down the line, traders end up realizing that trading forex is not that easy as it seems. This is where traders start looking for short cuts that could help put them back on the right direction of success. And so, the search…
Saturday, 19 January 2019 19:51

What is forex trading?

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What is forex trading? For many people, including financial traders (stocks, bonds and other types of markets) the question of what is forex trading often comes up. Foreign exchange or forex trading deals with exchanging one currency pair for another at the prevailing price that is set by the markets. The forex or currency markets are one of the largest in the world, estimated to have nearly $5 trillion in daily turnover on average. Despite the fact that the forex markets clearly overshadow the stock markets, they are largely unregulated as most of the dealing is done over the counter…
Saturday, 19 January 2019 19:49

Things Successful Forex Traders Do

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Things Successful Forex Traders Do In just about any career, or profession, there are a few super achievers who make things look very simple. Regardless of whether it is sports or medicine or even finance, there are some who absolutely hit the ball out of the park when it comes to excelling in their professions. The forex industry is also no newcomer as there are many professional traders who make it big in the industry and have earned a reputation for themselves as being a professional and a super trader. The question of whether successful forex traders are born or…
Saturday, 19 January 2019 19:47

How to trade forex successfully?

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How to trade forex successfully? Learning how to trade forex successfully, contrary to what you might think is not a straight forward method which once you follow will make you a success in the forex markets. You will not find success in forex from reading just a few books or watching webinars, but in fact every day you trade or practice to trade is a process of learning that puts you one step closer towards achieving success in trading forex. Think about the time when you were in school. Not every kid in your class got the same grades, despite…
Saturday, 19 January 2019 19:46

How to trade Forex in the US

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How to trade Forex in the US If you reside in the US, you have probably had trouble finding a Forex broker to enable you trade in the Forex market, even though there are so many brokers around the world. This is because of stricter regulations in the US compared to other countries which prevent more brokers from operating there. Keep in mind that Forex trading is not restricted in the US, it’s just more heavily regulated. Why aren’t there many Forex brokers in the US? After the 2007 - 2008 financial crisis, financial regulators felt that it was important…
Why do you need to set "Take Profit" (T/P) and "Stop Loss" (S/L) orders? Traders often argue about the necessity of setting "Stop Loss" and "Take Profit" orders. Some say that there can not be proper trading without them, some state that working without these orders more profit can be produced. Many newbies are confused with these discussions and can not decide what they should do. By reading further down you can understand the reason these orders are useful and necessary. In fact, they are one of the most important elements of money management. They insure you from losing money…
Three Unique Chart Types to give you a different perspective of the Markets For many traders who base their trading decisions from the technical analysis or chart patterns, the candlestick charts are one of the most widely used chart types. Of course, there is also the bar chart and the line charts which are also used every now and then and let's not forget the Heikin Ashi candlestick charts often used in conjunction with trends. While the above four chart types are the most common, there are also some unconventional charts that are less popular but they give some unique…
Saturday, 19 January 2019 19:39

Are We Looking at a Global Economic Meltdown?

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Are We Looking at a Global Economic Meltdown? Some very deep global reasons have been attributed to the recent decision of the Federal Reserve board not to raise the interest rates. This would have been the first interest rate in a whole period of 9 years should the decision has been positive. However, Janet Yellen, the Federal Reserve Chair stated that the decision to shelve raising the interest at this time is as a result of the slowing global economy which also includes China. This development has become a source of worry to the US and for others who have…
Saturday, 19 January 2019 19:37

The Best Time to Trade Forex

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The Best Time to Trade Forex "When is the BEST time to trade Forex?" A normal answer is "ANYTIME is a good time” but that answer almost always draws sighs from the crowd. We say "ANYTIME is a good time" primarily because the Forex Market is open 24 hours a day, 5 days a week from Monday to Friday. The lack of a physical exchange allows the Forex Market to conduct business on a 24 hour time frame across the chief financial centres. That's why the Forex Market is sometimes known as an "Over-The-Counter" Market. When you are supposed to…
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