Forex Blog & Articles
This blog provides Informational & Educational material to help you grow your Forex Skills
BLOG FOREX INFORMATION & EDUCATIONAL ARTICLES - Ordered by Date Published
Saturday, 19 January 2019 20:34
What is A book and B book in forex trading?
Written by AllFXBrokers Support
What is A book and B book in forex trading? What’s in book, you might ask? Well, no matter what market you trade, fact is that for most investors and traders, you can only get access to the financial market through your broker. Your broker, in turn has an option to execute your trade in one of the many ways. Books, in trading are commonly used in order to mitigate risk. The term book is similar to a book used in accounting, such as ledger. The ledger keeps tracks of the cashflow. An accountant, in most cases has the ask…
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Saturday, 19 January 2019 20:33
What is algorithmic trading and how does it work?
Written by AllFXBrokers Support
What is algorithmic trading and how does it work? Algorithmic trading is an advanced form of automated trading, often employed by large hedge funds and investment banking firms. Most traders often mistake algorithmic trading to be similar to using an expert advisor. An expert advisor is a type of trading script that buys and sells based on the trading logic that it is programmed to do. Algorithmic trading is somewhat similar to an EA. The difference being that algorithmic trading goes beyond a normal EA. In technical jargon, algorithmic trading is also known as algo trading or back box trading.…
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What are the top 5 forex platforms Not all trading platforms are created equal. Depending on the broker that you use, chances are that you have a choice to choose between the numerous trading platforms that are available these days. But as with anything, choosing a trading platform is more of a personal choice than anything else. What works for you, might not work for the trader next door. Still, today, there are numerous choices that are available for a trader. While most brokers offer a free trading platform, there are also trading platforms that you can purchase and simply…
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Saturday, 19 January 2019 20:30
What's the difference between fixed and variable spreads?
Written by AllFXBrokers Support
What's the difference between fixed and variable spreads? A spread, in the financial markets is the difference between the bid and the ask price. No matter what markets you trade, you will always see that there is a spread on the price. If you come across a broker that promises you zero spread, chances are that either they are lying or there are fees that you just don't know about. Before we begin to explore the difference between a fixed and variable spread, we should understand the concept of spread. What is a spread? As previously mentioned, a spread is…
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Identifying trends in forex Trends are the most important aspect when it comes to analyzing the financial markets. One of the key things, regardless of the kind of technical analysis is the trend. Therefore, it is important for traders to have a thorough understanding of the trend. The trends in the financial market were first postulated by Charles Dow. Known as the father of the trend, Charles Dow was the first to identify the different types of trends in the market. According to Dow, known as the Dow Theory there are three major trends in the market. The primary trend…
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Saturday, 19 January 2019 20:27
How listening to music can affect your trading
Written by AllFXBrokers Support
How listening to music can affect your trading Everyone loves to listen to music. While some prefer soothing sounds, there are others who prefer more active kind of music. The music we listen to, often influences our mood and the way we react to things. Anyone who has had a desk job, at some point has plugged in their earphones to focus on the work they do. It is often said that music can influence our psyche. In forex trading, you very well know that trading psychology plays an important role. As a result, the music you listen to while…
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How to Trade with a Pending Order? There are several types of orders on Forex. Each of them has its pros and cons. But in this article, I would like to tell you what are pending orders and how to set them. So, let’s go. A pending order is a trader's request to buy or sell when the price reaches a certain level. That is, if the price rises (or falls) to the desired level, pending orders will turn into transactions. Pending orders allow us to react in time to a change in the current market situation, if you suddenly…
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Saturday, 19 January 2019 20:16
Five traits that are common to poker and forex trading
Written by AllFXBrokers Support
Five traits that are common to poker and forex trading There is no shortage of information when it comes to drawing comparisons between a game of poker and trading the financial markets. While it is one argument about whether poker is a game of skill or gambling, that is clear is the fact that there are quite a few common things that a poker player and a forex trader can identify with. You don't really need to know how to play poker. However, these common traits will help readers better understand what it takes to win.. Whether you are trading…
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Saturday, 19 January 2019 20:14
5 Tips to stay focused while Forex Trading
Written by AllFXBrokers Support
5 Tips to stay focused while Forex Trading Forex trading can often be taxing especially when you are trading day in and day out. At some point fatigue, distractions can often cloud the judgment of the day trader. For the most part, the biggest challenge for forex traders is staying focused. This is even more important especially when a trader has taken a string of losses. For traders, staying focused even after the markets beat you down is of utmost importance. This is how emotions start to creep into the trader's psyche which will result in incurring further losses. Almost…
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What is Cryptocurrency? Cryptocurrency is the latest fad to hit the financial markets made famous by names such as Bitcoin or Ethereum and Litecoin. As the name suggests, a cryptocurrency is digital money or an asset. It acts just like a normal currency. This means that a cryptocurrency is a medium of exchange. The difference however is that crypto currencies exist only on the internet. A cryptocurrency also differs from the fact that it uses cryptography to maintain integrity of the cryptocurrency and its security. A cryptocurrency is also known as a virtual currency as well. Cryptocurrency came into the…
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Saturday, 19 January 2019 20:12
What is Trailing Stop Loss and how to use it?
Written by AllFXBrokers Support
What is Trailing Stop Loss and how to use it? A trailing stop loss order is a type of order that allows the trader to capitalize on the gains from a trade when it moves in the direction of the trade. At the same time, a trailing stop order is triggered and automatically closed when the trade reverses by a specified number of pips or ticks. A trailing stop is nothing but a stop loss order. The difference however is that it is more dynamic. Once a trailing stop order is set, a trader does not need to intervene. There…
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What is Forex Stop Hunting? Stop hunting, at the name suggests refers to the phenomenon when price reverses sharply (usually resulting in a long wick). This sudden and sharp movement occurs usually when some important economic news is released. Stop hunting happens when a lot of traders’ orders are liquidated. In most cases, these are the stop loss orders. Whether a trader is long or short, stop hunting happens when then stop loss order is hit and soon after the trade moves in the opposite positions. Forex stop hunting is obviously the most despised event that retail traders wish not…
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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…
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Saturday, 19 January 2019 20:07
Why fx traders always search to find forex brokers?
Written by AllFXBrokers Support
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.…
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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…
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Forex Blog Articles
- 21 Signs you have what it takes to be a Forex Trader
- Five things to know before you trade Crude oil
- Part Time Forex Trading with an 8-5 Job
- How to use seasonal trends to trade Commodity CFDs?
- Quality of Trade Execution
- What are Median Lines (Andrews Pitchfork?)
- How to make money in the world of forex?
- Why are interest rates so important for FX traders?
- How to read and understand a trading signal's statistics
- What's the difference between fixed and variable spreads?
