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Forex Blog & Articles

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 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…
21 Signs you have what it takes to be a Forex Trader While the debate about whether good traders are born by nature or nurtured continues, there are some traits that are exhibited which can lay the ground for you. If you have been considering to become a successful forex trader, here are 21 signs that you might be on the right track. 1. You have the patience of a sniper You are a patient person, and you wait for the right opportunity to strike in general. You are prepared but aren't impulsive enough to pull the trigger immediately. You…
Saturday, 19 January 2019 19:32

50 Fascinating facts about Forex

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50 Fascinating facts about Forex Think you know all there is to know about forex and currencies? Think again! 1. China created the first paper money in the world, some 1400 years ago!2. Up to World War II, tea was used a form of currency in Asia, spanning countries such as China, Tibet, Mongolia and Central Asia3. The word dollar finds its origins in the world thaler from Eastern Europe. Silver coins were called as thalers and used widely in Europe between 16th and 19th century. The thaler transformed to the dollar.4. The British pound sterling is the world's oldest…
Best Practices for Managing and Operating a Forex Account Managing and operating a forex account is not as easy as it may sound. The failure to be attentive may result in heavy losses, a situation every trader wants to avoid. Below are some of the best practices for managing and operating a forex account that will guarantee you successful trading in the forex market? 1. Take the Time to Find a Reputable Broker As you are starting out, you will have a variety of forex brokers to deal with or choose from. Even though the forex market is regulated, it…
Types of forex signals services and how you can use them   Trading can be difficult; to put it very bluntly and there is a lot of truth to the cliché that more than 90% of retail traders lose money. Let's face it, not everyone is cut out for trading. If not, then we would all be traders, making big money and sitting on yachts taking our dream holidays. There is a reason why you take your car for a fix up to a mechanic and not to a doctor. For the very same reason, if you want to trade…
5 things to know before trading on a recommendation   We all know that intensive study and research is the key to success and part of this is reading as many expert’s opinions as possible. You may find these opinions practically everywhere: newspapers (Financial Times, Wall Street Journal, etc), magazines (The Economist, Forbes, Business Week, Barron’s, etc), websites (marketwatch.com, bloomberg.com, reuters.com, money.cnn.com, etc), blogs, you name it. There is plenty of information provided by thousands of experts. However, how do you navigate this sea of information? How do you know if an “expert” is really an expert? How can you…
7 Important things about your trading platform   Trading is a fight. The trading floor is like a boxing ring in which millions of traders fight for winning or at least for survival. In order for you to succeed, you need all the help you can get and the first one is your trading platform. The trading platform should not be just a tool that helps you place orders, but it should be a weapon and a way of making a difference. In order for this to happen it must fulfill some requirements, different from trader to trader. Without saying…
What are the benefits of trading with a regulated broker?   In an ever evolving world of the internet, it is now just as easy to set up an elaborate business to attract clients or customers only to shut shop and disappear. Anyone who has bought something or used a service at some point might have had their brush with some kind of scam at one point. With the retail forex world which has grown by leaps and bounds, as a trader you too must have question the legitimacy of a regulated forex broker and an unregulated forex broker. So…
5 Things to check before starting your trading session   “Today it is a good day for making money” - that’s what you said to yourself this morning. Now that the opening bell is about to ring on the trading floor, you’re in front of your computer and you are eager to start trading. Still, before that, take a look at the tips below as they may help you avoid losing any money. 1. Make sure you’re in good physical shapeYesterday you’ve had a great trading day, one of those days when every trade goes your way, so you felt…
Friday, 18 January 2019 12:08

8 Basic Rules any trader should obey

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8 Basic Rules any trader should obey   Did you ever wonder what is the difference between winners and losers in the long term? Like most people you probably think the answer is education. Then, you read a few more books, some articles and thought that was it. Now you’re the man. Well… guess what? It’s not that. Any of us can swallow tons of information and still some will produce better results. Even though you may hear them being called Uber-traders, they actually have one simple thing in common: discipline. Let me elaborate and make it easier for you…

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