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, 02 November 2019 10:32
Does using an expert advisor help you make money in forex?
Written by AllFXBrokers Support
Does using an expert advisor help you make money in forex? For many traders, it can take years if not more to see real results in trading forex. While everyone can make a profitable trade every now and then, it takes a lot more to make this consistent. Many traders strive to make money in forex in a consistent way. But this requires a lot of dedication and practice and of course patience. But when there are automated solutions available, sometimes traders can get tempted to take the short cut. Some traders swear by trading only with an expert advisor.…
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Monday, 21 October 2019 05:45
Why are interest rates so important for FX traders?
Written by AllFXBrokers Support
Why are interest rates so important for FX traders? When it comes to the forex markets, there is one aspect that trumps just about anything else. Many people might think that economic indicators may move the markets a lot. Of course, you will often see reports such as employment, inflation and so on making a major impact. However, it is interest rates which plays a major role behind these market moves. If you look at it, a jobs report might have a big impact on the FX currency pairs. But the reason why it has such an impact is because…
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Monday, 21 October 2019 05:39
Five things to know before you trade Crude oil
Written by AllFXBrokers Support
Five things to know before you trade Crude oil Crude oil, as a commodity is one of the volatile instruments. When you get your trades right, you can make quite some big profits. Due to the volatility in the oil markets, there are ample opportunities for traders. Crude oil is also known as fossil fuel, because the oil is derived from fossils buried deep under the earth. Oil is often called the Black gold. It is one of the most important commodities that powers global economies. Therefore, one can get a pretty good understanding of the economy based on the…
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Using a Money Manager to trade for me A money manager, also known as a fund manager is a trader/investor who trades on behalf of their client funds. There are both risks and benefits of using a money or a fund manager. For the most part, a fund manager is expected to be a successful trader. The primary goal of the fund manager is to use the collective pool of funds in order to make bets in the market. A money manager is often used as a term as someone who trades most currencies. The way a fund manager…
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A Day In The Life Of A Forex Trader The Forex trading lifestyle is usually depicted as one full of glamour with traders showcasing their new sport cars and yachts on YouTube channels and other documentaries. A more serious depiction of the trading lifestyle is related by many from the Million Dollar Trader documentary by Lex Van Dam that sort to make ordinally people traders. Hence, before you quit your day job for the pyjama lifestyle and overnight riches, let us have a look at how the Forex trading lifestyle really is by looking at a day in the life…
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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.…
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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…
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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…
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Saturday, 25 May 2019 12:09
Forex trading vs. Cryptocurrency Trading: Pros and cons
Written by AllFXBrokers Support
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…
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Saturday, 06 April 2019 10:38
How Does Quantitative Easing Affect Currency Value
Written by AllFXBrokers Support
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…
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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…
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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…
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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…
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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…
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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…
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Forex Blog Articles
- The History of Bonuses and promotions in the Forex market
- Forex Trading In South Africa
- 5 Tips to stay focused while Forex Trading
- The 2015 EUR/CHF Shock: How the Swiss National Bank Rocked the Forex World
- What is forex trading?
- Why most news traders fail?
- Why are interest rates so important for FX traders?
- Three types of trading principles that you should know
- Three indicators that work best with Bollinger bands
- Reactions During Our Trading
