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 20:16
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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Saturday, 19 January 2019 19:59
5 (Five) annoying things Forex Brokers do
Written by AllFXBrokers Support
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…
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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…
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Saturday, 19 January 2019 19:54
Expos and why Forex Brokers pay for their booths
Written by AllFXBrokers Support
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…
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Saturday, 19 January 2019 19:53
Forex trading tips - Things to know to be a successful forex trader
Written by AllFXBrokers Support
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…
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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…
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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…
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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…
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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
