How to Trade Forex for Beginners
Forex trading can be a daunting task for an inexperienced beginner. Most newcomers set some unrealistic goals when they get into Forex, and it adds to their frustration with Forex. Here is one fact I want you to keep at the back of your mind, Forex Trading is not a get-rich-scheme. This article details the […]
How to trade Forex?
Let’s start with a concise explanation of what Forex is before getting into how to trade it. If you are already familiar with the concept, just jump to “how to trade Forex” section of the article. What is Forex? Forex is an abbreviation of foreign currency exchange. It is the process of converting one currency […]
How to Day Trade Forex?
Day Trading Forex — Basic Guidelines Most of the day trades in the Forex market are based on these simple concepts. For simplicity, assume we are talking about an UPTREND unless otherwise noted. The same concepts apply to downtrends. Trade when London and/or the US markets are open. Trade from 8:30 to 10:30 AM EST, […]
How does Forex trading work?
Foreign exchange trading was once something that people only did when they needed foreign currency to use when traveling in other countries. It involved exchanging some of their local country’s currency for another at a bank or foreign exchange broker, and they would receive their foreign currency at the current exchange rate offered by the […]
What is Margin in Forex?
You are only required to put up a little amount of capital to open and maintain a new position when trading Forex. This initial deposit is called the margin. For instance, if you want to buy $200,000 worth of EUR/USD, you don’t necessarily need to deposit the entire amount, you simply need to invest a […]
How to use Fundamental Analysis in Forex Trading?
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. If you think about it, this makes a whole lot of sense! It is supply and demand that determines price, or in our case, the currency exchange […]
What does Bullish and Bearish mean in Forex?
In Forex “Bullish” means that an investor believes that a stock or the overall market will go higher. “Bearish” means that an investor believes a stock will go down or underperform. However, bullish can mean different things — especially for short-term and long-term traders. Bullish short-term trading If a short-term trader is bullish, he or […]
What is Leverage on Forex Trading?
To trade $100,000 of currency, with a margin of %1, an investor will only have to deposit $1,000 into his margin account. The leverage provided on a trade like this is 100:1. Both investors and companies use the concept of leverage. Investors use leverage to significantly increase the returns that can be provided on an […]
How hard is it to learn Forex trading?
You want to start making extra money trading on Forex, but you are wondering how hard is it to learn Forex trading? First, congratulations on finding this article because at the end of it you will understand how easy it is to trade Forex. Secondly, once you are done reading this article, go straight to […]