Well, when we open a new position, we always want to make some profit from it. Sometimes we can guess where the wind comes from and sometimes we can not.
For making a revenue in Forex, we first decide the rate between a value and a value. For example USDCHF will be on 1.0400 – 1.0490 [...]
0 comments admin | Currencies, Forex, Forex Education, General, Resources, Trading |
As we told on the previous articles, USD is so strong that you can invest on USD thinking free. The rate vs EUR is on 1.3500 around. This is really amazing if you look at back about two months. It was nearly 1.4600 – 1.4800. This is about 1300 pips which can make you a [...]
2 comments admin | Currencies, Forex, Forex Education, Money, Trading |
In a big country such as USA, China, Canada, Turkey etc… Unemployment rate is a unique indicator for economy. When a person becomes unemployed, he/she can not survive his/her life easily. He/She needs money to continue his/her life. In big countries, when a person falls like a this situation, the goverment helps him for some [...]
On the net, you will find many types of educational documents. Of course, reading and reviewing all of them will give you power. However, get focus on using a demo account in Forex. Because it’s a kind of real world of Forex. The only difference is “investing with unreal money”
Also viewing the charts and characteristic [...]
In our example from the previous article, we actually alluded to a few things. The first, is that there were a few costs in our example trade of 1 lot of GBP/USD. The hidden cost is the “spread†or the commission the broker earns for completing our trade.
How Forex Spreads Work
Unlike stocks or other tradeable [...]
Technical analysis is very much different from fundamental analysis in that a technical analyst assumes that the price shows all known information about a currency pair. For the most part, forex technical analysts study charts rather than economic indicators to find the best entry and exit prices.
How Technical Analysis Works
Technical analysts use indicators and chart [...]
In the Forex market, prices are quoted in pips. Pip stands for “percentage in point†and is the fourth decimal point, which is 1/100th of 1%.
In EUR/USD, a 3 pip spread is quoted as 1.2500/1.2503
Among the major currencies, the only exception to that rule is the Japanese yen. In USD/JPY, the quotation is only taken [...]
The Stop Loss
A stop loss should be entered for each and every trade you ever make on the foreign exchange market. A stop loss prevents you from runaway losers, due to the fact that it will automatically close a losing position before your account balance is depleted. It would never be recommended to trade without [...]
The Basics of The Forex Market
The foreign-exchange market, or forex, is the largest market in the world by volume. That is, more money exchanges hands on the foreign exchange than in any market in the world. Some $1.5 Trillion is exchanged daily, compared to $25 billion on the New York Stock Exchange. Across the world, [...]
2 comments admin | Forex, Forex Education, General, Resources, Trading |
Yes, a good FOREX Trading Course can turn you into a successful FOREX trader. That is why you are here, right?
You realize the potential in the Foreign Exchange (FOREX) markets, and you know that your best chance of capturing your share of that potential is by getting a great FOREX education. But let’s not jump [...]