The forex market has very many investors, but only a couple of them are truly successful. Most forex traders fail for the same reasons that affect investors in other asset classes. Various websites estimate that about 70% to 80% of traders lose money and end up quitting. Using borrowed capital […]
To venture into forex trading, you need a good amount of capital and a proper trading strategy. However, in the beginning, you might want to consider brokers that offer small trading because you’re inexperienced and don’t want to lose money. This is where a mini trading account comes in handy […]
Volume indicators are playa crucial part of technical analysis but many traders ignore them. Apart from facilitating the confirmation of patterns and trends, the volume demonstrates the total stocks sold and bought in the market at a particular period. Traders can then leverage that data to assess other trader’s perceptions […]
A forex broker is a company that offers traders a platform for selling and buying foreign currencies. If you are considering becoming a forex trader, then finding the right broker is your number one priority. The forex market is so broad and has attracted a lot of traders and brokers. […]
When trading forex, you will come across the terms technical and fundamental analysis. Technical analysis is a trading style based on volume data or stock price. It is used to identify trading prospects and evaluate investment opportunities. It does this by assessing statistical trends obtained from trading activity. It uses […]
To become a profitable forex trader, you need to know how to analyze the market. The proper analysis provides you with the best currency pair to trade. Also, it gives you the best point to enter and exit a trade profitably. There are three different methods of forex market analysis. […]
Forex trading is complex and thus requires sophisticated tools to navigate. There are a variety of online forex trading tools that a forex trader can invest in. Fibonacci retracements tool is one of the tools that are invaluable for the forex trader. This tool performs all the functions that a […]
Technical pointers are arithmetic tabulations that are schemed as lines on a graphical price representation. Technical pointers can assist traders and merchants alike in identifying certain trends within the market. Whether or not you are party to commodity or forex exchanging, it is in your best interest to employ technical […]
Forex scalping is a forex trading technique where a forex trader participates in vast trade niches to consolidate the different profits earned. It allows a trader to risk on many forex trade pairs thereby increasing chances of widening the profit base. Forex scalping has both pros and cons and is […]
One of the online tools that you can use in forex trading is the Fibonacci retracement strategy. Fibonacci is software that forex traders use to place an order in the market. The advantage of using the Fibonacci strategy is that you increase your profits and minimize the losses. You will […]
