All about the Forex Market, Trade Ideas and charts
If you would like to get into investing in foreign exchange then you will need a forex broker, a broker will allow you to execute the trades that you will need to make in order to trade. The first place to start would be to google the top forex brokers, as the market has matured there’s a plethora of forex...
A career where you become your own boss, work when you like and make a good income all without leaving the house. Sounds good? Well, this is the dream of many online traders. Having ultimate flexibility given today’s job market is extremely appealing. But as you’ll see below there are drawbacks and there’s a lot to consider before making the...
So it happened, the most unlikely President in US history is on the verge of being inaugurated as US President. For investors surely the next question is what is the Donald Trump effect going to have on the US dollar? Well, initial signs in the business community at least are good. The Dow Jones has been on a stellar run...
So holiday season is finally here, you’ve bought all your presents and decorated the lounge, now to turn your mind to potential trading volatility during the Christmas break in Forex rates. Volatility during trading at Christmas can play havoc with your Forex trading, with banks being closed and people being off work, there is also plenty of outside interference taking...
Sometimes you get confused whether to place a limit order or a stop order in a certain position but believe me it’s not that difficult if you know the basics. BUY LIMIT vs BUY STOP: If you are expecting a reversal or a retracement then placing a limit order is the correct idea. This usually happens at support and resistance levels,...
All ready to start trading? But wait how should I enter the market? What should I do? I’m assuming you’re all set up with your broker at this point and have your account loaded up and Metatrader installed on your system. Once you’re logged in, you’ll see a lot of possible options in there for you. Below you’ll see what...
There’s a reason not a lot of people can stomach trading currencies. There are things you should be aware of as well before you start your adventure as a Forex trader. These things I’ve learnt over time by making a lot of mistakes and losing real money making them, but those mistakes, those losses later taught me how to avoid being...
You must have heard people talking about stocks and indices in your FX chat room or at any other Forex forum that you joined to gain insight about the Foreign Exchange world. If you are new to Forex then you start thinking that why are they so interested in stocks and indices even though they are not trading them? Why...
In our earlier post Identifying candlestick patterns part 1 we discussed some major patterns now we will discuss few more important patterns which are easy to identify and can help you out in predicting future outcomes in the Forex market. Candlestick patterns in Forex BULLISH ENGULFING Bullish engulfing is formed by two candlesticks. When a small bearish candlestick is fully covered by...
What is Forex? Foreign Exchange is the currency market and consists of different currency pairs that you’ve probably heard of and these currencies are the form of trade used in different countries around the world. Forex trading is basically buying and selling in currency pairs, these pairs are the value of the two currencies against each other, for example the EURUSD pair, anyone...
