TradeForex.NG has its roots in education.
We provide many articles on Forex education, Forex strategies and different types of Forex analysis.
In this category we cover topics like hedging, scalping as well as different types of Forex terminology. Here we also answer questions like the best time to trade forex, what CFD trading is and what a pip is.
Before moving on to how to choose a broker, how about starting first with the basics and understanding what is Forex?
At TradeForex.NG we seek to share insightful articles that traders can learn from before investing capital, and during their trading journey.
Our education articles will help you on your way to successful trading.
The Forex market can be lucrative for different people. But the number of successful traders is few as compared to losing traders. As a new trader, it is important for traders to get useful advice before participating in the Forex market. Before investing your money in the market, ensure you understand the following; Invest in Education Education cannot be ignored in Forex trading. Just like any other field, new traders…
Tired of trading on your own?Trust other people more than yourself? Then it’s time to try the copytrading over at HotForex, as it’s one of the best platforms out there! Copytrading is a great way of simply following a profitable trader and get the profits and benefits without spending time on trading and analyzing charts on your own. HotForex has been at the forefront in regards to copytrading systems for…
There are many strategies used by Forex traders to trade the Forex market. One strategy is through using Forex chart patterns that regularly occur in the market. These patterns show traders where price may be likely heading to. Some of these Forex patterns are and not limited to: Double Top This is a pattern that is formed after an uptrend. The tops are formed when the price reaches a certain…
Forex charts are tools used to study price changes during a chosen time period. For example, charts show minute, hourly, daily, weekly and monthly price movements. This helps traders predict the future short and long term price movements. The most common chart types are the line, bar, and candlestick charts. They are discussed below: Line Chart In this chart, the price movement is shown by lines connecting from one closing…
The Forex market presents a great investment opportunity for traders to profit. A $5 trillion daily worth of transactions shows what a profitable venture it is. Understanding the market and having an effective trading plan is essential for success in the market. However, there are risks involved in Forex trading that you should know about. They are as follows: Liquidity Risk Liquidity risk is the risk that arises when there…
All human beings are different, and so are Forex traders. A look through the MetaTrader 4 platform will show you different time frames used by traders. These are the 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly time frames. Different traders use the various time frames listed above according to their preferences and as a result these influence their trading styles. In…
There are different ways to analyse price movement in the Forex market. Technical analysis is one way to do it. It involves studying the historical price movement to determine the probable future price movement.Line charts, bar charts, and candlestick charts are applied in technical analysis. They help in showing price fluctuations across different time frames. One very popular chart is the candlestick chart. What is a Japanese Candlestick Chart? Japanese…
In case you didn’t know, Forex is the most traded product in online trading today; In this article we are going to briefly discuss the main Forex pair categories. We will explain what are the Major, Minor, Crosses and Exotic currency pairs. After reading this article you will be able to understand the difference between all categories and how to approach them when an opportunity arises. Forex Majors Forex majors…
In financial trading almost every trader uses some kind of technical indicator for market prediction or to validate his/her trade decisions. There are hundreds of indicators for predicting early market movement available in different platforms and over the internet based on different strategies and mathematical calculations. Now the problem is most of them are lagging indicators, meaning they generate a Buy or Sell signal when the market is already moving…
Understanding the Long and Short Positions in Forex For novice traders, terms used in the Forex market may be confusing. Hence the significance of understanding Forex terminologies and what they represent. Today we’ll be dealing with long and short positions. As you know, trading currencies involve buying one currency while simultaneously selling another. Therefore, traders take either long or short positions in the market. These positions are discussed below; What…