What Every Newbie Should Know About Forex Trading

August 16, 2019

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…


HotForex Copytrading?

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…

August 13, 2019

Chart Patterns

Chart Patterns
July 18, 2019

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…


Chart Types in Forex (Line, Bar, Candlesticks)

Line Chart
July 11, 2019

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…


Risks Involved in Forex Trading

Risks Involved in Forex Trading
July 9, 2019

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…


Trading Styles (Scalper, Day Trading, Swing Trading & Position Trading)

June 30, 2019

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…


Understanding Japanese Candlesticks (Bullish and Bearish)

Japanese Candlesticks
June 23, 2019

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…


A Guide to Forex Currency Pairs

Guide to Forex Currency Pairs
May 3, 2019

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…


Predicting Early Market Movement – Leading vs. Lagging Indicators

Predicting Early Market Movement
April 28, 2019

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…


Long and Short Positions

Long Position
March 31, 2019

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…