What Discourages Forex Traders

What Discourages Forex Traders
2019-October-01

The Forex market provides a lucrative opportunity for traders to earn profits. Studying and understanding how the Forex market works add to the chance of being successful. Some traders have given up already, others are thinking about it, and there are people interested in Forex trading but are yet to take the plunge. This article will explain to you some of the reasons that discourage Forex traders from participating in…

Read More >>

What to Look Out For Before Moving From a Demo to a Live Trading Account

Moving From a Demo
2019-September-20

Are you ready to trade live? A Demo account offers a safe place for traders to hone their skills without the fear of losing money. But what is next after trading a Demo account? What factors will you consider before moving from a Demo account to a Live account? This article will help guide you. Here is what to consider as you advance into Live Trading. Consistent Profits As you…

Read More >>

What Every Newbie Should Know About Forex Trading

2019-August-16

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…

Read More >>

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…

2019-August-13
Read More >>

Chart Patterns

Chart Patterns
2019-July-18

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…

Read More >>

Chart Types in Forex (Line, Bar, Candlesticks)

Line Chart
2019-July-11

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…

Read More >>

Risks Involved in Forex Trading

Risks Involved in Forex Trading
2019-July-09

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…

Read More >>

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

2019-June-30

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…

Read More >>

6 Awesome Tips For Success In Forex Trading

tips for success in forex trading
2019-June-09

The Forex market has a daily transaction of $5 trillion. Trading currencies, CFDs, indices, commodities, and metals among others present a lucrative opportunity to make profits. However, that doesn’t guarantee success trading the market. According to research, a huge percentage of traders lose money. Only a small percentage makes profits consistently. Below are our 6 awesome tips for success in forex trading. These can help you be successful in your…

Read More >>

A Guide to Forex Currency Pairs

Guide to Forex Currency Pairs
2019-May-03

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…

Read More >>