The first necessary step to having sufficient knowledge of how to trade forex is to ensure you understand the fundamentals of a trade. That’s why today, we’re offering up a complete guide to the basics of the foreign exchange market. Guiding you through both the theory and practice of opening a trade, we’ll ensure that … Continue reading How to Trade Forex: The Fundamentals of a Trade
In the incredibly lucrative and highly competitive forex market, picking a broker that suits both your at-home lifestyle and your personal trading habits can be the key to your success and the potential profitability of your trades. Given the news that the average trading volume on the forex market in 2016 was nearly $5.1 trillion, … Continue reading 3 Things to Consider Before Picking a Broker
First and foremost, when it comes to learning about forex – whether you’re a novice on the trading floor or consider yourself an experienced professional – arguably the most important lesson you need to know is how to understand risk. After all, while this market enables you to make big wins, there’s also a high … Continue reading 3 Handy Habits to Minimise Your Risk Exposure
Forex sentiment is the perception held by market participants which is gained when judging the performance of a currency pair. On the basis of this, traders will then make their trading decisions accordingly. Consequently, sentiment is a fundamental driving force of decision-making movements in the forex market. As a forex trader, it’s your responsibility to … Continue reading Sentiment Analysis: An Informative Beginner’s Guide
Like dieting and working out, in the forex trading market, effective money management is something that most traders preach but few practise day-to-day. Why is this? Well, just like picking yourself up from the sofa on a hot summer’s day and taking yourself to the gym, effectively managing your money in forex can often feel … Continue reading Managing Your Money: The Whats, Whys and Hows
To the veteren trader, incorporating low volatility trading into their forex strategy is often deemed incredibly frustrating, as the opportunity to make what are considered to be ‘good’ trades is reduced. Ultimately though, an integral aspect of knowing how to trade forex successfully is recognising how and when to adapt to constantly changing market conditions. … Continue reading Integrating Low Volatility Trading Into Your Strategy
Amongst all the digital frenzy of the 24/5, globally interconnected forex market, it’s easy to overlook the value of taking it back to basics with a pen and paper. But the fact of the matter is, keeping a trading journal is one of our top forex trading tips for beginners and veterans alike – and … Continue reading 3 Reasons to Keep a Trading Journal
A B C D E F G H I J K L M N O P Q R S T U V W Y A Aggressive – If a trader or price action is acting with particular conviction Aggregate risk – The amount of exposure a financial institution has to forex counterparty … Continue reading Industry Glossary
Forex trading heavily relies on experience, so demo trading is an essential part of the process for forex trading beginners. A forex demo account enables a trader to start free online trading relatively quickly, so they can practise before risking any real money – helping beginners to get a feel for what trading the currency … Continue reading Practice Makes Perfect: 4 Benefits of Demo Trading
As a 24/5 trading platform, traders can enter and exit the forex market at their will. This desirable accessibility means that, for many, forex trading serves as a convenient second source of income worked around their busy schedules. Indeed, for the most advanced forex traders, this can mean spending just 30 minutes a day on … Continue reading Why Time is Money: Making Time For Forex
Reversal trading is a popular forex strategy that, when executed in the right way, can lead to the potential of major profits. But how and why does this advanced strategy work? Today, we’re delving deeper into the benefits of reversal trading, demonstrating how you can incorporate this trading technique into your forex arsenal. So, what … Continue reading Reversal Trading: Your Advanced Strategy Guide
Forex currency pairings form the fundamental foundation of all trades placed on the forex market, serving as the indicators of any profits or losses made from a trade. That’s why in today’s post, we’re offering a comprehensive guide on currency pairings to better explain how currency trading works, ensuring you have all the basic knowledge … Continue reading Forex Currency Pairs 101
Risk management is of fundamental importance to a trader’s success on the forex market. In a risky and volatile trading environment, the ability to minimise the likelihood of losses can make all the difference, often being the defining factor that separates the expert from the novice. That’s where hedging comes in. In today’s post, we’re … Continue reading Hedging Forex: What Does It Mean? (And How to Use it)
Following the recent news that the UK’s withdrawal from the European Union has been further prolonged in attempts to negotiate an exit deal, it’s starting to feel like nobody really knows what’s going on in the crazy world of Brexit. One thing we do know is, whether the UK eventually leaves with a deal or … Continue reading Wreaking Havoc on the Majors? Brexit’s Impact on Forex Trading
As an ‘open all hours’ trading platform, the forex market is readily accessible as and when you want it to be. However, this can easily be just as much of a curse as it is a blessing. So, before you go delving into your next trade at all hours of the day and night, we’re … Continue reading Timing Can Be Everything: When to Trade Forex
Due to the interconnected, digital nature of the international global forex market, it may come as as a surprise that foreign exchange trading is no recent development. On the contrary, the history of currency trading can be traced as far back as the 19th century – though not quite in the same format we know … Continue reading Forex Trading: A Brief History
It doesn’t matter whether you’re a rookie looking to learn to trade forex or a seasoned professional with years of experience, a comprehensive understanding of the psychological aspects of forex trading is imperative to success. That’s why, in today’s post, we’re going beyond forex technical analysis to delve deeper into the characteristics and skill sets … Continue reading Mind Over Matter: The Psychological Aspects of Forex
Part of the undeniable appeal of foreign exchange trading is the 24/5 ‘open all hours’ aspect of the market. Necessary to accommodate all of the global time zones, this exciting dynamic means that, to be a successful currency trader, you must keep your ear to the ground at all times – so staying up-to-date on … Continue reading Currency Trading Apps For Market Monitoring On The Go
As an international 24/5 currency market, foreign exchange trading is heavily influenced by a range of geopolitical factors that have significant impact on the valuation of any given currency. Subsequently, the occurrence of major world events has the ability to cause chaos across the world of forex trading. Today, we’re running through three of the … Continue reading 3 Unforgettable Days In the History of Foreign Exchange Trading
There’s no doubt about it: an optimised workspace plays a fundamental role in achieving forex trading success. The ‘open all hours’ aspect of the 24/5 forex market means that, for many traders, their workspace is actually situated in the comfort of their own home – and while this work-from-home mentality may sound like the dream … Continue reading Creating an At-Home Currency Trading Suite in 3 Easy Steps
The fast-paced life of a successful forex trader can be an exciting and potentially profitable experience, but it shouldn’t be said that it’s an easy ride. On the contrary, any long-term success in forex investing requires a thorough commitment, through the continuous refinement of forex trading strategies and a consistent awareness of the wider contextual … Continue reading A Typical Day On The Foreign Exchange Market
Given its long-standing reputation as the world’s largest and most active financial market, it should come as little surprise that there are numerous factors that can affect how the forex market operates on a daily basis. No factor is arguably more important than changes in currency exchange rates – which, as a result, can considerably … Continue reading Contextual Factors That Affect Currency Valuation
With an average daily turnover estimated at $5.1 trillion in 2016, it should come as little surprise that the foreign exchange market is recognised to be the largest and most liquid financial market in the world – however, given its status and size, this doesn’t come without its challenges. Due to the forex market’s 24/5 … Continue reading A Guide to Understanding Forex Market Legalities
As the world’s most liquid market, it may come as a surprise to you that there is no one international supervisory body monitoring the daily activity of currency trades placed on the forex market. Instead, there are multiple governing bodies across the globe managing brokers and traders at a national level. While this form of … Continue reading Safe Trading: Understanding, Managing & Minimising Risk in Forex
Established as the official South African currency on 14th February 1961, the rand has now become a liquid emerging market currency. In forex trading, the rand is referred to as an exotic pair which trades alongside an emerging market economy currency, carrying less liquidity than other developed market currencies and often traded against the US … Continue reading A Brief History of the Rand
The key to becoming a well-rounded and experienced forex trader is having the ability to confidently experiment with forex strategies. Having a good sense of assurance and calculated determination in trades will make traders well-equipped to tackle many circumstances which the turbulent market may present before them. In today’s blog post, we’ll outline some ways … Continue reading How To (Safely) Experiment With Your Trading Strategy
Trusting your gut feelings towards a trade means so much more than simply making a trade because you feel as though you should – actually, it means quite the opposite. Trusting your gut in forex trading means acting on an impulse that has only occurred due to your previous experience, understanding of forex strategies and … Continue reading Gut Feeling: When To Go With Your Instincts
To facilitate the ease of making payments and transferring money between users, Libra is a digital currency which could well be one of the best currencies to trade following its launch in 2020. The app was created on a mission to streamline the way in which users transfer money over many social media platforms and … Continue reading Facebook Libra: 3 Things to Bear in Mind
Commonly accepted as the largest financial market in the world, it’s for good reason that the extremely lucrative forex market appeals to so many across the globe. What’s more, due to its online appeal and flexible market hours (24 hours a day, 5 days a week), no longer is this incredibly accessible market exclusively traded … Continue reading What is Forex Trading? All You Need to Know
