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
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
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
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
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
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
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
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
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)
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
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, … Continue reading Reversal Trading: Your Advanced Strategy Guide
