Risk Management Strategies for Forex Traders
Forex risk management involves setting rules to minimize the impact of negative circumstances on forex trading. It requires substantial work and planning to develop an effective risk management strategy. Although…
MetaTrader 4 and 5 Scams: How to Avoid Them
Scams involving MetaTrader 4 (MT4) and MetaTrader 5 (MT5) may occur, especially among less experienced traders. MT4 is the leading online trading platform globally, while its successor, MT5, is also…
Order Execution: How Does It Work?
Did you know that in the split-second between placing the order and order execution, there may be price changes in the underlying asset? It is one of the main reasons…
The Advantages of Trading Major, Minor, and Exotic Currency Pairs
Today, more people are looking into starting trading in the forex market. Over the last few years, it’s undeniable how its growth is significantly taking over, which is why many…
6 Reasons Why Forex Traders Must Keep A Trading Journal
A forex trading journal is a record of all your trading exercises and affairs as a trader. Establishing and maintaining one is burdensome and may require considerable time to execute…
Beginner’s Guide To Developing A Trading Strategy
A trading strategy is a carefully crafted plan for buying and selling underlying assets to generate profits from investments. Additionally, it helps in creating clear goals to focus on while…
Understanding The Factors Affecting Currency Pairs’ Volatility
Currency, by definition, is a medium of exchange for goods and services in a market. It refers to the system of money that a country uses and accepts. Most countries…
How to Start Trading Forex in April 2023 (For Beginners)
If you’re thinking about learning how to capitalise on the world’s biggest financial market and becoming a professional forex trader, you probably have questions like “How do you start Forex…
Forex Trading Signals: Definition, Functions and Types
The market for trading foreign currencies is known as Foreign Exchange trading, Forex trading or FX. It is the simultaneous purchase of one currency and sale of another. Being the…
How To Open A MetaTrader 4 Account?
A trading platform is essential for investing in any financial market. It should feature news and updates, live market prices, accurate order placements, and charting tools. MetaTrader 4 (MT4) is…