Choosing a Lot Size in Forex Trading Choosing a lot size in Forex trading is essential for successful trading. There are several options for you to consider, including a standard lot of 100,000 units, a micro lot of 10,000 units, and a nano-lot of one unit. Each type of lot size has different characteristics. For example, a standard lot is…
If you’ve been in the FX market for any length of time, you’ve probably heard stories about scams and the Forex market being a pyramid scheme. While these stories aren’t true, they can leave you with a bad impression about the whole process. Fortunately, there’s no need to worry – forex is not a scam. It’s just a different way…
Forex markets are divided into four main categories. There are three main types of currency pairs – majors and minors. The majors are highly liquid and traded often, while the minors are less liquid but still trade frequently. Each category has its own pros and cons, so a thorough understanding is necessary before you begin trading. However, you should know…
When deciding between stocks and forex, it’s important to know which is more volatile, which has more potential for profits, and which is less volatile. The stock market has millions of publicly traded companies, making it difficult to monitor their performance. In contrast, the forex market is highly specialized, with eight major currencies. A company’s stock price can rise or…
The best Forex broker for beginners should offer educational content for beginners. Their trading tools should be easy to use and competitive. They should also offer excellent customer service. They should also offer free demo accounts to novice traders. These factors will determine whether they will be able to make profits or lose money with their broker. These factors will…
One of the most important aspects of trading is learning how to read forex charts. There are two types of currency charts: the candlestick chart and the tick chart. Each type shows the exchange rate between two currencies. The difference between the two is that a candlestick chart is more intuitive to read than a tick chart. Compared to a…
Knowing how to read and calculate currency exchange rates is essential to any international business. Whether you’re paying international employees, suppliers, or clients, the rates you see are the sliver of economic health you need to know. However, currency exchange rates can be tricky for beginners, and there are many ways to calculate and read them. This article will guide…
If you’re new to the forex market, it’s natural to be curious about The Best Forex Trading Hours. Many experts claim that the optimal times for forex trading are when the spread between the bid and ask prices is the smallest. These factors all help you make more money, but they also affect your potential profits. The following are some…
One of the most popular forms of currency trading is short selling. This involves selling one currency pair for a lower price than the other. For example, if you are short selling the EUR/USD currency pair, you will sell your Euros and buy dollars for a lower price. The best part about short-selling is that there is no borrowing required.…
So, what is a Forex Currency Trader? First, let us define the term. Foreign exchange market is a worldwide, decentralized and over-the-counter market. It is the source for foreign exchange rates of various currencies. Trading in this market involves buying and selling currencies at current prices. For those who aren’t familiar with the foreign exchange market, this is a global…