A Beginners Guide To Forex Trading

A beginners guide to forex trading

When you are a beginner in forex trading, it can be wise to equip yourself with as much knowledge and understanding of what the forex market is, how the forex market works and how to trade forex online. Forex Market Introduction The forex market is by far the most popular of all financial markets and the largest in terms of daily trading volume compared to other markets. There is over $6.8 trillion in daily turnover, providing plenty of liquidity, flexibility and potential trading opportunities. Forex is short for “foreign exchange” which is the exchange of one country’s currency for the …READ MORE

Things to Consider Before Buying Bitcoin

Things to Consider Before Buying Bitcoin

Bitcoin is a type of cryptocurrency which helps you to trade in various countries and currencies. It helps you to get engaged in new exchanges and also allows you to trade globally. Most people want to involve in bitcoin, but due to a lack of knowledge, they lack behind and won’t get a chance to have experience in it. But no worries there are various ways which you can opt for getting involved in bitcoin, and there are plenty of resources online that can help you to learn more about cryptocurrency, such as at this page, which will enable you …READ MORE

Simple Forex Strategy

Simple Forex Strategy

The forex market is a huge market with plenty of trading opportunities. Oftentimes traders look for simple yet effective trading approaches to trade forex online. There are a lot of forex trading strategies to choose from, but what are some of the simplest trading strategies? Here’s a list of four simple forex strategies. 1. Breakout Trading Breakout trading is one of the simple forex trading strategies for beginners and professional traders. It is quite easy to follow. All a trader needs to do is to follow the direction of the trend and monitor highs and lows. When the breakout occurs, …READ MORE

Naked Forex Trading

Naked Forex Trading

Naked forex trading is defined as trading without the help of indicators. It can also be called price action trading. Naked trading can be considered a type of technical analysis because it is the only information a trader has at his/her disposal. What is the naked forex trading? The concept of naked trading is based on the current market situation. It does not rely on complicated indicators; rather, it focuses on the price in the present. The naked trading is all about what traders can see on the candlestick charts, and then make their trading decisions. Indicators are usually based on …READ MORE

Moving Average Crossover Strategy

Moving Average Crossover Strategy

The moving average (MA) is a type of technical analysis that filters out price data by creating an updated average price. The average is measured on a certain period, like one year, 20 days, or one week. It depends on the choice of a trader. Moving average strategies are also popular among traders as they are helpful for both short-term and long-term traders. What Moving Averages tell us? A moving average helps in filtering market noises. By looking at the moving average direction, a trader can determine the movement of the price. If the MA is upwards, the price is …READ MORE

Forex Trendline Strategy

Forex Trendline Strategy

The trendline is a line that is drawn on the chart between two different prices. The prices are connected at the top, bottom, and/or middle to form a line in either an up direction, down direction or flat direction. What is the forex trendline strategy? Trendlines are one of the forms of technical analysis that can be used to filter out potential trading opportunities. There are many technical indicators that use trendlines for their calculations, and some even display trendlines on the chart. The basis of the trendline strategy is to ride the trend. This means traders would look to …READ MORE

Forex Strategy for Beginners

Forex Strategy for Beginners

The Forex market is the largest financial market in terms of trading volume, so there are a lot of trading strategies. But what are some of the best forex strategies for beginners? Here’s a list of six of the best forex trading strategies for beginners: 1. Trend-following Trend-following is one of the easiest strategies that many beginners start with. It requires traders to trade in the direction of the trend. Once a trader identifies the trend’s direction, he/she would look to open positions depending on the trend’s direction. A key point to remember here is that market trends can be …READ MORE

What Are Forex Robots & Do They Work?

what are forex robots and do they work

What are forex robots? Forex robots are trading systems that run automatically according to a built-in trading algorithm. They can analyse different currency pairs on the forex market for potential trading signals and then place trades on behalf of the user when they find a trade that meets the robot’s criteria. The robot can also manage trades, placing stop losses, take profits, trailing stops, break-evens and close the trade on behalf of the user. There are thousands of free and paid forex robots available online. You can download from various sources such as blogs, forums, commercial sites, brokers and more. …READ MORE

What Is The Rounding Bottom Pattern & How To Trade With It

Rounding Bottom Pattern

The Rounding Bottom is a chart pattern that identifies a series of price movements. These price fluctuations appear like an alphabet U. What is the Rounding Bottom pattern? As its name suggests, Rounding Bottoms is a kind of slope that occurs after a long downtrend. The Rounding Bottoms mention that the price is about to reverse. Usually, traders look for the pattern on a weekly or a monthly chart; however, Rounding Bottoms rarely emerge on the chart. The Rounding Bottom signifies that there is a strong supply, making the price decline. After this, the upward movement happens only when the …READ MORE