FOREX Trading

Beginner

So, you’ve demo-traded to death, and you feel like you have finally got the hang of it.  Maybe it’s time to put some real money on the line and start profiting?  Welcome to the market.  But that begs the question: which broker would you use? You should demo trade on se...

Now, it should be noted, that while retail brokers aren’t out to get you, it doesn’t mean that there aren’t certain entities out there that do not exactly have your interests in mind.  There are certainly greedy and shady individuals that could care less about you, you...

Before you make any big financial decision, often times you might make a list of things that you are looking for.  It doesn’t matter whether it’s a house, car, or office desk, you might search for certain things, and require that they be a certain way before a final pu...

You might already be excited to start trading, but it’s important to remember that choosing the right broker can be important. You will want to have a broker that can fit for your particular needs.  The same way that you choose anything – a doctor or lawyer for example...

This should be explained: even the most successful traders lose money sometimes.  There are many people who get into the market thinking that they can master the market, and truly, the market definitely can be understood.  However, this doesn’t mean that traders are fl...

Many forex traders can open a demo account for free.  This is extremely important, because it allows traders to utilize their strategies, and to adjust. Many first-time traders believe that their strategy is flawless, but after some time with a demo account, realize th...

Even in stocks, there are market and limit orders.  For those that don’t understand, let’s help break it down. Essentially, a market order is when you are willing to buy or sell a currency at the exact price that the market is dictating, at whatever is currently availa...

One aspect of learning a skill is talking about it, and you want to be able to have the proper lexicon at your disposal.  Of course, truly learning a skill isn’t about impressing a date, or your friends, but of course, it doesn’t hurt to know the right words to use whe...

Spot forex used to be only traded in lots, instead of any kind of customized amount.  Typically, lots were 100,000 units of currency, and of course, this was divided into smaller units, as well.  The mini, micro, and nano lot sizes were 10,000, 1,000, and 100 units res...

When it comes to forex, even if you aren’t too familiar with it, there’s a good chance that you have heard the term “pip”.  There are those who are not even too familiar with the basics that have heard the term before, the same way that they may have heard certain term...

Trading is just like anything else: everybody has their preference.  However, there are some clear advantages when it comes to trading forex as opposed to stocks.  Here is an obvious one:  there are thousands of companies listed on the New York Stock Exchange.  Believe...

Let’s discuss the idea of margin trading, which can be intense, and might not be ideal for every investor or trader.  

You know how you have a great business idea, but no money.  What do you do? You might look for investors, or go to the bank for a loan.  Here, you woul...

Here is where we talk about fundamental analysis as a way to buy and sell currencies.  Now, it is important to mention that this doesn’t require some kind of PHD in Economics.  There are plenty of people who trade forex who have an understanding of the market, and keep...

The idea of the forex market is to buy and sell currencies. Trading is essentially similar in any market.  If you are used to trading stocks, this might already be second nature to you.  While there are differences in every market, this obviously will be easier for tho...

    People want to know where the action is.  If you are in the advertising sector, the chances are that you are trying to have your company advertised when the most eyeballs are around.  Similarly, there is a good chance that you want to trade when there is the most l...

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