When trading Forex markets, there are many things to think about. However, one of the most important parts of becoming a successful Forex trader is the simple discussion of expectations. Unfortunately, there are a lot of people out there that are willing to sell you systems, dreams, and other such shenanigans about the currency markets […]
Read Some MoreThis article will explain a few of the transaction methods that are available to traders to enable them fund their Forex accounts and withdraw any profits that they may have made from their trading activity. The commonest methods for depositing to Forex accounts and withdrawing from them are as follows: a) Credit/debit cards b) Wire transfers c) E-wallets e.g. […]
Read Some MorePinbars are very important candlesticks in forex because they signal market reversals. The pinbars themselves are individual candlesticks, although some authorities describe pinbars as the “nose in between the right and left eye”. This signifies that at the bottom of a downtrend, the pinbar is found between a bearish candlestick and a bullish candlestick, and […]
Read Some MoreForex options represent another way to trade the forex market. What are forex options? Forex options are securities that allow forex traders to purchase or sell contracts based on the movement of the underlying currencies without actually holding the currencies in question. Forex options give the trader the right to purchase or sell a currency […]
Read Some MoreThis news item is also known as the Retail Sales ex-Autos Report, because the input from sales of automobiles is taken away from the Retail Sales report. The reason for this is that automobile sales have very wild swings from month to month which tends to distort the underlying data, and so the Core Retail […]
Read Some MoreThe US Gross Domestic Product (GDP) report is a measure of the change in the value of goods and services produced by the US economy after adjustments have been made for inflation. In simple terms, this is an indicator of the rate of growth of the US economy. The US GDP report is classified as […]
Read Some MoreForex bonuses as we know them today came into effect in 2006 when the first brokers realized that one way to keep clients signing up then motivating them to fund accounts was to give them bonuses. Six years down the road, traders have gradually become desensitized to these deposit bonuses. Not only have customer’s blindness […]
Read Some MoreA new wave of trading technology has hit the markets: the mobile trading platform. What are they really? There used to be a time that the only way to trade the forex market was to do that through a telephone call put to the broker, who would implement the trade using their dealing desk. Traders […]
Read Some MoreBrokers get a share of the $4trillion that circulates in the forex market every day, by charging commissions on accounts and from trading spreads that is charged on the difference between the bid and ask prices for all trades executed on their ECN and market maker platforms. This revenue model is thus dependent on the […]
Read Some MoreThe forex market is one market which allows the experienced and successful trader the opportunity to profit from the market in several ways. Apart from the good old way of grinding it out in the markets, there are other ways that the trader can monetise his skills. In this piece, we give out two methods […]
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