Defining position trading Position trading is a strategy that forex traders use to milk as much profit as possible from a long-term trend. Position traders hold a trade for extended periods of time, often months to years. This is the opposite of what day traders and scalpers do. In forex, there are two types of traders. The first type is the kind that is impatient and can … [Read more...] about Position Trading: Leveraging Long-Term Trends for Maximum Profits
An Insight into The Types of Forex Orders
In the Forex world, the term “order” refers to how a trader either enters or exits a trade. There is a myriad of forex orders that can be placed on the forex market, depending on the broker chosen. Even though different brokers accept different types of Forex orders, there are some basic order types that almost all brokers universally provide. In this article, we will be … [Read more...] about An Insight into The Types of Forex Orders
Understanding Margin Trading in Forex
In the Forex market, margin trading refers to the process of making a deposit with a broker, in order to open and maintain positions, in one or more currencies. Margin is considered as a portion of the customer’s account balance, set aside for order trade. It is not a cost or a fee. Requirements for the amount of the margin can vary, depending on the brokerage firm … [Read more...] about Understanding Margin Trading in Forex
Ways to Identify and Avoid Forex EA Scams
Forex expert advisor is a type of trading software that can generate automated trading decisions for traders. Thus, the trader can gain more profits and the trading continues without the trader being present all the time. Traders can run these robots on MetaTrader platforms like MetaTrader 4 and 5. They offer several features to traders, such as providing signals for placing a … [Read more...] about Ways to Identify and Avoid Forex EA Scams
How to Use Parabolic SAR in Forex Trading
Developed by famous technician J.Welles Wilder Jr., the Parabolic SAR, also known as the parabolic stop and reverse, is a popularly used indicator. It is mainly used by traders for determining the short-term momentum of any given asset. It can easily be applied to any trading strategy, enabling the trader in determining where stop orders should be placed. The calculations … [Read more...] about How to Use Parabolic SAR in Forex Trading
