You may be wondering, are there any tangible reasons why MT4 is now the preferred forex trading platform? Aside from being one of the oldest in existence, there are several perks the software offers that have cemented its place as a mainstay. They say ‘old is gold,’ a fitting statement to describe the legacy of forex’s most sought-after trading platform, MetaTrader 4. … [Read more...] about Why Is MT4 Such A Popular Trading Platform For Forex?
Forex Basics
2021 Outlook for the Best-Performing Forex Majors in 2020
Forex majors refer to currency pairs of the developed countries that have the US dollar as the base or counter-currency. In 2020, the main underlying concern of most currency majors was about the weaker US dollar. The dollar rose in the first three months of the year as the Covid-19 pandemic started to spread internationally. For the rest of the year, the currency declined … [Read more...] about 2021 Outlook for the Best-Performing Forex Majors in 2020
How to Avoid a Margin Call in Forex Trading?
If you are new to Forex trading, you might not have heard of margin calls before. But, for you to conduct successful trades, learning about this concept is vital. Depending on the broker, there might be some serious consequences attached to it. In this article, we shall discuss what this phenomenon is, what the reasons for its occurrence are, and how you can avoid … [Read more...] about How to Avoid a Margin Call in Forex Trading?
Tips to Mitigate Exchange Rate Risk
Introduction A story is told of a Japanese man who walked to a currency exchange counter to convert his dollars into yens in a US airport while waiting for a Japan-bound flight. The man counts the money he receives and immediately starts fuming. He says, "When I landed here last week, my yen gave me more dollars. I smell fraud in here!" "Fluctuations, Sir!" the woman at the … [Read more...] about Tips to Mitigate Exchange Rate Risk
How to Manage Fear and Greed in Day Trading
Fear and greed are among the key concepts in the financial markets. When not managed well, the two concepts have led to the destruction of many traders. In this article, we will look at the best strategies to manage fear and greed in day trading. What is the fear? Fear comes in many ways for day traders. First, there is the popular concept of fear of missing out (FOMO). … [Read more...] about How to Manage Fear and Greed in Day Trading
