When starting out as a forex trader, one of the most difficult decisions is choosing the suitable currency pair. Along with many different components like position size, leverage, and length of time, the currency pair that you choose will directly impact the amount of success you will have. Below we will list out some beginner-friendly currency pairs and analyse the … [Read more...] about Beginners-Friendly Currency Pairs
Forex Basics
How to Deal With Losses in Trading
Losses are an inevitable part of trading. Various sources may try to convince us otherwise, presenting trading systems with an 80-90% win rate. A high win rate appeals to the people’s tendency of the desire to be right, thus attracting new buyers or subscribers of that “secret bulletproof method”. The reality is it’s extremely hard to devise a truly profitable system … [Read more...] about How to Deal With Losses in Trading
FX Trading Business Plan
The forex market is the world's largest market by capitalization. With about $5.5 trillion in daily trade, it presents investors with numerous opportunities to make a substantial profit. As soon as you have produced a decent trading plan that you believe will allow you to trade in a disciplined manner, you should compile all of your trading strategies into a … [Read more...] about FX Trading Business Plan
Long Forex Position and Strategies to Use
In the financial market, just like all other types of trading, to buy a currency pair long means that you're expecting the price to appreciate. The opposite is shorting, when you predict a price to drop. When you conduct forex trade, you are speculating on both the increase and decrease in the currency's value. Because currencies are traded in pairs, going long, in … [Read more...] about Long Forex Position and Strategies to Use
Forex Trading in Canada Guide
Forex and stocks trading has become a relatively popular way of making money online. It refers to the process of buying and selling financial assets within a short period with the motive of making a profit. Forex trading has been popularized by brokers having significant marketing budgets and customers’ desire to make money online, and the perceived ease of doing so. This … [Read more...] about Forex Trading in Canada Guide
