How many types of forex traders are there? Some like to scalp the markets, while others play the long game of swing and position trading. Either way, every trader should know who they are as investors and which trading style aligns with their personality, risk appetite, skill level, and objectives. They say there are many ways to achieve your goal, and in forex, this is … [Read more...] about The 6 Main Types of Traders In Forex
Forex Basics
Choosing a Currency Pair Based on Your Forex Trading Strategy
The Forex market remains open 24/7, and there are such a huge number of financial instruments and currencies you can trade in that it can feel quite overwhelming for a beginner. There is no ‘one suits all’ approach when it comes to trading in pairs, and you need to assess each pair based on your trading strategy in order to decide on its efficiency. For example, the EUR/USD … [Read more...] about Choosing a Currency Pair Based on Your Forex Trading Strategy
Part-Time Forex Trading: Strategies and Tips
Not all people are able to engage in full-time Forex trading. Several merchants have to place their investments while they are working or having lunch. You can miss several opportunities because of market fluidity if you irregularly trade during a tiny window every day. For a temporary trader, such missed occasions can be disastrous indeed. While it is true that the … [Read more...] about Part-Time Forex Trading: Strategies and Tips
The 5 Types of Forex Trading Accounts
The variety of forex trading accounts is just as diverse as in the banking sector. As banks create different products to suit particular clients, brokers also attempt to do the same. Aside from a standard live account, opportunities exist for non-trading individuals to invest in forex through the use of PAMM or copy trading. For the trading individuals, there are a few … [Read more...] about The 5 Types of Forex Trading Accounts
Backtesting a Forex Robot on MT4: How Does it Work?
Backtesting your Forex robot on MT4 is an excellent way to see what potential is held by your strategy before you apply it in real-time. These days, several traders use Expert Advisors (EAs) or Forex robots to conduct their trades automatically. But, it is also important to check how the robot performed until that point in time because you don't want to leave your Forex trading … [Read more...] about Backtesting a Forex Robot on MT4: How Does it Work?
