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
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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
Guide To Using Renko Charts for Profitable Forex Trading
Renko charts are a trading utility that helps the trader to exploit the price trend for profit. The charts appear like bricks where a green or white brick represents an upwards price movement. On the contrary, a red box shows that the price is falling. Particularly, Renko charts have a smoothing effect; they do not focus on small price movements. The indicator only … [Read more...] about Guide To Using Renko Charts for Profitable Forex Trading
Easy Walker FX Robot Review
Easy Walker is a so discussable robot. Let’s get a closer look at it. The robot trades mostly on the M15 time frame. It’s designed to trade EUR/USD, GBP/USD, and EUR/GBP currency pairs. The devs prove that the robot works well with several brokerage companies: IC Markets, Pepperstone, Alpari, and FX Open. The money management system recommends setting the lot size of 0.01 per … [Read more...] about Easy Walker FX Robot Review
Forex Gold Investor Review
FOREX GOLD INVESTOR is an automatic trading adviser that is positioned as one of the most advanced programs for making money on gold through the Metatrader 4 terminal. Transactions are carried out on a fifteen-minute timeframe (M15) of the XAU / USD pair. Let's figure out what is the feature of Forex Gold Investor and how it differs from competitors. Let's talk about the cost, … [Read more...] about Forex Gold Investor Review
Guide to Using Economic Calendar in Forex Trading
Forex traders are the most current in terms of the goings-on in the global economy. Their attention to detail is impeccable because their money counts on it. To be sure, good forex traders conduct thorough market research to ensure that whatever decisions they make rely on facts. Thorough market research ensures that trading decisions are devoid of the influence of human … [Read more...] about Guide to Using Economic Calendar in Forex Trading
FXCharger Review
In our review today, we will talk about the acclaimed robot FXCHARGER. For getting started, let’s go to the official page with a presentation and look around. FXCharger Forex Robot Review The first we see it’s the prices and the list of advantages: 24/7 trading, Intellectual Takeprofit, and Stoploss, the various setting for any level of previous trading experience, and … [Read more...] about FXCharger Review
Michigan Consumer Sentiment – How to trade the MCSI in Forex
The University of Michigan Consumer Sentiment index is one of the most followed sentiment surveys around the world, and it affects Forex pairs. Although it covers the United States consumer sphere only, it has a global impact as the US is the leading economy on the planet. Traders around the globe look at it for insights about how the country is doing and how it interacts … [Read more...] about Michigan Consumer Sentiment – How to trade the MCSI in Forex