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 Strategies
How to Trade in a Choppy Forex Market
The trends in sideways markets are fairly easy to spot. To detect sideways markets across a range of timeframes, you should determine the highest and lowest price levels. These two levels establish your range. Next, in the present price range, we want to watch how the asset behaves. If it is struggling to overcome support or resistance, it signifies that the pair is trading … [Read more...] about How to Trade in a Choppy Forex Market
A Guide on How to Trade Forex With a Small Account
How much money do you need to start forex trading? This is one of the most popular questions among people who are getting started in the industry. In this article, we will look at the minimum amount you need to start trading forex and some of the most popular strategies to use when you have a small account. Minimum amount to trade forex Technology and competition have … [Read more...] about A Guide on How to Trade Forex With a Small Account
A Guide to the Break and Retest Strategy in Forex
A break and retest strategy is a popular approach by traders and investors focusing on price action. It involves waiting for a breakout to happen and then being patient for it to retest the immediate resistance/support level. This article will look at what a breakout is and how you can use the break and retest strategy in forex. What is the break and retest … [Read more...] about A Guide to the Break and Retest Strategy in Forex
Day Trading Risk Management Rules You Should Be Aware Of
Choosing between day and swing trading, or other trading styles in forex, did you devote yourself to the former? Then let us dig further into this risky but rewarding day trading approach and evade the risks it suggests. 1. Stay off the market in the first 15 minutes after opening As a forex trader, you will be paying special attention to specific currency pairs at … [Read more...] about Day Trading Risk Management Rules You Should Be Aware Of
