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
Trading Tips
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
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
Why MACD Can Be an Unreliable Signal
MACD or Moving Average Convergence Divergence is an indicator in trading, used mainly to measure the potential entry and exit points for traders. It does this by comparing short-term and long term price trends. This indicator allows analysts to derive future price movements and place trades for profits. MACD is a trend or momentum indicator and as a momentum indicator, … [Read more...] about Why MACD Can Be an Unreliable Signal
The Danger of the Martingale System
In the forex world, Martingale is a word everyone is familiar with, usually denoting a type of trading strategy employed by forex robots and expert advisors. The Martingale strategy is actually a negative progression system, which requires a trader to increase his/her position following a loss. In other words, it refers to the doubling of a trader’s trading size when he/she … [Read more...] about The Danger of the Martingale System
