7 Candlestick Patterns Every Trader Should Know Introduction: The candlestick chart is arguably the most popular chart among forex traders of all kinds, as it shows an easier pictorial and graphical representation of historical market data and information, it also gives a more detailed …
What is Margin in Forex Trade? How Does it Work? Before we delve into what margin in forex trading means, we should go over the meaning of forex trading. Forex trading or Foreign Exchange trading is the process of buying and selling different currencies in …
Supply and demand zones: Trading in general, whether it is Forex trading, cryptocurrency trading, CFDs trading, and other forms of trading needs a proper and reliable profitable trading strategy to excel as a trader. Therefore, the importance of mastering a trading strategy and making it …
Is Forex Trading Tax Free in USA? Forex trading is a popular investment option for traders looking to make a profit by speculating on the fluctuations of foreign currency exchange rates. It is a very broad industry and also very dynamic. Forex trading experience varies …
Spread, Pip, Lot size, and Leverage in Forex Trading Spreads, Pips, Lot size, and leverage are important terms in forex trading that every beginner forex trader needs to know and understand in other to navigate the Forex market properly and profitably. In this article, we would …
What is Drawdown in Forex Trading? Drawdown in forex trading refers to the reduction in the value of a forex trader’s investment or the reduction in the amount of equity in a trading account over a period of time. It is a measure of the …
Profitable Forex Trading for Beginners It is the goal and aim of every Forex trader to become profitable in their trades, but that is easier said than done. Forex trading is a journey, and it’s always filled with losses as much as it is with …
Equity in Forex Trading Equity in Forex Trading refers to the amount of money in a trading account that is available for trading. It is an important concept because it determines the trader’s ability to open new positions and the level of risk they can …
Forex Risk Management Tips for Profitable Forex Trading. In our previous article, we already mentioned the importance of risk management in a forex trader’s journey. In this article, we shall continue by giving more risk management tips that are very important for profitable forex trading. …
Using Technical Indicators for Proper Technical analysis Technical analysis is one of the most important skills that every Forex trader requires for profitable forex trading and to have a successful forex trading career. While some traders are naturally adept at analyzing economic and mathematical data, …