When first selecting a broker it is best to know which asset classes you wish to trade. Do you want to trade Forex, Stocks and Shares, Cryptocurrency, Binary Options or any other financial derivative product? We have a perfect get “started guide” for you to read here which will help you narrow down what type […]
FOREX TRADING RISK MANAGEMENT TIPS
Trading the foreign exchange market (FOREX) can be so rewarding and at the same time detrimental if not done according to set rules.An unruly person can find his way to success in any field of endeavor, but when it comes to forex trading, its a differentball game entirely. Trading successfully is 99.99% impossible without some […]
90-90-90 TRADING SLOGAN
THE 90-90-90 SLOGAN The 90-90-90 Slogan is now frequently used in the FOREX INDUSTRY. It has become the daily speech of most traders and it has really capture the mindset of many beginners, average, even the mindset of the so-called professional traders. WHAT IS 90-90-90 SLOGAN? It’s a belief system that is ruling the minds […]
What Is a Lot In Forex Trading
Forex pairs are traded in lots. Having good money management is aside a strategy one needs to understand in order to know the right lots to use on every trade. Whether you’re making a practice trade or trading live, as it helps you understand the amount you would like to risk. Trading lot size directly impacts […]
USING THE RIGHT LOT SIZES WHILE TRADING
It is imperative to understand that the FOREX TRADING environment is a boundary-less environment and it offers you unlimited access to trading decisions. It is of utmost importance to surround ourselves with some set of rules which could help in guiding our steps in this boundary-less environment we are exposed to as Forex traders. Setting […]
What Is Forex Trading
Forex, also known as foreign exchange or FX trading. It is the largest financial market in the world with an estimated $6.5 trillion daily turnover (toppling over the stock market which is in the billions)! It is similar to the stock exchange market in that you don’t take possession of the money, but profit from the fluctuations in exchange […]