Trading tips

Importance of Recording Historical Trade: Keeping a Trading Journal Records serve as receipts for completed work! A historical record is a must-have for anyone embarking on their forex trading journey. It involves both the exciting and the not-so-exciting parts of your Forex journey. Many a time, the thoughts of a trading journal don’t sound appealing to …

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Is Forex Trading A Ponzi Scheme? Contrary to what some people may suggest, trading forex is not a way to instantly become wealthy. It takes patience and diligence to become skilled enough to generate an income. To succeed, you must consistently work to grasp the necessary tactics. Usually, traders risk more capital than is justified by …

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13 Key Ways Of Minimizing Risk in Forex Trading[2022] The process of risk management entails analyzing, accepting, and/or reducing the uncertainty associated with trading decisions. Since forex trading involves incurring significant financial risks, risk management is crucial to achieving success in the market.  In order to cope with the inherent volatility of the currency market, …

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What is a Forex Broker? A forex broker is a company that offers financial services to traders and gives them access to a marketplace where they may buy and sell foreign currency. Foreign exchange is abbreviated as “forex.” Every transaction in the foreign exchange market involves a pair of two distinct currencies. A forex broker may also …

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What are the 10 key benefits of forex trading? [2022] The sole aim of forex trading is to make profits. Even in profit-making, there are various other benefits that forex trading opens you up to. Of a wide number of benefits, this piece covers 10 of the benefits of forex trading you should know in …

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What Is An Economic Calendar And Why Is It Used? An economic calendar can help you pinpoint important market occurrences to strengthen your fundamental research. It can assist you in developing a more thorough trading strategy by enhancing your understanding of such events, teaching you how they may impact the price of a variety of …

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Foreign Exchange Currency Pairs There are some terms in forex trading that can heighten your curiosity. Some terms like currency pair, bid, ask, forex broker, etc. Today’s post will educate you on currency pairs and the terms that go with them. Let’s dive right in! What are currency pairs? Currency pairs are the basis of …

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Forms of Trading: Fundamental Analysis vs. Technical Analysis Retail Forex traders utilize forex analysis to evaluate if they should buy or sell a currency pair. It requires the use of charting tools. It can also be fundamental, based on economic metrics and/or news occurrences. Forex Market Analysis: What Are the Different Types? To a rookie …

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Bid, Ask and Spread in the Forex Market The difference between the price a broker will purchase and sell a currency is known as the bid-ask spread (also known as the buy-sell spread). However, in the retail market, the spread, or the difference between the bid and ask price for a currency, can be substantial, …

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What Does Going Long or Short in Forex Mean? The ability to go long or short is one of the interesting features the forex market has to offer because you can profit regardless of whether the market is moving up or down. In this lesson, we’re going to cover what ‘long or short’ means. Going long in foreign …

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