Forex Trading Course

MetaTrader 5 is a multi-asset, multi-functional trading platform used by traders from around the world. The platform features extensive in-depth functionality with multiple add-ons through its vast marketplace of third-party providers, ranging from conducting fundamental and qualitative to technical and quantitative research. If you haven’t heard of MT5, clearly, you are living under a rock. In this guide, we’ll try to break down what MT5 is and how it can help you in your trading journey. Origin of MT5 Let’s give you a bit of a history lesson before digging deeper. MT5 was launched in 2010 to accommodate non-forex markets, particularly stocks, futures, and commodities, which are centralized trading exchanges. Its predecessor, MT4, was launched in 2005 mainly for trading

When selecting the best major currency pairs traded in South Africa for beginners, you get reminded not to trade with multiple currency pairs simultaneously and instead trade with one or two currency pairs. By focusing on not more than two, you will gain knowledge and become successful with trading the major currencies in the long run. Once you become more confident and comfortable, you can increase your trading portfolio. What is a Currency Pair? A currency pair is a term that refers to the value of one country’s currency calculated based on another country’s currency. When trading a currency pair, you are buying one currency while simultaneously selling another, intending to profit on the difference. In other words, you’re buying

Moving averages can be defined to smooth out price fluctuations to help you distinguish between typical market noise and the actual trend direction. Moving Averages are a trend-following or lagging indicator. It is based on past prices. The longer the period is for the moving average, the greater the lag will be. It is why a 200-day moving average will have a much greater market noise than a 20-day MA because it includes the prices for the past 200 days. There are many types of moving averages. Each creates a line on a chart that helps in showing in which direction a price is moving. In this guide, we will find out the different types of moving averages in forex trading. 1. Simple Moving Average

The forex market is advancing since the past decade as a highly competitive marketplace. The new traders always feel some daunt in the Forex trading platform because it is highly risky. Forex veterans usually recommend choosing a Forex demo account while learning the tactics and strategies of the Forex financial market. Forex Demo Account A Forex demo account is the one that could be opened in every trading platform, which allows the users to get a feel of the real financial market without investing real money. The practice account in Forex enables the traders to simulate a live trading environment. The Forex demo account allows traders to utilize their trading skills with virtual money on the financial market. Every successful

Like other financial markets, forex has a bid and ask price. These prices update in real-time and reveal the current situation of the forex market. If you are scratching your head about what we are talking about, then don’t be. In this guide, we will explain the forex bid and ask price and why they are important. First, let’s define them separately. 1. Ask price The Ask price is the minimum price you can sell a forex pair. It frequently changes, as do all other prices on an exchange, as traders respond and make moves. As a result, the Ask price is a key indicator of a pair’s value. 2. Bid price The bid price is the highest you will pay to go

Have you ever come across a situation where a random presidential tweet disrupts the USD, and the EUR/USD went wild? Chances are you have to face these kinds of situations. But why does this happen? Short answer; due to fundamental factors. Long answer; we’ll mention in this guide. So, let’s begin! What is fundamental analysis? Fundamental analysis is a method of analyzing the forex market by studying the economic, social, and political forces that influence currency prices. When you think about it, this makes perfect sense! As in Economics 101, supply and demand decide price, or in our case, the currency exchange rate. It is simple to use supply and demand to predict where prices can go. The difficult part

Your quick guide to Forex trading in South Africa, answering the big question on every new trader’s mind: How to start Forex trading? The Foreign Exchange market, known as the Forex or FX market, is the most liquid market for the exchange of global currencies. It consists of $5.2 trillion in daily volume. Before you can learn how to start Forex trading, you need to understand the background, how did it evolve into the market we know today? Forex trading was not always widely accessible to retail traders. Institutional trading and the wealthy took advantage of the lucrative form of trading. This all changed as the industry moved forward with the rapid growth of the internet and technology. At present,

In the fast-paced world of forex, price action is the foundation stone for technical analysis. Many short-term traders depend only on price action to make trading decisions. This guide will explain price action trading and how you can boost your trading strategies with price action. What is price action trading? Price action is the price data of the forex market without indicators. The analysis part is learning to read these and make a trade based on patterns. Price action trading is a trading method in which you base all of your trading decisions on a naked price chart. This means that no indicators should be utilised, or at best, only a handful of moving averages to identify support and resistance levels. As you can see on the chart above, the

The trading world is all about anticipating what’s going to happen. Then, based on our predictions, we take action to make as much profit as we can. To accomplish this, you need to constantly study the behaviour of trends. One of the basic principles you need to fully understand is Forex continuation patterns. They help us predict that after a period of consolidation, the trend will continue its course or not. What are continuation patterns? The patterns are defined figures you can draw in the chart matching the highest and lowest price points during the consolidation. Once the trader identifies a continuation pattern, the theory says that he’ll see a breakout with the same behaviour seen before the consolidation pause