If you are new to forex trading, technical analysis can be like solving a complex algebraic equation. There are thousands of different technical indicators to put on your charts, and when trading the forex markets, choosing the right indicator can make or break your trading strategy. In this guide, we’ll talk about what are some of the best technical indicators you can utilize. What makes a good indicator? Technical forex indicators are not all effective among traders. Some are only used in specific situations, others are used by derivatives traders, and a few can be seen on the screens of most technical traders. A great forex indicator, in general, has wide applicability to many traders, gives straightforward signals that canread more
Forex Trading Course
A Forex trading course is a key factor when it comes to the success or failure of any traders’ financial outcome.
Forex trading in South Africa is one of the fastest-growing trading geographics in the world, but sadly one of the most uninformed.
Knowledge is power. Put in the time, expand your knowledge, and become a profitable trader.
Just like in any industry, knowing the terminology is an important factor. You can’t trade the markets blindly! Take it from a professionals’ point of view. Repetition, repetition.
Do what works over and over again and you will reap the benefits of success. Screen time greatly assists in this. If you don’t put in the time you can expect the results you seek.
The best piece of advice we can provide you as a trader is to not rely on indicators, tools, EAs or robots, thinking it will lead to success. These are short term solutions, unfortunately not profitable long term.
Looks past the hype and empty promises. Save yourself the money and disappointment. This Forex trading tip comes from experience.
When it sounds too good to be true, it usually is!
We are hard at work to build out a Forex Trading Education section from A-Z. This will help beginners and professionals alike get a better understanding of the FX market, and how it operates.
Without understanding, there can’t be profitability.
Put in the time, expand your knowledge, and become a profitable trader. Don’t become a statistic! Become an individual that is educated!
Like many African countries, Zimbabwe has recently turned its attention towards forex trading. As a result, many young Zimbabweans want to dip their foot in the forex pool. If you are one of them, you have come to the right place. In this article, we will go over everything you need to know about Forex trading in Zimbabwe. Hopefully, at the end of this guide, you’ll be familiar with the nuances of forex trading. So, let’s get started! Overview Following an economic crisis caused by the COVID-19 epidemic, Zimbabwe’s economy is expected to recover by 2.9 per cent in 2021, aided by agricultural recovery and base effects. Zimbabwe’s multiple currency system came to an end in 2019. To avoid theread more
The Forex market is so large that the prospect of having to scroll through all of the available brokers can be overwhelming. Choosing a forex broker to trade with can be a challenging job, particularly if you are unfamiliar with what to look for. In this guide, we are going to discuss how to choose a forex broker by following six simple steps. 1. Regulations The first and most important quality of a successful broker is a high standard of security. After all, you wouldn’t hand over thousands of dollars to someone who actually claims to be legitimate, would you? Fortunately, assessing a forex broker’s reputation is not difficult. Regulatory bodies work all over the world to distinguish the honestread more
Who doesn’t love free cash! And what if you can get that free cash to start forex trading? We know you are excited to learn more about this free bonus. In this guide, we will break down what forex no deposit bonus is and how it works. What is no deposit bonus? Many forex brokerages give no deposit bonuses to appeal promotional offers to their customers in order to distinguish themselves and draw the interest of new traders. One of these types of promotional offers is a no-deposit bonus. A no deposit bonus is offered to new traders who open an account with a particular brokerage. No-deposit forex bonuses are usually not as high as deposit bonuses. Depending on theread more
Did Caesar invade Gaul without a strategy? No, he was a cunning general and strategist and you need to be the same if you want to win your battles in the markets. The difference between winning traders and losing traders is their ability to execute profitable forex trading strategies. Good luck and a feel for markets will only win you a few skirmishes, turning that feel and knack into a system will win you the war and make you an economic powerhouse. Just like a war involves many battles, and a marathon involves many steps, you need to plan and pace yourself if you’re going to still be standing at the end. Different types of forex trading strategies There areread more
One major thing which each trader needs to be conscious about is related to the calculation of pip values and how you can estimate profit and loss. Pip is the unit of measurement, expressing a constant change in the value between two different currencies. Fractional pips were added by brokers to provide more accurate pricing. Defining the term pip is the last decimal place of any price quote. So, for example, if the EUR/USD is moving from 1.1070 to 1.1071, then that .0001 EUR rise in value is one pip. Pip is the abbreviation of Percentage in Point, which is the smallest price move that the given exchange rate can make. What is fractional pip all about? Talking about fractionalread more
One of the basic terms that you are sure to come across time and time again in forex trading is “a lot.” In this guide, we’ll take a look in detail at what exactly a lot is in forex trading. What is a forex lot? Forex is commonly traded in lots, which are essentially the number of currency units you can buy or sell. A “lot” is a unit of measurement for a transaction amount. When you place orders on your trading platform, they are placed in lots. The regular lot size is 100,000 units of currency, but there are now mini and micro lot sizes of 10,000 and 1,000 units, respectively. We’ll go over each one in more detailread more
Learn what is a pip in forex A commonly asked question, what is a Pip in Forex? A Pip is the smallest unit of measuring a price move. It’s not a word, but rather an acronym for percentage in point (with some variables like point in percentage also widely accepted). Calculate how much they’re worth and ultimately use this knowledge to manage your overall risk. When displaying the major Forex currency pairs such as EUR/USD on your trading platform, your broker will quote to the 4th or 5th decimal place. A pip is the 4th number in your broker’s price quote, while a pipette (or fraction of a pip), is the 5th. Although a pip may seem an insignificant priceread more
In forex trading, there are different types of charts that help you visualise price patterns. One such chart is the line graph. If you are looking to trade with the line graph, make sure to stick with us till the end, as we discuss all the nuances of the line graph. What is a line graph? A line graph is the most basic and basic form of forex chart used to evaluate financial markets. The line chart is sometimes known as a close-only chart because it displays the underlying pair’s closing price. In addition, it has a line that connects the dots formed by the close price. A graph in this chart can provide price data for the underlying currencyread more
When it comes to currency trading, the timing of trades can have a huge effect on strategy and profitability. Day traders open and close several positions in a single day. On the other hand, Swing traders engage in trades that last many days, weeks, or even months. These two trading types accommodate different traders depending on the amount of capital available, time availability, and trading psychology. In this guide, we’ll explain how day trading and swing trading work and how you can develop trading strategies using them. In the last part of the post, we’ll discuss how to decide between the two. 1. Understanding day trading Day trading is a traditional trading technique in which you buy and sell aread more