Forex Trading Course

The Definitive Guide to Forex Candlestick Patterns and Forex Chart Patterns Forex candlestick patterns and forex chart patterns are a price action trader’s best friend – a price action trader with a thorough understanding of candlesticks and chart patterns does not need much else on their chart. Originally, they were called the Japanese candlestick charting techniques. That is why having a proper understanding of the candlestick pattern is beneficial for the trader in the long run. You will not only be able to read the charts but will also gain the confidence to take the trades on your own behalf. This definitive guide will cover the most popular forex candlestick patterns and forex chart patterns and how to trade them. An introduction to forex candlesticks

Unless you have a crystal ball, which can predict what will happen in the next two minutes, you should trade on a forex demo account. There’s no guilt in demo trading. Everyone does it. It’s where all the pros first sharpened and developed their forex trading skills before taking the plunge. What is a forex demo account? For those of you who don’t know, a demo account is a trading account that you can open on almost every type of trading platform and helps you get a feel of the real market. In a demo account, you can practice using the online platform in a simulated live trading environment without depositing your own capital. Why should you trade on a

What is NAS100, NASDAQ 100, or NDX100, a US-focused equity index made up of the 100 largest non-financial stocks by market capitalization listed on the NASDAQ stock exchange? The index is also known as the US Tech 100 due to the prevalence of tech stocks in the index – NASDAQ Financial stocks are included in a separate index, the NASDAQ Financial 100. NAS100 is not to be confused with the NASDAQ Composite, an index composed of every stock listed on the NASDAQ exchange. History of the NASDAQ exchange The NASDAQ exchange is the second-largest stock exchange in the world behind the New York Stock Exchange (NYSE). The exchange was founded more than 50 years ago, and its name derives from the founding body, the National

After becoming familiar with the forex market, a thought that probably pops in your head is, “How can I design my own forex trading system”? But how would you do that? Surely, you are not thinking about designing a forex trading system by sauntering iron in your backyard! What you need to do is to follow these simple steps, which we’ll explain in this guide, and voila! So, let’s get started. 1. Determine your trading time When developing your system, the first thing you must determine is what kind of forex trader you are. Are you a swing or day trader? Do you enjoy looking at charts on a regular, weekly, monthly, or even yearly basis? How long do you

After its initial release with FxPro, cTrader has been the platform of choice for a number of other leading ECN brokers. It is often compared with its rivals MT4 and MT5 for functionality and ease of access. If you are wondering what the hell is cTrader, then this guide is for you. We are going to break down what cTrader is and what are some of its key features. What is cTrader? Spotware Systems Ltd, an award-winning fintech provider, created the cTrader platform. The platform is designed specifically for use with ECN (Electronic Communication Network) brokers. cTrader was developed to address the specific needs of no-dealing-desk brokers; as a result, the trading platform includes a number of resources that significantly

The term “no deposit bonus” refers to the fact that new traders can open a Forex no deposit account to benefit from free money to trade; providing a no deposit bonus allows the broker to attract more traders as a promotional edge. Using a no deposit bonus, one can trade with bonus money and decide whether to make a real deposit or not. It is mostly asked whether “I should use a no deposit bonus or not”. One must understand the criteria, terms, conditions, pros, and cons of using a no deposit bonus before opting for it. Forex no deposit bonuses Nowadays, many forex brokerages have started to provide promotional incentives such as no deposit bonuses to their customers to

We are sure you probably have heard about the forex candlestick patterns. But, along with the candlestick patterns, there are bar candles that some traders use in their trading. In this guide, we’ll dig deeper into what bar candles are and how you can use them in your trading strategies. What are bar candles? A bar candle is a charting style that depicts price action over a specific period. Each bar represents the opening, high, low, and closing prices for the chosen period. This is also known as OHLC pricing. Unlike conventional candlesticks, which a Japanese rice trader brought, bar candles are a Western creation. Before the introduction of candlestick charts, they were the primary charting style preferred by American

Basis Points is also known as bips or bps. It functions as a measurement unit for describing the overall percentage change in any financial instrument. You can also use the basis points for the measurement or rate of change in the index or other benchmarks. We would like to mention that one basis point equals 0.01% (1/100th of a per cent) or 0.0001 in the decimal form. In the same way, a fractional basis point, i.e., 1.5 basis points, is equal to 0.015% or 0.00015 in the decimal form. These basis points refer to changes in the interest rates or even the bond yields in most cases. Understanding the concept of basis points To help you know the practical usage

As a trader, you may have come across the phrase, “forex trading strategy.” Is this some kind of a plan or a system Jim from around the block told you about? In this guide, we’ll explain the nitty-gritty of forex trading strategies. If you are new to the world of forex, this guide can help you a lot, so make sure to stick to the end. Forex trading strategies explained A forex trading strategy defines a forex trader’s system to determine when to buy or sell a currency pair. Think of a forex trading strategy as a plan for how you will approach trading. This plan will provide the objective set of rules for buying and selling, running positions, and