Forex Trading Course

The forex market is the most liquid market in the world, with an average daily turnover of around 6 trillion USD. To gain access to this market, you will need to use an online broker. To choose the best broker to trade with, you must first understand how they operate and, most importantly, how they can assist you. Each broker is unique and has its own set of advantages and disadvantages. Some brokers may place a greater emphasis on customer service or low fees, while others may have more specialized tools and services. Knowing your trading style and the areas in which you want your broker to excel will help you narrow down your quest. Of course, there are some

Have you been looking at opening a trading account and found yourself puzzled, trying to understand what is swap in forex trading? We sympathise if this isn’t your first article about swaps in forex. Unfortunately, the phrase swap can have a different meaning in varying contexts. In this article, we will explain precisely what a swap in Forex is from the perspective of a Forex and CFD trader. What is a Forex swap?  A Swap in Forex is an interest payment you either settle or collect for carrying positions overnight into the following day. Swaps in Forex play an important yet confusing role, and they affect your trading strategy, sometimes without you even noticing. A Swap in Forex is sometimes

As a trader, the most important role is to manage and protect your trading capital. How can we achieve this? By making use of a stop loss and take profit. If you lose all of your capital, there is no way to recoup your losses; you are out of the game unless you top up your account again. On the other hand, if you make pips, you must be able to hold them and not give them back to the market. Still, let’s be honest. The market always does what it wants and shifts in the direction it wants. Every day is a challenge, and almost everything from unexpected economic data releases, central bank policy speculation to presidential tweets can

Trading the currency market can seem like a daunting task if you don’t know where to start. Luckily, there are some practices; you can exercise to build your trading muscles. In this guide, we are going to talk about some of the best practices every trader should utilize when trading the forex market. 1. Ask yourself Before venturing on any quest, it is important to have a basic understanding of your destination and how you want to get there. As a result, it is important to establish specific goals and then ensure that your trading system can achieve these goals. Each trading style has a unique risk profile that requires a specific trading methodology in order to trade successfully. For

Naturally, many traders are interested in learning about the best trading platform. One of the first questions a trader asks when starting out is, “Which trading platform is best for me”? In this guide, we’ll take a deep dive and tell you about the best trading platforms. So, if you are in search of the best trading platform, this guide is for you. What makes a good trading platform? Before going further, let’s discuss what you should look at in a trading platform. 1. Interface Without question, an online platform should be user-friendly; otherwise, it will leave you confused. Many of the platform’s features and functions should be simple to grasp for everyone. An online trading platform’s complex interface would

When borrowing money from your broker, it gets referred to as ‘trading on margin. You do this to increase your exposure on the market. Your broker will borrow the money, and the amount will depend on the leverage ratio that gets used, and the collateral is a portion of your trading account. This is also known as margin for that trade. Along with margin is: what is free margin in Forex, indicated on your trading platform. What is Free Margin? What is remaining in your account will act as the free margin. These funds are necessary to withstand the potential unfavourable fluctuations from your leverage positions or to open new leverage trades if you want. Calculating Free Margin So, we

The traders use the Japanese Candlesticks to construct charts and analyse the price movement of financial instruments. The Japanese candlesticks were introduced by a Japanese rice trader named Munehisa Homma. While trading rice, Homma realised that the market was affected by the traders’ emotions and determined the demand and supply effect on the price of rice. So by acknowledging both the emotions of traders and fluctuation in the price of rice because of the demand and supply effect, Homma developed Japanese candlesticks. This tool displayed the nature of price movement graphically by displaying different colours to show the difference. Therefore, the traders also use the Japanese candlesticks to locate the price movement to make short term decisions in the market.

Whenever someone starts their trading journey, they open a chart, and clouds of disbelief surround them. They ask, “What the hell is going on here”? Those who are in this for the long run know the importance of these charts. The charts illustrate one of the most important aspects of the market; technical analysis. In this guide, we are going to tell the nitty-gritty of technical market analysis. If you are a beginner reading this, then this post can help you a lot. What is technical analysis? The framework through which traders evaluate price movement is known as technical analysis. According to the notion, a person can use historical price movements to forecast present trading conditions and probable price movement.

What is margin in Forex and how to avoid receiving a dreaded margin call Margin is the capital that your broker requires you to have available in your trading account to open a leveraged position. Think of margin in Forex as the deposit that your broker holds as collateral when you take a leveraged position much larger than your account could otherwise control. Many new Forex traders think of margin as a cost, but this isn’t actually the case.  Margin in Forex is nothing more than a security deposit that allows you to trade a much larger leveraged position and ensures that you can cover your losses if the position moves against you.  Don’t worry, it’s returned to your account