Forex Trading Course

If you are new to forex trading, you might have heard of forex trading signals and wondered what it is and if it’s a trading secret you knew nothing about. Are they as valuable as some traders make them out to be, or are they regarded taboo? What are Forex Signals? Forex signals indicate when the best time and price is to place either a buy or sell order. Recommendations will include the best currency pair to trade, as well as the profit you could potentially generate if you follow them. These are usually the best signals sent to traders as alerts, in the form of SMS alerts, email alerts, Tweets, RSS, pop-up messages, etc. Forex trading signals get generated

Have you ever come across a situation when the market changes its course, and you wonder how I can profit from it? Today, we will tell you what forex reversal patterns are and how you can trade through forex reversal patterns. In this guide, we are going to dig in on forex reversal patterns and how you can trade them. What are forex reversal patterns? Reversal patterns are chart formations that indicate that the current trend is likely to shift direction. When a reversal chart pattern emerges during an uptrend, it indicates that the trend will reverse, and the price will soon fall. In contrast, if a reversal chart pattern is seen during a downturn, it indicates that the price

A margin closeout is a condition when the broker closes some open positions automatically because the affected trading account has a limited free margin left to absorb further losses in trades. The open positions are closed to reduce the probability of decreasing more amount used as a margin from the trading account. It is a situation when your margin closes out, the value falls below the level of your margin used, and then all your open positions in the market are closed. However, the open positions unavailable for trading at the time of margin closeout will be held open, and the trade market will manage your margin requirements. But as soon as the trading becomes available on those open positions

You may hear the term “supply and demand” in forex trading. They are the most essential factor for both technical and fundamental analysis. But what are supply and demand zones? Let’s explain each one of them in detail, how you can identify them, and how you can trade with supply and demand zones. 1. Supply zones A supply zone is a pricing area above the current price where there is a lot of selling. When the price reaches this level, the orders are satisfied, and the price falls. When prices are higher, suppliers want to sell more since selling more quantity at a higher price results in bigger profits. Conversely, when prices are lower, suppliers are not driven to increase

Often you do not fully understand what happens when you click the enter button on your trading account. You are mistaken if you think that your order is always filled instantly after you click the button.  You might be amazed at the number of different methods an order might be filled and the time delays.  Before digging deeper into order executions, it’s important to mention the types of market orders.  Types of market orders a. Market orders Market orders are executed on the market in real-time at the current price. You’re telling the broker that you’re more concerned with getting into the market right now than with the spread. A market order allows you to open or close a trade

There are four major Forex centres worldwide: New York, London, Tokyo, and Sydney. Because of their locations, they make Forex a 24-hour market. What time does the Forex market open in South Africa? Forex can get traded at any time of the day, 24/5, making it an over-the-counter (OTC) market. There’s no centralised forex exchange; therefore, you can trade Forex through banks, brokers, and market makers. When considering this, forex trading times get offered 24/5, meaning trading is over weekdays only, 24 hours a day. This can also be referred to as liquidity in the marketplace. By understanding the various trading times and when the best times to trade are, you’ll get to concentrate on your trading strategies. What Time

Forex, or the foreign exchange market, differs significantly from stock trading. Therefore, these differences often make Forex look exotic compared to the more familiar terms and techniques we associate with the stock market. Despite the familiarity that the stock market enjoys, the Forex market is overwhelmingly the largest in the world. What is Forex trading? Is Forex trading profitable, what makes this FX market so popular and how does Forex trading work? How does Foreign Exchange Trading Work? The Forex market is a global market for the trading of currencies. The fall of the gold standard happened in the 1970s. This led to most of the world currencies trading against each other on the global Forex market. So, if you feel the Euro will

The traders need to know about margin calls, how they arrive, and avoid them for successful trading in the trade market. Margin Call is like a warning for the traders that alerts them to deposit more funds in their trading account to free more margin to avoid losing positions. Margin Call is determined when you open your trading account, and your broker sets a fixed percentage of it that is also mentioned in the account specifications. The margin level falls when the trade market moves against your open positions. Once it falls from a certain percentage fixed by the broker, the trader receives a notification in their terminal. Overall margin calls alarm the traders that the trader’s account is approaching a

An order is an offer sent through your trading platform to open or close a transaction through predetermined instructions.  This means that by placing orders, you’ll know how to enter or exit a trade.  There are two types of orders you’ll come across in your trading journey; pending and market orders. Let’s explain each one of them in detail. 1. Pending orders A pending order is a trader’s direction to buy or sell a currency pair if specific preconditions are met.  When a trader places a pending order, they are essentially telling their broker that they do not want the current market price but rather that they only want their order executed if the market price hits a particular level.  Limit

A welcome bonus is an introductory type bonus that is offered to the new users. The welcome bonus helps boost users’ first earnings and withdraw the money from their accounts. The welcome bonus is bigger than other bonuses, and brokers use it for promotions and to attract new users. This bonus is credited to the new clients as they make their first deposit. The rates of the welcome bonus are 30%, 50%, and 100%. How does the welcome bonus work? It is very simple to use a welcome bonus. Users have to follow the given steps to avail a welcome bonus. Register on the broker’s website. Verify the account. Deposit in your account (funding the account). Receive the credit of