Forex Trading Course

One of the most fundamental topics is knowing what is the Spread in Forex? The spread in Forex is the difference between the Bid and Ask price of a given currency pair. The definition just given for Spread is short and to the point, but probably raises more questions than it answers. Let’s dive deep into the topic of Forex trading spreads to understand why everyone is talking about them and how they play such an influential role in FX trading. A Closer Look at Spread in Forex If you’ve been interested in trading Forex for longer than five minutes, you have probably seen the phrase tight spreads mentioned somewhere. For many traders, Forex Spreads are considered a cost, which

Support and resistance are some of the key concepts in trading. If you want to maximize your trading efficiency, you have to take a good look at them. So, let’s find out what these levels are and how you can use them as part of your strategies. 1. Support level The level that an asset’s price does not drop below for an extended period is referred to as the support level. Buyers who enter the market whenever an asset’s price falls produce an asset’s support level. The simple support level can be tracked in technical analysis by drawing the line at the lowest lows for the period under consideration. The support line might be straight or inclined up or down

There’s been an immense increase in the popularity of CFD trading in South Africa. With the emergence of brokers and CFD trading platforms, a trader has plenty of options to trade CFDs. CFD Meaning Explained CFD trading is defined as the buying and selling of CFDs, with a CFD meaning contract for difference. CFDs are over-the-counter (OTC) financial derivative products allowing you to trade on currency pairs’ price movements. Forex transactions are mostly through a forex broker, but you can now use derivatives such as CFD trading. CFDs are leveraged, allowing you to open positions for only a small portion of the total trade’s value. You don’t take possession of the asset but instead, take a position believing that the market’s value

Have you been wondering how much do I need to start forex trading in South Africa? Although you can start out with just a small amount of money, if you want to make big returns, you’re going to need a big balance. The amount of money you make trading will always be related to the size of your trading account, so if your account is too small, your returns will be the same. Trying to generate big returns with a small amount of money is a sure-fire way of ending up with a blown account, wiping out all your hard work, and we want to avoid that. It’s time to move on from the minimum deposit One of the great

When we get into a conversation about Forex trading, you will come across different terms, i.e., pipette, pip, and many more. Understanding this whole concept and figuring out how to calculate it for trading is a crucial thing. This is because it covers all the exchange rate movements, loss, and profit calculations on a specific position and determines effective risk management. But still, some traders are not entirely familiar with the term, pips, which somehow put a bit of a burden on their overall trading performance. So, right through this guide, we will explain the actual concept of the pipette in Forex and how you can calculate its value. Introduction about pipette? The movement, which is equal to 1/10 of

Do you know what the index point is? A market index point is a concept that is interlinked with the financial industry. You will see this term, commonly used in exchange centres all over the world. This can be the marketplace of bonds, stocks, or some financial securities or instruments. Before you gain a complete understanding of the market index points, it is important to know the meaning of a market index. What is an index? The index is all defined to be a statistical indicator. This indicator is used for providing some essential representation of any value of securities that constitutes it. One such example is “The S&P 500 Index”. This is what index is all about! What is

Forex trading is all about volume. Financial institutions, banks, retail traders all make the forex volume. Tracking down the real-time forex volume is difficult, and what we need is a non-lagging indicator that solves our problems. Along comes tick volume to the rescue. In this guide, we are going to explain all the details you want to know about the forex tick volume. Before dwelling on tick volume, it’s important to discuss what the hell is a trading volume. Volume is the fuel that causes new trading cycles and tells us whether the market is on the buy or sell side. One of the most valuable skills every forex trader can acquire is how trading volume affects the currency market.

As a trader, you use a wide variety of charts to analyse markets. If you are a long-term trader, you may use daily charts to get a sense of the big picture while using hourly charts to plot entries and exits. If you are a short-term trader, you may go as small as using 1-minute charts to trade price action. Most charts, however, are time-based, and traders’ cycle through different timeframes to match their specific strategy or preferred time horizon. But what if your goal was to trade on the smallest transaction level? What if you wanted to trade price not on the level of time but on the level of each transactional tick? This is where tick charts come

What is MetaTrader 4? MT4 or MetaTrader 4 is the most popular forex and CFD trading platform in the world. If your broker doesn’t offer MT4, run the other way. MT4 was first released in 2005 and though Metaquotes then followed up with MT5 in 2010, most traders to this day have stuck with the trusty MT4. MT4 is possibly one of the most well-designed software packages ever developed with errors and crashes being almost unheard of. The mobile version released in 2012 only added to the program’s popularity, making forex and CFD trading even more accessible. Installing Metatrader 4 Once you’ve signed up for a demo or live account with your forex or CFD broker, they will send you

Have you ever wondered how to trade forex in order to generate supplemental income or maybe even trade professionally full time? Getting started can be a little daunting so we’ve created this handy guide to help you on your journey to forex trading success. Read on and you’ll be trading forex like a pro in no time. Forex trading basics When you trade forex, you are trading one currency against another eg. the Euro against the US Dollar (EURUSD), or the US Dollar against the Rand (USDZAR). When you go long (buy) a currency pair, you are speculating that the first currency in the pair (the base currency) will appreciate against the second currency in the pair (the quote currency)