Our Traders’Blog is a fun, informative and exciting section with topics traders like you search for!
On the Internet, there are countless forex-related websites and blogs.
However, many people are not getting what they want.
TradeFx discovered something was missing!
We figured that someone had to do something about what was missing.
As a trader, you require a secure environment in which to learn about forex trading and what is truly going on within the market.
There is no point in knowing about trading patterns and candlesticks or broker regulation if you are not getting what you truly want.
That is why we place such stress on the significance of these topics to everyone.
Our purpose is to guide you from every angle available, including:
Simplifying trading ideas in a professional and approachable manner, assisting our blog visitors in technical analysis.
Educating our blog visitors on how to avoid choosing an unregulated broker
Let’s face it, trading is difficult and requires hard work and dedication, which is not an easy way to make money.
Our resources will teach you the fundamentals of trading and think about the forex market as a businessperson. So, you don’t end up blowing your account
TradeFx serves to safeguard inexperienced traders from losing all of their money in the forex market, either through their own poor trading decisions or through the actions of others.
The only thing we ask is that you enjoy your time with us and learn as much as you can so that you can apply what you have learned along the road.
Since the decade-long expansion in the popularity of forex trading for dummies, more and more newbies have moved from other investment platforms to forex for dummies platforms. The newbies to currency trading have to know that they can either make or lose money in seconds since financial market trends fluctuate in a matter of days, if not years before they can fully engage themselves in the world of trading. Forex for dummies platforms is constantly evolving and offers a suitable environment for learning and trading currencies. Forex has a daily trading volume of over $4 trillion, proving the most liquid and significant market. Trading through the internet has simplified trading compared to previous years, but people still lose money because
In a forex market, forex trading patterns are the ultimate trails that lead investors to perform excellent trading opportunities. When a trader trades financial assets in a forex market, losses or profits are generally made from price movements. The price change is represented by using candlesticks. And after a series of 9 periods, these candlestick patterns will form a general trading chart. This chart will show the story of the price action of a specific underlying asset. What is the meaning of chart trading patterns? Forex chart patterns are a powerful tool through which a trader can perform technical analysis to represent raw price action. It even allows the trader to feel the sentiment and mood of the trade market. Through forex chart patterns, traders can ride the entire market wave.
Due to many transactions, London session time in South Africa tends to be the most volatile. 35% of global forex turnover is generated during the London trading session, the highest amount among traders. The Forex market is different from other assets because of its unique structure. For example, equity markets open and close at precise times. For example, the Johannesburg Stock Exchange (JSE) is open Monday through Friday between 9 am and 5 pm South African Standard Time (GMT +02:00). This article will determine whether trading with London session time is the best to trade in South Africa. What is London Session Time? London has four major forex trading sessions with Sydney, Tokyo, and New York. The IFS report from
Are you aware that you can learn about market behaviour by recognising the Elliot Wave Pattern? Definitely! That’s true for sure! However, we should first understand the Elliot Wave principle before we start driving into patterns: Traders can use the Elliot wave principle to analyse the financial market cycle using technical analysis. Trading strategies based on the Elliot wave theory allow trades to predict market trends by identifying extremes in prices and investors’ behaviour. According to the Elliot wave Theory, market movements are governed by the psychology of crowds. Elliot Wave Patterns reflect the current market sentiment, alternating between bearish and bullish periods. A theory such as Elliot Waves should not be viewed as a technical indicator but rather as
Before online trading, the FX market was almost impossible for small investors to get into. It’s the first time in a decade that almost anyone can trade forex from the comfort of their own home or office, thanks to cheap computers and smartphones. Many people have found that a $100 trading account can lead to a new source of home-based income. However, if you find that forex trading isn’t for you, $100 seems like a small price to pay for the experience. A great way to learn about the market if you are new to it is to trade forex with a small amount of money. Even though, before you start trading forex with $100, you should think about many
Let’s dive into the forex trading tutorial discussion. A decentralised global market for currency trading is the FX market, also known as foreign exchange trading or forex trading. The market is yet known to be one of the most liquid and largest globally. On this market, forex traders buy and sell world currencies simultaneously. Hence, an exchange rate shows the value of one currency concerning another currency when purchased. Buying products or services in a foreign country requires payment with that country’s currency. It, therefore, plays a vital role in foreign trade and business. Do you know what forex trading is? FX trading or forex trading are other names for foreign exchange trading. Forex trading offers the possibility of speculating on
How will forex trading benefit you? In many minds, forex trading quotes such as easy money or instant riches comes to mind, but that’s not the way it works. FX is yet the largest marketplace in the world – and that’s why so much money can be made there – but success isn’t guaranteed and doesn’t happen overnight. Nevertheless, successful long-term traders possess the skill, patience, education, and determination. To help you navigate the forex market, you should know these critical facts before making your first forex trade. This article will learn about forex basics, including making money and valuable, actionable, and accurate information. How does forex trading work? Foreign exchange trading or forex trading is exchanging one currency for
Do you want to know if forex trading is real or not? When you search the internet for forex broker scams, you will find a staggering amount of results. Many unscrupulous brokers in the forex market should not be in business despite becoming more regulated. Choosing a reliable and viable broker is vital when you’re looking to trade forex and avoid those who aren’t. However, before depositing a larger amount of capital with a broker, several steps must be taken to separate the trustworthy brokers from those with shady dealings. Even with the best broker, trading is difficult, but making money becomes nearly impossible when they operate in a manner that opposes a trader. Forex Trading: What is it? Forex
What is forex trading, and is forex trading legit or not? There are countless forex broker scams on the internet, and you can search for them using various search engines. Even though the entire forex market has become more regulated, many unscrupulous brokers still operate. When you’re looking to trade forex, it’s essential to choose a reliable and viable broker and avoid the ones that are not. Likewise, it is imperative to separate trustworthy brokers from those with shady dealings before depositing large sums of capital with them. It isn’t easy to make money when a broker operates in a way that opposes a trader, even when they are the best broker. How does forex trading work? A forex trade
Do you want to know if forex trading is legal in South Africa or not? Which brokers in South Africa are known to offer the best trading services? Since there are no laws governing legality in South Africa, it is legal to trade forex. However, the South African Reserve Bank monitors outgoing African cash flow, which controls international monetary exchange. Traders can trade forex if they comply with money laundering laws and declare their income taxes. Although it is not a major legal requirement to use a regulated broker, brokers are regulated by the FSCA and other recognized international organisations. How to legally fund forex accounts? In South Africa, you can fund an account reasonably quickly if you have a
