Explained for beginners: Stop loss

Stop loss is a risk management strategy used by traders in the financial market to limit their potential losses. It is an order placed with a broker to automatically sell a security if it drops to a certain price. The stop-loss order is a way for traders to protect their investment and limit their losses in case the market moves against them.

What's the essential skills for forex trading?

The forex market is a highly volatile and fast-paced environment, where trillions of dollars are exchanged daily. To become a successful forex trader, you must possess a combination of skills that enable you to navigate this complex market. In this article, we will discuss the essential skills necessary to succeed in the forex market, helping you determine whether you have what it takes to become a successful forex trader.

Forex Trading: Gender and Age Does Not Determine Success

Forex trading has become an increasingly popular way for individuals to invest their money and potentially generate profits. However, there are many misconceptions surrounding forex trading, particularly around whether gender or age play a role in determining success. In this article, we will explore the factors that actually contribute to success in forex trading, and why gender and age are not significant factors.

Explained for beginners: Market value

Market value is a term used to describe the current price at which a particular asset or security can be bought or sold in an open market. In other words, it is the price that a willing buyer and a willing seller agree upon for a particular item.

Understanding the advantages and risks of CFD (Contracts for Difference) trading

Online CFD (Contracts for Difference) trading has become a popular method of trading various financial instruments such as stocks, commodities, and currencies. CFD trading allows traders to speculate on the price movements of these assets without actually owning them. While there are many advantages to online CFD trading, there are also some risks that traders need to be aware of. In this article, we will explore the advantages and risks of online CFD trading.

Understanding the difference between leverage and margin

Forex trading is a popular form of investing that involves buying and selling currencies to make a profit. Leverage and margin are two important concepts in forex trading that are often confused with each other. While they are related, they have distinct meanings and functions. In this article, we will explore the difference between leverage and margin in forex trading.

Explained for beginners: Commonly traded financial instruments

Financial markets offer a wide range of instruments for traders to choose from, making it challenging to determine where to begin. To help traders, it is essential to understand the basic features that most traders seek when selecting an instrument.

Step by step: from demo account to micro account, then standard account

To start learning about Forex trading, it's wise to begin with demo trades. Many broker platforms offer demo accounts with virtual money, allowing you to practice without the risk of losing real money. This way, you can get familiar with the process and everything you need to know before trading with real money.

20 tips from successful forex traders

Basics are the Primary Key:
To be successful in Forex trading, it is crucial to understand the basic concepts and terminologies of the market. Without a good understanding of the market, it is impossible to make informed decisions about buying or selling currency pairs. Therefore, it is important to learn about topics such as currency pairs, pips, spread, leverage, margin, and other essential trading concepts.

The 5 concepts of forex you should know before start trading

Forex market: The forex market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. It is a decentralized market where currencies are traded 24 hours a day, 5 days a week, across different time zones.

Explained for beginners: The Purchasing Managers Index (PMI)

The Purchasing Managers Index (PMI) is an economic indicator that measures the activity level of purchasing managers in the manufacturing and services sectors of an economy. It is based on a monthly survey of purchasing managers who are asked to report on various aspects of their business, such as new orders, production, employment, supplier deliveries, and inventories. The PMI is widely used by investors, analysts, and policymakers as a tool for forecasting economic growth, inflation, and interest rates. It can also help businesses to identify trends in their industry and adjust their strategies accordingly. The PMI is published by various organizations, including the Institute for Supply Management (ISM) in the United States and Markit Economics in Europe and Asia.

Explained for beginners: Commodity currencies

Commodity currencies are currencies that tend to be strongly influenced by the prices of commodities such as oil, gas, metals, and agricultural products. These currencies are typically the currencies of countries that are major exporters of these commodities, and as such, their value is closely tied to the performance of their respective commodity markets.

How to avoid falling victim to price manipulation by an online forex broker

Forex brokers are regulated entities that are required to adhere to specific guidelines and regulations set by regulatory bodies in their respective jurisdictions. As such, it is unlikely for a reputable forex broker to manipulate the market as it would result in severe consequences such as legal action, fines, and loss of reputation.

Explained: the buy and hold strategy

The buy and hold strategy in forex trading is a long-term investment strategy where traders buy a currency pair and hold onto it for an extended period, regardless of short-term price fluctuations. The idea behind this strategy is to benefit from the overall appreciation of the currency pair over time. The buy and hold strategy require patience and a long-term outlook, as it may take several months or even years for the currency pair to appreciate in value. Traders using this strategy will typically monitor economic and political factors that may affect the value of the currency pair over time, such as interest rates, inflation, and geopolitical events.

The manual of setting stop loss in forex trading

Setting a Stop Loss order is an important risk management tool for traders in any market, including forex trading. There are several other factors to consider when setting your Stop Loss order: