How to trade forex with a small amount?

Trading with a small account can be challenging due to the higher risk involved. However, it is still possible to be successful in the long term with a small account. Here are some strategies to consider when trading with a small account, defined as less than $100:

Advanced explained: Commodity Currencies

Commodity currencies are the currencies of countries that depend heavily on the export of natural resources, such as oil, gold, and agricultural products. These countries tend to have economies that are heavily reliant on the production and export of these commodities, and as a result, the value of their currency is often closely tied to the price of these commodities in the global market.

How to avoid margin call?

A margin call occurs when the floating losses in your trading account exceed the used margin, meaning that your equity has decreased and is now below the used margin. When this happens, your broker will issue an alert and may take action to liquidate some of your positions. The margin call level, on the other hand, is the point at which you are in danger of experiencing a margin call. The typical value for the margin call level is around 80%, but it can vary depending on market conditions.

Beginner’s Money management manual in forex trading

Money management is the process of controlling and maximizing the use of financial resources to achieve specific financial goals. In the context of investing and trading, money management involves using various strategies and techniques to minimize risks and maximize profits. Some common money management techniques include setting risk limits, managing position size, diversifying your portfolio, and monitoring your trades.

Understanding of trading styles

A trading style is a set of strategies and techniques that a trader uses to make decisions about buying and selling securities. Different trading styles can be used to suit different goals and risk tolerances, and may be based on technical analysis, fundamental analysis, or a combination of both. Selecting the right trading style is crucial for maximizing profits and optimizing trade options. There are several different strategies to consider, and it's important to do your research and determine which one aligns with your goals. Here is a breakdown of some of the most common trading styles:

Explained: Forex Mirror Trading

Forex mirror trading is a strategy that involves using specialized software to copy the trades of experienced and successful traders in the foreign exchange (forex) market. The software allows you to select and follow one or more strategies, and the signals generated by the chosen strategy are automatically applied to your trading account. The process is automated, with minimal human intervention, and allows you to trade in multiple strategies simultaneously, helping to spread risk.

Explained for Beginners: types of orders in Forex trading

In the foreign exchange market, an "order" refers to the way in which a trader initiates or closes a trade. There are a variety of order types available in the forex market, which can vary depending on the broker chosen by the trader. However, there are some basic order types that are widely offered by most brokers. In this article, we will examine some of the most used order types in the forex market.

Understanding the forex broker license

It is important for financial institutions, including forex brokers, to be regulated or licensed for the purpose of ensuring the safety of their clients' funds and prevent fraud. While regulation is an important consideration when choosing a forex broker, there are other factors to consider as well.

Understanding CFD and CFD in forex trading

Contracts for difference (CFDs) are financial instruments that allow traders to speculate on the short-term price movements of various assets, including currencies, stocks, commodities, and indices. CFD trading is based on the concept of margin trading, which means that traders only need to deposit a small fraction of the total value of the trade in order to open a position. This allows traders to leverage their capital and potentially generate larger profits, but it also increases the risk of potential losses because the same leverage factor magnifies both profits and losses.

Explained for Beginners: trader and forex trader

A trader is a person who buys and sells financial instruments, such as stocks, bonds, currencies, commodities, or derivatives, with the goal of making a profit. Traders can work for financial institutions, such as banks or brokerage firms, or they can be independent and trade for their own account.

Step by step to develop your forex trading plan manual

A forex trading plan is a set of guidelines that helps a trader determine the appropriate actions to take in the market based on their objectives, risk tolerance, and other factors. Here are the steps to develop a forex trading plan template:

Explained: forex news trading strategy

News trading in the forex market involves basing trades on events and economic data releases that can have a significant impact on currency prices. This approach to trading can be risky, as news events can be difficult to predict and can lead to rapid and unpredictable movements in the market. However, it can also provide opportunities for traders to potentially capitalize on significant market moves.

Explained for Beginners: forex trading hours and sessions

Forex (foreign exchange) markets are open 24 hours a day, five days a week, except for holidays. This is because currency trading does not occur on weekends and most national holidays.

Understanding the useful Metrics in Forex trading

In the context of forex trading, a metric is a measure or statistic that is used to evaluate the performance or state of the market. The following 8 metrics can help you improve your technique and take it to the next level. While no one is immune to losses and losing is a natural part of financial markets, these insights can help you avoid bigger losses.

Explained for Beginners: fixed exchange rate in Forex

A fixed exchange rate is a type of exchange rate regime in which a country's currency is pegged to the value of another currency or to a basket of currencies. This means that the value of the country's currency is fixed and not allowed to fluctuate freely in the foreign exchange market. In this system, the central bank of the country is responsible for maintaining the fixed exchange rate by buying or selling its own currency in the foreign exchange market as needed.