Understanding of the advantages of forex trading

The advantages of forex trading include:

Large market size: Forex is the largest financial market in the world, with a daily trading volume of over $5.3 trillion. The forex market is characterized by its high liquidity, 24/7 availability, and large daily trading volume. This makes it a popular destination for traders and investors seeking to take advantage of price movements in the currency markets.

Explained for beginner: MetaTrader 4 (MT4)

The MT4 (MetaTrader 4) is a popular electronic trading platform widely used by online retail forex traders. It was developed by the Russian software company MetaQuotes Software and was released in 2005. The platform offers advanced charting capabilities, multiple order types, and a range of customization options, making it a popular choice among traders. Additionally, MT4 provides a platform for the development of custom indicators and automated trading strategies, commonly known as Expert Advisors (EAs). The platform is available for multiple operating systems including Windows, Mac, iOS and Android.

Explained for beginner: Forward Swap

A forward swap is a type of financial agreement in which two parties agree to exchange cash flows at a specified future date. The cash flows are based on a set rate or floating rate that is agreed upon at the time of the agreement. The goal of a forward swap is typically to manage interest rate risk or to benefit from expected changes in interest rates.

Explained: Momentum Strategy

Momentum strategy is an investment approach that involves buying securities that have had strong recent performance and selling those that have underperformed. The idea is that past performance will continue in the future, leading to positive returns. This approach is based on the momentum effect, which is the tendency for securities to continue moving in the same direction after a period of performance.

Understanding of the Risks in Forex Trading

Forex traders must be aware of several risks when trading in the foreign exchange market, including:

Explained for beginner: Forex Broker

A Forex broker is a company that provides traders with access to a platform that allows them to buy and sell foreign currencies. Forex brokers earn a profit by charging traders a spread (the difference between the bid and ask price of a currency) or by charging a commission for each transaction.

Manual of Social Trading

Social trading is a type of online trading that allows traders to follow, copy, or share their trading strategies and positions with others. Social trading platforms typically provide a social network-style interface, where traders can interact with each other, share information, and follow the trades of other successful traders. Some social trading platforms also allow traders to automatically copy the trades of other traders, known as "copy trading." This allows traders to benefit from the expertise of more experienced traders, without having to do the research or analysis themselves. Social trading can be especially useful for new or inexperienced traders who are looking to learn from more experienced traders or gain exposure to a wider range of trading strategies.

Advanced explained: 5 basic habits of successful traders

The 5 basic habits we should learning from successful forex traders are a well-defined trading strategy, discipline and patience, ability to manage their emotions, are constantly educating themselves on the market, and use risk management techniques.

Explained: Position Trading Strategy

Position trading is a longer-term trading strategy in which a trader holds a position in a stock, currency, commodity, or other financial instrument for an extended period, typically several weeks or months. The goal of position trading is to capture larger price movements or trends in the market, rather than trying to make quick, short-term profits. This strategy is often used by investors who have a long-term outlook and are comfortable with a higher level of risk.

Explained for beginner: Minor pairs and Cross pairs in Forex

Minor forex pairs refer to currency pairs that are not as heavily traded as the major pairs. These pairs typically have lower trading volumes and wider bid-ask spreads, which can make them more challenging for traders to navigate. Some examples of minor pairs include:

Explained for beginner: Major Pairs in Forex

The foreign exchange market, also known as the forex market, is a decentralized market where currencies from different countries are traded. The major currencies in the forex market are the U.S. dollar (USD), the European Union's euro (EUR), the Japanese yen (JPY), the British pound (GBP), the Swiss franc (CHF), the Canadian dollar (CAD), and the Australian dollar (AUD). These currencies are considered major because they are the most heavily traded currencies in the world and are considered to have the most stable economies.

Using forex weekend trading to improve your skills

Weekend Forex trading refers to the practice of trading currencies outside of the traditional trading hours of the Forex market, which is from Monday to Friday. Some Forex brokers offer the ability to trade on weekends, typically through the use of derivatives such as CFDs (Contracts for Difference) or futures. While weekend Forex trading can present some unique challenges, it can also be an opportunity to boost your skills as a trader. Here are some ways you can use weekend trading to improve your skills:

Explained for beginner: 9 Famous Forex Traders

These traders are known for their successful trades, market insights and strategies, and contributions to the field of forex trading.

Understanding the slippage

Slippage is the difference between the expected price of a trade and the price at which the trade is executed. In the forex market, slippage can occur when a trader places a market order, which is an order to buy or sell at the current market price, and the market price moves before the order can be filled. This can result in the trader receiving a different price than the one they expected, which can lead to a loss on the trade.

Explained for beginner: Types of Forex Trading Account

Forex brokers offer a variety of trading accounts to cater to different types of traders and their unique needs. For example, a standard account may be ideal for an experienced trader with a larger amount of capital, while a mini or micro account may be more suitable for a new trader with a smaller amount of capital. Similarly, an Islamic account would be suitable for traders who follow Islamic religious laws, and a demo account would be suitable for traders who want to practice trading before using real money.