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Explained for beginners: Stop Loss
2023-03-21
Stop loss is a risk management tool used by investors and traders to limit their potential losses in a trade or investment. It is an order placed with a broker or trading platform to automatically sell or buy a security if it reaches a certain price point. The stop loss order is triggered if the security's price falls below or rises above a specified level, which is known as the stop loss price.
What to consider before opening forex trading account?
2023-03-20
When considering opening an online Forex trading account, there are several factors to keep in mind. These factors will vary depending on your experience level, starting capital, and trading style. However, there are some core considerations that apply to choosing the best Forex account, no matter your status as a trader. These include transaction costs, spreads, and commissions; trade routing, such as Straight Through Processing (STP) or Electronic Communication Network (ECN); trading software and platform; and the range of markets available.
Explained for beginners: VPS (Virtual Private Server)
2023-03-17
A VPS, or Virtual Private Server, is a type of web hosting service that allows you to have your own virtual machine with dedicated resources within a shared server environment. It works by using virtualization technology to partition a physical server into multiple virtual servers, each with its own operating system, CPU, RAM, and disk space. This means that each VPS is isolated from other VPS on the same server, providing better security and performance compared to traditional shared hosting. Users have root access to their VPS, which allows them to install and configure any software they need. VPS hosting is often used by businesses or individuals who require more control over their hosting environment and greater scalability than traditional shared hosting can provide.
Understanding the pips in forex trading
2023-03-16
In forex trading, a pip (short for "percentage in point" or "price interest point") is the smallest unit of measurement used to indicate changes in the exchange rate of a currency pair. It is usually the fourth decimal place in a currency pair, except for pairs that include the Japanese yen, where the pip is the second decimal place. About it, the forex traders should understand the following things:
Explained for beginners: Determining position size
2023-03-16
Determining position size is an important aspect of forex trading as it helps traders manage their risk and maximize their potential profits. Here are some steps to follow to determine position size when forex trading:
Explained for beginners: Introducing Broker (IB) and White Label (WL)
2023-03-15
Introducing Broker (IB) and White Label (WL) are two common terms used in the Forex trading industry.
An Introducing Broker is an individual or organization that introduces clients to a broker. The IB acts as a middleman between the client and the broker and earns a commission for each trade executed by the client. IBs can be individuals, companies, or even other brokers.
White Label, on the other hand, is a type of partnership where a company (the white label partner) uses the technology and services of another company (the broker) to provide Forex trading services under their own brand name. The white label partner typically markets the services and handles customer support while the broker provides the trading platform, liquidity, and other backend services. In this partnership, the white label partner shares revenue with the broker based on the volume of trades executed by their clients.
Advanced Explained: the relationship between inflation and the forex market
2023-03-15
History has shown that there is a strong relationship between inflation and the forex market. Here are some key examples:
Understanding the difference between stock and forex trading
2023-03-14
Forex and stocks are two different types of financial instruments that investors can trade. Forex stands for foreign exchange and involves trading currencies of different countries, while stocks involve buying and selling shares of ownership in a company.
How to avoid Forex trading pyramid schemes?
2023-03-13
Forex trading pyramid schemes are illegal schemes that promise high returns on investment by recruiting new members into the scheme. Here are some common types of Forex trading pyramid schemes:
Explained for beginners: Forex Trading and Currency Futures
2023-03-13
Forex trading, also known as foreign exchange trading, is the buying and selling of currencies on the foreign exchange market. This market is the largest financial market in the world, with trillions of dollars being traded every day. Forex traders aim to profit from the fluctuations in exchange rates between different currencies.
Explained for beginners: Leverage in Forex trading
2023-03-10
Leverage in Forex trading refers to the ability to trade with a larger position than your trading account size. It allows traders to magnify their potential gains or losses with a smaller amount of capital. The best leverage in Forex trading depends on individual trading strategies, risk tolerance, and trading experience.
When & why did forex trading became popular?
2023-03-10
Forex trading can be traced back to ancient civilizations such as Egypt, Greece, and Rome, where coins and other forms of currency were exchanged. However, it wasn't until the 20th century that forex trading became popular as a financial market. The establishment of the Bretton Woods Agreement in 1944, which created a fixed exchange rate system between major currencies, paved the way for the modern forex market. This agreement made the US dollar the reserve currency, with other currencies pegged to it.
2023-03-09
Forex trading can be a complex and challenging endeavor, especially for beginners. A forex mentor can help guide you through the process, providing you with the knowledge and expertise needed to make informed trading decisions. Here are some additional details to consider when choosing a forex mentor:
Explained for beginners: Forex trade histroy
2023-03-09
Forex trading, also known as foreign exchange or currency trading, is the buying and selling of currencies in the global marketplace. Forex trading has a long and fascinating history that spans many centuries and continents.
The ways to help you analyzing market trends to maximize your returns in forex trading
2023-03-08
Analyzing market trends is an important task for any investor or trader who wants to maximize their returns. By understanding the trends, you can make informed decisions about when to buy and sell assets, and how to allocate your investments. Here are some ways to help you analyze market trends:
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