Explained for beginners: Time management in forex trading

Forex trading is a complex activity that requires traders to have a thorough understanding of various factors that can influence the market, including economic data releases, geopolitical events, and trading sessions. Time management is an essential aspect of successful Forex trading because it can significantly impact a trader's profitability.

How to avoid the most common mistakes made by forex traders?

The world of foreign exchange trading can be quite daunting, especially for beginners. It is important to remember that trading always involves some level of risk and loss, but this doesn't mean that one cannot minimize those losses. In this article, we will examine the most common mistakes made by traders and analyze how to avoid them to achieve success in forex trading.

Explained for beginners: black swan theory

The term "black swan" refers to an unexpected and rare event that has a significant impact on financial markets. The concept was popularized by Nassim Nicholas Taleb in his book "The Black Swan: The Impact of the Highly Improbable".

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.

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.

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.

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.

Explained for beginners: Stop Loss

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.

Explained for beginners: VPS (Virtual Private Server)

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.

Explained for beginners: Determining position size

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)

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.

Explained for beginners: Forex Trading and Currency Futures

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

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.

Explained for beginners: Forex trade histroy

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.