Forex books for beginners.
Forex books for beginners. Forex books for beginners. There are a lot of free e-books out there, especially for the beginning Forex trader. In these books you will learn the principles about forex trading. These books are therefore not of interest to experienced forex...
How to trade forex?
How to trade forex for beginners. Before we talk about how you can trade Forex, I will first tell you a bit more about what the Forex market is exactly. What is Forex? / How to trade forex. Forex is short for Foreign Exchange. Think of that moment at the airport when...
Forex Analyse / in Supply and Demand.
Forex Analyse / in Supply and Demand. Forex Analyse / in Supply and Demand. As many of you have known for a long time, I am a true Supply and Demand trader. Yet I am still often asked how exactly you make an analysis in Supply and Demand. Now I will give you an answer...
FX Demo account / Advantages & Disadvantages
FX Demo account / Advantages & Disadvantages. In this blog I will talk about the pros and cons of trading with a demo account. Many novice traders will often first start trading on a demo account before going live. It is of course very good that with a demo...
Smart Money Forex
Smart Money Forex Who are the Smart Money? When we talk about Smart Money we are talking about the biggest and smartest players in the market. We are talking about banks and institutional investors. (Also called Market Makers.) And when we talk about Smart Money I...
Buying and selling in the forex market
Buying and selling in the forex market. Buying and selling in the forex market It is very important to understand the Buyers and Sellers aspect in the (forex) market. We as forex traders always want to beat the market. The so-called 'Beat the Markets'. First of all,...
Myfxbook forex / How to connect an account.
Myfxbook forex. Myfxbook is a very good website that offers various services. Handy tools, charts and a whole community of different traders. It not only allows you to exchange strategies, but also copy transactions. And the ability to share the results from your...
How to trade EUR/USD?
How to trade EUR / USD? I think EUR / USD is one of the most traded pairs worldwide. I do not trade this pair that much, but that does not mean that it is not a nice pair to trade. The pair moves very differently than for example GBP / JPY and if you like a bit more...
How to use volume in Forex Trading?
How to use volume in Forex Trading? A handy tool that I often use when trading Supply and Demand is volume. Actually, I always have it there as confirmation for a possible trade. But what exactly does the volume indicator tell you and how do I use the volume in my...
Questions I Get Asked as a Forex Trader.
Questions I Get Asked as a Forex Trader. Every day I am inundated with questions in the email on instagram and other platforms. Today I am going to answer the most frequently asked questions in this blog. Many questions also come from the beginners in the Forex market...
Supply and Demand simplified
Supply and Demand simplified It is very important in Forex trading that you understand the Supply and Demand aspect. But what exactly is Supply and Demand if you explain it very simply? And is Supply and Demand trading the same as Support and Resistance trading? I...
How to trade GBP/AUD?
How to trade GBP/AUD? How to trade GBP/AUD? The GBP / AUD pair is one of my favorite Forex pairs. GBP / AUD may not immediately be one of the easiest forex pairs to trade. And I certainly will not recommend this pair if you have just started trading Forex. But once...
How to trade US30?
How to trade US30? I am personally a big fan of trading US30 in addition to trading forex pairs. US30 is especially nice to trade from the lows to the highs and from the highs to the lows. Have you never traded US30 yourself? Then it is highly recommended. It is much...
How to trade Gold?
Many who know me know that I love to trade gold. I really love gold! If you learn to trade gold in the right way, you will not want anything else I can promise you. In this blog I will go into more detail about 'how to trade gold' and you may understand my love for...
Do Forex Traders pay tax?
Do Forex Traders pay tax? Do Forex Traders also have to pay tax is the question I get very often. My answer to that is yes also a Forex Trader pays taxes on his earned assets. This is of course different in every country and in some countries you do not pay tax, also...
How forex leverage works?
How forex leverage works? How forex leverage works? Leverage works by enabling a trader with a lot more money than they have on their trading account. Leverage is the use of borrowed money (called capital) to invest in a currency, stock, or security. The concept of...
How to handle a losing trade?
How to handle a losing trade? Let's face it we all know that every now and then we have to deal with a losing trade. And this is not bad at all and this is completely part of it. And if you have good risk management, it doesn't have to hurt at all. I think every...
Identifying momentum and structure in Supply and Demand.
Identifying momentum and structure in Supply and Demand. Identifying momentum and structure in Supply and Demand. Recognizing momentum and structure is very important to be able to trade correctly. In this blog I will tell you more about this and I also made a video...
Trends And Structure trading / Supply & Demand.
Trends And Structure trading Supply & Demand. The market moves in 3 structures: uptrend, downtrend and sideways. The whole market revolves around these three concepts - this is how the market can move. -Up Trend: If the trend goes up the Euro is worth more. -Down...
What is Stock Index and Index Trading
What is Index Trading? Stock indices catalyze the whole region's economy, particular sectors, and in general, show how well a specific business sector is being established and what its potential is. It is important to work with stock indices as a trading tool because...
Tips For Beginner Forex Traders
Here are some tips which are very helpful for new beginner forex traders. Accept as an unavoidable fact the risk of losing your capital. Each new trader should be aware that no one in the currency market is safe from losses. Holding gains above losses is the...
Fibonacci Retracement in Forex Trading
What is Fibonacci? The idea behind it is the very first thing that you need to know about the Fibonacci tool in trading. Leonardo Pisano Bigollo was an Italian mathematician, more commonly known as Fibonacci, who lived in the late 12th-early 13th century. Among other...
What Should You Know Before Start Forex Trading
There are several reasons why anyone would turn to the forex market for investment as an avenue. All the factors we've seen discussed over the years are profit, hobby, experience, gambling, and entertainment. Every investor starts out in the same place, no matter the...
Opening Multiple Orders in Forex Trading
Quite often, after the first open order brings some benefit to the inexperienced Forex trader, he has a powerful will to open one or even many other one's orders. He is positive that it is "his day," filled with excitement, overconfidence, and propelled along by...
Bid Ask Spread in Forex Trading
If a Forex trader executes a forex deal that a broker or market maker has quoted on, it usually means that a few pips will be paid away by the trader to be able to take on or close the forex position they want is called the spread. In quotations made by forex market...
How to Read Candlestick Charts in Forex
For any technical trader looking to gain a deeper understanding of how to read forex charts in general, learning to read candlestick charts is a great starting point. In the 18th century, Candlestick charts were invented and created, as you may already know. The...
Trading Opportunities in Volatile Markets
Forex traders consider volatility as one of the most relevant knowledge measures for decision-making on opening or closing trade positions. Actual price quotes, in fact, are constantly changing at different rates: sometimes rapidly, sometimes slowly. That is why a...
Currency Pair Correlation in Forex Trading
What is the Correlation in Forex Trading? The statistical measure of how two different assets move in relation to each other is the correlation in finance. There is a positive correlation between assets tending to move in the same direction. For example, A positive...
How to Trade Triangle Chart Patterns
What is the Triangle Chart Pattern? The triangle pattern is a particular figure created on the price chart, usually recognized as, like the sides of a triangle, the tops and the bottoms of the price action move towards each other. Traders foresee an eventual...
Forex Trading during Flat Markets
Markets are often continually oscillating between patterns and ranges. In flat markets, trend-following strategies take advantage of moving markets while swinging trading strategies perform best. Swing trading much of the time uses a single tranche entry, going long...
Why Trader Should be Aware of International News?
You have to keep your eye on the pulse of the world news if you want to succeed as a forex trader. It will help you to protect and improve investment by knowing what is happening not only in your own country but in all the major economic power. But there's no need to...
Understanding Volatility in Forex Trading
For forex traders, volatility in the forex market is not simply chaotic change. Also inside seemingly random fluctuations in value, trends, and patterns arise as market participants try to make sense of the price action. Volatility is a measure of the extent to which...
Exit Profitable Trades in Forex Trading
Many traders spend more time planning entrances than exits and considering them. Most seasoned traders agree that trading success depends on how a trader exits their trades, while proper entries are necessary. A reality of forex trading is that, instead of leaving the...
What is the role of Central Banks? Forex Trading
What is the Central Bank? Central banks are at the center of every country's financial system since they are the authorities responsible for regulating the supply of money and therefore for regulating the functions of the economic sector. They have evolved from the...
What is Reserve Currency? Forex Market
The reserve currency provides some benefits to the state national currency: the shortfall in the balance of payments can be compensated by improving the strength of the national currency in the world market. The reserve currency has a history of its own and has...
Why Forex Trading is About Probabilities?
Probabilities describe the probability of something happening. Trading probabilities are often discussed, but there is an abysmal capacity for humans to understand and calculate probabilities. Forex has much to do with risk analysis and probability. No single method...
Why Taking a Break Can Make You Better Forex Trader?
Forex trading is a career in which you can persuade yourself that you are never doing your job. There's always another chart to read, an economic report to digest, or to create or test a new trading strategy. When we think of trading, the first thing which comes to...
What is Hedging in Forex Trading
When a Forex trader enters a trade in order to protect a current or anticipated position from an unexpected change in forex rates that said to be a hedge in forex. When a forex trader enters the foreign currency market for the express intention of shielding exiting or...
Forex Trading During Crisis Times
The global economic crisis has become a key topic of debate not only among people engaged in financial activities but also among all segments of the population, as economic cataclysms have affected each person in one way or another. Someone's worried about inflation...
Supply and Demand Trading: A Beginner Forex Traders
What are Supply and Demand? What supply and demand are, in reality. In short: demand is how many consumers are in a particular market and how expensive an instrument they are able to purchase. Supply is how many buyers are in a market and how much an instrument they...
Why Non-Farm Payrolls NFP Affect the Forex Market
The reason why the NFP is so important is that in economic growth, work data drives momentum. Sentiment begins to gain traction as jobs are made, and customers will start spending more freely. Since consumer spending drives almost two-thirds of domestic product growth...
How to Maximize Profit in Forex Trading
Nowadays, Forex trading is becoming the most common way to earn extra cash from home, but people rarely know how to optimize its advantages and efficiently reduce its risks enough to achieve success. and maximize profit. It is assumed that forex trading is one of the...
Difference Between Technical and Fundamental Trading in Forex
The two major schools of thinking in financial markets are technical analysis and fundamental analysis. Technical analysis looks at a security's price movement and uses this information to estimate the potential price movements. On the other hand, fundamental analysis...
Profitable Mindset in Forex Trading
Forex trading is not only about mastering which technical indicators to use or when to join or exit a trade, it is also about mastering your own psyche and mindset. Most experts believe that cultivating a successful trading mentality is one of the most critical...
Forex Trading Education | Learn to Trade
The starting point for any good trader is to have a strong forex trading education. You need a good education that will serve as the basis for your trading career, no matter where you want to go or what you want to do with your forex trading. Nearly all...
How Gold Affect the Forex Market
Not only among individuals but also through the nation's Gold market is a symbolism of wealth and rank. There's a notion that it can provide financial stability when one acquires gold. There is more to gold than simply being a desirable asset, however, since it also...
Why you should keep your trading simple
It's no big secret that when trading the forex market, you need to have an objective and calm mentality, but many traders find it very difficult to achieve such a mentality by using confusing and complicated trading methods. A simple approach keeps your mind open and...
Equity in Forex Trading Account
What is Equity in Forex? In forex trading, the equity term refers to the overall value of a trader's account after all open positions in the equation have been factored in. If the trader has active trading positions, the leverage on the forex account is essentially...
Liquidity and Opening Hours in Forex Trading
The forex market is open 24 hours a day, 5 days a week, to business around the clock. The forex market is a de-centralized global market for currency trading. This covers all aspects of the acquisition, sale and exchange of currencies at existing or fixed rates. It is...
Losses in Forex Trading
There is one sensation that Forex traders hate universally because of losses, the frustration of watching a losing trade turn deeper and deeper toward them would probably be. Unfortunately losses are an unavoidable part of forex trading and if you can't recognise...