Currency Exchange Glossary
Ask Costs are shown on the right side of a quote e. The spread represents the broker’s fee, and varies from broker to broker. Most Currency exchange brokers are associated with huge money establishments and earn money by setting a spread between bid and ask costs. Everytime division on the chart is displayed as a [...]
The 4 Key Players
When trades are conducted in the equity market, they are normally conducted with institutional investors (e.g. mutual funds) or other individual investors. The Forex market operates differently in that there are additional players who trade for reasons that are different from that of the equity market. So for the purposes of educating the newcomers to [...]
Top 10 Currencies Traded
When people hear of currencies changing, they are often confused. When they hear of the dollar gaining or losing on other types of currency, that do not realize that the currency is actually being bought, sold, and traded. The forex market, also known as the foreign exchange market, is a way for companies, banks, and [...]
5 Simple Ones to Increase your Profits
The forex tips below are all easy to do and all will help you achieve one aim increasing your overall profitability. So here are 5 forex tips for greater profits.
Trailing Stop Loss
Deciding when to exit a trade is probably even more important than finding an appropriate entry point. Emotions can influence in a negative way your decision to exit a trade because sometimes instead of exiting a trade for a small loss you start changing your stop loss orders to let the trade run hoping price [...]
How to place your stop loss and profit target correctly?
Stop loss
I have decided to start my forex tips lessons with this topic because capital preservation is the most important aspect of forex trading and you can’t preserve your capital unless you know how to set your stop loss correctly.
Placing your stop losses incorectly will lead either to exiting a trade prematurely and missing a [...]
The advantages of forex trading
Foreign exchange market (shortly forex) is a certain place for trading different currencies. As it is one of the most liquid financial markets available to an average investor it offers a possibility of earning huge profits daily! And it is reasonable due to forex market apparent turnover of 3 trillion dollars a day. One might [...]
Why Are Fibonacci Indicators So Useful?
Foreign exchange traders can gain advantages from using these proportions when trading. While some professionals dismiss it as yet another exaggerated term, others think that there’s credence to this concept.
The theory of Fibonacci should be applied only in certain examples.
This occurs particularly when support levels of damaged kind coincide with retracement levels of the Fibonacci [...]
Overdosing on Opinions
What’s the one thing that’s free, found in ready abundance, doesn’t need to be mined or manufactured, and is happily lent and offered?
An opinion.
Opinions are omnipresent for traders. You can check out CNBC and Fox Business. You can read the Investor’s Business Daily or check out the Wall Street Journal.
Then there’s blogs… I write that [...]
Where is the forex market?
The forex market does not exist anywhere in the world physically. Hearing the word, ‘market’, you may imagine the physical places like a vegetable market, fish market or a stoke exchange. The forex market is based on the OTC unlike the exchange traded products based on price-centralization. In this OTC market, the forex authorized banks [...]
