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 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 [...]
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 [...]
Intro to Fibonacci currency trading
But in the case of FOREX trading what is more significant for the foreign exchange trader is the Fibonacci proportions derived from this sequence of numbers, i. Forex traders can seriously benefit from this mathematical proportions thanks to the fact that the oscillations noted in foreign exchange charts, where costs are visibly changing in an [...]
Currency Pairs – Forex Traders Should Know
It is impossible to explain forex trading without mentioning currency pairs. Term “Currency pair” refers to two currencies which is traded one against another. It is written in a mixed codes represent both traded currencies codes.
A Simple Forex Template You Can Use
I’ve currently got around 21 different forex templates loaded into my charting software but today I thought I would share with you one particular template that I’ve been working on recently. It uses a combination of moving averages in conjunction with one of my favourite indicators, the Supertrend indicator, and I think it could potentially [...]
Low Risk-High Return Currency Trading
This article is intended to help you trade currency profitably and happily. If you are not a happy person, then you need to take a look at your life, write down some goals, talk to a mentor and then eat a huge bowl of crickets. You will feel better immediately.
The Big Ben Strategy
Day trading the foreign currency (forex, FX or interbank) market is definitely one of the more challenging endeavors an aspiring trader can pursue. The higher degree of leverage (as high as 50:1 or 100:1) available in this market can increase profits, but it equally accelerates losses.
This makes the issue of trade timing and selection that [...]
Forex Pips Value
Forex pip value refers to the amount of money we gain/lose for each pip we gain or lose in currency trading. This is different with ‘1 pip definition’ I wrote before, so please don’t confuse both terms. In this article I’d like to explain how to find out forex pip value for any currency pair.
What Is Online Stock Trades
Online stock trades are availble to anyone with a reputable online broker. However, you need to know a few things before you get started because the risks can be high and you can lose if you are not careful.
The first rule for online stock trades is: never invest money that you cannot afford to lose. [...]
