Posts Tagged ‘Forex trading’

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Trading Forex — Profitable Currency Trading — No Previous Experience Necessary

Profitable currency trading is within everyone's reach, but only a minority succeed. The reason for this is that most traders don't treat is a business and don't approach currency trading with a set plan. No previous experience necessary for profitable currency trading. Treat is as a business with a set plan and you will succeed even if you have never traded before. Here is a plan for your […]

Forex Going Through Consolidation Phase

A new trading week kicked off on a quiet note like the end of the previous one. Trading activity has come to a halt on the back of the Easter holiday in most countries. Nevertheless, the Asian traders had an action packed session amid a series of macroeconomic data. Confidence among Japan's large manufacturers weakened for the first time in 2 years on the January to March quarter. According to the Tankan survey from the Bank of Japan, the main index of the sentiment of large […]

Impulse Trade of Alexander Helder

This video is devoted to the impulse trading system by Alexander Elder in the MetaTrader terminal. The essence of this strategy is simple. We buy when the price rises, sell as soon as the growth rate slows down. A necessary condition for success is to trade on the timeframe where the average price movement in the trend is not less than 10 spreads of your currency pair. For the euro, it is 20 pips. We will use […]

Larry William Strategy

Larry Williams is the symbol of short-term trading. This is the man who proves each year that hundreds and thousands of percent per annum can be earned trading on forex. In a single year, he increased his capital from 10,000 US dollars to one million one hundred and seventy thousand dollars. Let's impose two moving averages on the chart. The first moving average will be calculated on the basis of the bar's […]

Understanding Forex Series — What Is a Standard Lot

In this video, we will learn about what a lot is. The standard size of a transaction is called a lot. Typically, the standard lot is equal to 100,000 units of the base currency. In other words, 1 standard lot controls $100,000 of the base currency. Many brokers allow you to break you to break your transaction into smaller lots. This is what we call as microlots. This is how basically […]

Understanding Forex — What Is a Pip

In this video, we will learn what is a pip. To understand what a pip is, we are going to review a little bit about a currency quote. Let's look at the EUR/USD pair. Here, the euro is the base currency, and the dollar is the quote currency. Let's say that the exchange rate of EUR/USD pair is 1.2665. The base currency, which is euro is going to cost you 1.2665 US dollars. […]

Understanding Forex Video Series — What Is Forex

What is forex, and how do we define it? It is basically where we see the currencies being actively bought and sold by banks and investors. It is a process of transferring one currency for another. In a forex quote, we take a base currency, and compare it for a counter currency, which is often referred to as a quote currency. A currency quote compares the relative value of the base currency versus the quote currency. Forex […]

Understanding Forex — Interesting Facts About Forex

In this video, we will focus on understanding the forex market and the interesting facts. One of the most important thing to understand is that it is the largest financial market in the world. Forex is the most liquid market in the world. The Forex market is open 24 hours a day. The market is open 5.5 days a week. We have nearly 4 trillion in volume in the forex market. That volume is what allows […]

Understanding Forex — What Is a Forex Currency Quote

In this video, we will focus on understanding the forex currency quote. Now, to do that, we have to talk about what are the actual major currencies in the market. There are basically six major currencies — the US dollar, Australian dollar, British pound, Euro, Japanese yen, and the Swiss Franc. These currencies make up about 85% of daily currency trading volume. These currencies are deemed the most liquid. […]

Forex Trading: How Risky Is It?

One of the first things people say when they hear about day trading is, oh!, trading is too risky, trading is basically like gambling. It is all about risk versus reward. The two things that are obvious are that people don't really understand the function of money and secondly, they have emotional barriers to money itself. We have been brainwashed for so long […]