I have to admit that Forex trading is one of the hardest jobs in the world to make big money. The main reason why many traders failed in the Forex market is because their lack of knowledge. It is not a matter of working hard, but a matter of working smarter.
There are correlation between currency pair, liquidity, and volatility in the forex market that will benefit you when you have knowledge about it. This article will talk about this topic and provide you with an alternative in choosing which currency pair to concentrate in.
At a glance, forex trading might looks like free of cost. We could trade wherever and whenever by installing trading platform in our computer and gadget, so where is the cost? But actually, there are other cost that will make up your overall cost of forex trading.
This article might be one of the most important to read if you are trading Forex, especially these days as the chatter regarding the price of the Euro and the ECB chairman's next move are becoming the talk of Forex traders recently.
If you don't want to drown in forex market whirlwinds, then you should plan your trade carefully. The plan will be your guide when the market suddenly turned bad, or when your trading system is giving out false signal. Still, with so many rules and analysis, how do we figure out what to be done and which should be done first?
Learning the characteristics of currency pairs will help you understand the pattern of price movement that will help your analysis. Here are the characteristics of the four major pairs in forex trading.
Opportunities in forex trading can be acquired not just by simple buy and sell transactions. Actually, you can make use of other mechanisms to your benefit; from Pending Orders to different kinds of financial contracts.
What is currency pair? Do you know about spread and pip? Well, entering the forex trading world needs a good understanding of certain terminologies like them. Here you can learn about them.
In order to trade in the right market, you need to consider some important matters when choosing the forex pairs. This article will also provide some useful knowledge on the basics of reading a chart.
