How Islamic Account Changes Forex Trading
Islamic account possibility increases the interest of traders in forex trading market. It brings several benefits and friendlier environment for Muslims to trade. Islamic law called sharia prevent Moslems to accept interest from any loan on both floating and fix payment. This law gives impact when applied on financial trade like forex. Continue reading “Islamic Accounts Add Interest to Forex Brokers”
How to Start Trading in Forex Market
Starting a trade on forex market is a smart way to earn more money right now. However, for beginners, this can be a little complicated. We need to understand strategies in making an account and how to conduct our trade. Here are several essential informations you must know to begin. Continue reading “Forex Tutorial: How To Trade & Open A Forex Account”
Understanding Forex Trading for Beginners
What is forex? The forex market is a decentralized global market where its participants exchange currency. This currency exchange transaction occurs daily with a trillion dollar transaction volume. It is the most liquid market in the world.
Many people claim to earn extra money from forex trading. You may be wondering what it is actually and how we work it out. The entire details on this trading are many and you need some time to master them all. You also need some time for training and experience before you can finally make a real money account and trade. Continue reading “Forex Tutorial: What is Forex Trading?”
Trading platform is the most important tool that every trader must have in order to carry out trading activities. Trading platform is a combination of software and hardware, but traders are more familiar with its software form. Trading platform provides a convenient interface for both traders and brokers to interact with each other.
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Forex swap refers to the difference of interest that is valid in every country whose currency is being traded in the forex market. Traders will receive swap only if they leave their order open for more than one day. The swap amount is determined according to whether the position opened by the traders is a long or buy position or a short or sell position. For every pair being traded, traders have to pay the interest of the currency that they sell and to receive the interest of the currency that they buy. Continue reading “Understanding Forex Swap”
From time to time, Forex traders need to analyze the situation of the market. It’s important to analyze correctly and try to figure out the correct actions and anticipate the upcoming events. Traders need to learn “reading”, grouping and analyzing the information they found. In order to be able to predict the future fluctuations of currencies, traders can learn two analysis types. The first one is technical and the second one will be fundamental. Continue reading “Analysis on the Forex Market”
Charts exist in order to help displaying the foreign exchange quotes. There are several types of charts seen being used in the Forex market. These charts will be used further for the technical analysis as well as in decision making process. These charts will be built with two coordinates of tick and/or price (vertical axis) and the time period (horizontal axis). With the exception of the tick ones, these are the kinds of data used in building charts for Forex. Continue reading “Types of Charts”
There are people who feel curious and interested in starting a Forex trading. It is actually easy to start trading in Forex market. It starts to become complicated when trader tries to gain profits. Many people mistake Forex trading as an equivalent to gambling. This is wrong because Forex doesn’t depend on luck. Steady profits require theoretical knowledge that will be followed by practice. Continue reading “How to Start Trading on Forex”
In Forex market, traders will encounter terminologies used to describe particular things. It is a very important thing to lean about these terms in order to make the trading easier. The followings are a collection of terminologies of Forex trading.
Continue reading “Forex Trading Terminologies – The most important terms in Forex Trading”
The trading concept of Forex market is the one based on transaction of buying currency for another and then inverse the operation of selling the currencies in order to get profit. This kind of transaction can be done with almost all currencies in the world. Let’s check the following example: Continue reading “Basics of Forex Market”