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.
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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”
The possibilities in forex are virtually unlimited. The earnings potential is very promising for anyone who has prepared well and sought sound advice from trusted sources. New traders beginning to invest in the forex market should learn from seasoned forex traders. The following article contains valuable advice on how to get started with making trades on the foreign exchange market. Continue reading “Things You Should Know About Forex”
The potential for huge profits exists in forex, but 90 percent of all new traders lose money, and it’s important for you to do your homework so that you can be in that 10 percent. Research, demo accounts, community participation and a slow, patient start can all help you get comfortable with forex without taking big risks. The following tips will help to optimize the learning process for you.
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Forex is a market, participated in all over the world, where people can trade currencies for other currencies. For example, if a Forex trader thinks that the yen is getting weaker, then he can trade his stock in that currency for stock in a more promising currency, such as the U.S. dollar. If this is a good investment, this trader will be able to sell the yen for a profit later. Continue reading “New Ways To Make Money On The Forex Market”