Day trading has been traditionally associated with stock market investing, but as the internet grows in popularity, more and more investors have begun day trading on the foreign exchange, or forex market. Since the forex market is open all day and night for six days a week, investors are able to execute trades at any [...]
There are numerous Forex trading platforms available for both newcomers and experienced traders. In recent years, the internet has increasingly dominated the sector. 1996 saw the introduction of retail Forex trading, when several brokers, identifying that they not have the necessary tools available to them, launched their own customised platforms. Software companies attempted introduce a [...]
One of the most important tools in a Forex trader’s arsenal is a great Forex broker. With all the options available, you must know what questions to ask to ensure you know your broker, because their tools and guidance can help lead you to becoming a better trader. Experience Ask about your broker’s experience. You [...]
The largest financial market for trading worldwide, the Foreign Exchange Market is more commonly known as Forex. Due to its ease of access the Forex market is increasingly favoured over the equity market. Thanks to the growth of the internet, in recent years, it has become increasingly easy for individuals to start trading without having [...]
It is relatively easy to start as a forex trader, particularly with the ease of internet access. Traders can work anywhere in the world with minimal start-up costs. Before launching into the role of a forex trader, spending time studying the intricacies of the forex market, the risks associated with it and understanding psychological factors, [...]
There are so many Forex brokers available that selecting one can sometimes feel too overwhelming. However by considering a few important factors, it is much easier to choose between brokers. Different brokers offer different leverages, which is the amount they are prepared to lend a trader. Traders with smaller deposits need a broker offering higher [...]
When trading in Forex, currencies are traded in pairs. The numerator is known as the base currency and the denominator is known as the ‘quote’ or ‘counter’ currency. Each currency has a three letter acronym (rather like an airport code) and currency pairs are expressed like this: base currency/counter currency. So for example, USD/EUR is [...]
New traders must choose a broker who has the right type of Forex trading platform to suit their needs and it can be a bit overwhelming when there are so many to choose from. To make this task a little easier, new traders can start with finding a broker who uses the most common platform [...]
The reason most people get involved in Forex trading is that it is possible to make big returns for a small outlay. The leverage ratio (i.e. the amount of money required to invest versus the potential returns) is very high in Forex trading compared to other types of trading so it is a very attractive [...]
Forex trading is a form of betting on the foreign exchange markets (Forex) between currencies. Forex traders buy one currency and trade it against another one, hoping that the one that they have bought will become more valuable than the other one. Forex traders use a Forex trading platform provided by their broker to facilitate [...]