Forex trading run non-stop across the globe through over the counter markets and speculative trading in the retail forex market continues to grow with . As a result, there can be intermediaries (like banks or brokers) who engage in financial irregularities, scams, exorbitant charges, hidden fees, high-risk exposure offered through high-leverage levels, or other bad practices. One of the most important criteria for alt the new and exiting traders when selecting a forex broker should be the regulatory approval status of the broker and...
Many people believe that the markets are random but many others also argue that although prices may appear to be random, they do in fact follow a pattern in the form of trends. One of the most basic ways in which traders can determine such trends is through the use of fractals. Fractals essentially break down larger trends into extremely simple and predictable reversal patterns. When many people think of fractals in the mathematical sense, they think of chaos theory and abstract mathematics....
Forex trading is one of the financial investments where the investor or trader doesn’t necessarily require too much funds to begin with. Nevertheless, even though you don’t require too much cash for you to start trading, having too little in your account actually adds to the risks of forex trading. The smaller your trading capital, the bigger risk your money is at. A small account can easily be wiped clean especially when the market makes some unpredictably and unexpected movements – particularly during economic news releases. It is important...
It is widely known that if you want to become a profitable trader you have to create your own trading strategy which should be tested in order to be proved its profitability. Many beginning traders are using backtesting as a method to prove their strategy’s profitability. Backtesting means taking the rules for a trading strategy and subjecting them to historical data to see if it would have traded profitably in the past. Backtesting is the process of testing a trading strategy on relevant historical data to ensure its...
Recognizing chart price patterns is an important aspect of technical analysis that forex traders should master. These patterns act like a highlighter on the chart showing a potential trade. With so many ways to trade currencies, picking common methods can save time, money and effort. By fine tuning common and simple methods a trader can develop a complete trading plan using patterns that regularly occur, and can be easy spotted with a bit of practice. Forex chart patterns are on-chart price action patterns...
