The main task of a trader in the process of trading is to correctly forecast the trend. To do this, you need a good understanding of macro and microeconomics, knowledge of banking at a high level, and a clear understanding of the nature of finance. Moreover, many skills cannot be acquired except through personal experience. Therefore, it is hard enough for beginners to start. But do not be in a hurry to get upset, because there is a way out. We have prepared an overview of specialized programs that can conduct complex analytics for you. Such...
According to Autorité des Marchés Financiers 8 out of 10 traders lose money because of scammers. It`s far from being surprising since with the growing popularity of the Forex market, the number of Forex scams trying to profit from the rapidly developing market is also growing. As Forex includes international currency exchange, new types of fraud keep appearing almost every day. Ironically, many of these scammers advertise in newspapers, television, or other media. The Forex market itself is not...
In recent years, technical analysis on Forex has gained popularity not only for its relative simplicity but also for its universal approach. This means that it can be applied to all market segments and to different time frames. Many modern trading systems of large financial funds and commercial firms are based on technical analysis. Therefore, both professionals and beginners can use it as a starting point in their trading. In this article we will learn the basics of the technical analysis, will discover how charts can be analyzed, as well...
Becoming a Forex trader full time sure sounds good. Modern technology allows us to trade from anywhere at any time. But just like with every other career, professional currency trading requires certain amounts of knowledge and effort. Today we discuss how to become a full time Forex trader and what to consider along the way. Forex Trading as a Full Time Job Can Forex trading be a full time job? Absolutely. It is true that for the majority currency trading is nothing more but a side hustle or a hobby. However, there is still a good...
What Are RSI and MACD Understanding MACD and RSI Difference Between RSI and MACD MACD and RSI Trading Strategy Both RSI and MACD are highly effective momentum indicators. In order to use them correctly you need to start by learning how each of them works. Today we will discuss how to read MACD and RSI as well as the possibility of using RSI and MACD together. What Are RSI and MACD Forex technical indicators are assistance tools designed to extract and analyze certain information from the chart. Based on each indicator’s...
