The popularity of trading on forex is growing every day. An opportunity to profit quickly in several thousands of dollars attracts people from all over the world. However, forex trading is a very risky business. If you ignore the rules and recommendations of experienced players and rely only on your luck, it is easy to lose every penny. Many people get started with forex trading for the wrong reason. They believe that is a way for them to get rich quick. As with any legitimate trading avenue, however, this is not the case. Many traders fail...
In 2016, the average daily turnover in global forex markets was estimated at about 5 trillion USD. It is not unusual for traders to dream of obtaining financial freedom and self-employment by supporting themselves through profitable forex trading online. The forex market requires the least amount of capital to start trading, trades 24 hours a day (during the week) and offers a lot of potential due to the leverage provided by forex brokers. The key question is how much money can I make by trading forex? Obviously, there is a massive...
The past decade, in the aftermath of the last financial crisis, just about everyone has been bullish on everything. A strong bull market in equities, bonds and credit has stunned many bears. The source of this bullishness was huge quantitative easing programs by all major central banks which pumped trillions worth of liquidity into markets. Many state that the market went up not because of fundamentals, but rather because nobody can compete with central banks and their money printing bonanza. Forex traders had to take into account that the...
Although trading time frame terminology is not especially precise, it can nevertheless help to get a general understanding of what phrases like long term, medium term and short term actually mean to traders who use different trading strategies. Often times, traders can get conflicting views of a currency pair by examining different time frames. While the daily might be showing an up-trend, the hourly can be showing a down-trend. It can be really confusing for beginning traders, which time frame to build strategy on? Many new traders spend...
The popularity of forex automatic trading robots keeps increasing, in spite of the dubious returns generated by using them. A forex robot is forex trading software that automates trading decisions. Forex trading is perhaps one of the most modern financial markets that witness a significant amount of auto trading through dedicated forex robots. Auto trading, also known as algorithmic trading in some financial markets, is a trading process that uses automatic programs and trading systems, which opens and closes orders according to a particular...
