PaxForex offers demo accounts for everybody, and especially encourages them to beginners of the Forex financial market. We do this to ensure that customers will be trained to trade currencies without unconsidered risk, get used to it and develop their own trading strategy before moving on to work with a real trading account. That is why the demo account has no restrictions such as deposit funds or limited time of use of virtual funds. Thus, you can use a demo account as much as necessary and fill up its virtual credits at any time. When one...
Forex auto trading is a slang term for automated trading on the foreign exchange market, wherein trades are executed by a computer system based on a trading strategy implemented as a program run by the computer system. The trading strategy consist of a set of criteria, and is typically programmed, but can also be created by using a method combining the set of criteria visually without programming. The set of criteria used in a trading strategy for Automated Trading are mostly based on technical analysis....
Trading forex news is an integral part of the market activity of trading participants. Forex news refers to the economic and socio-political events and data that are released periodically to market and economic watchers. These events or data typically affect the investment climate in a country or region as well as the world over. This is why forex news affects the currency markets to a very large degree. Forex news can be of low impact, medium impact or high impact, depending on how market watchers typically react to the numbers that...
As attractive as the Forex market is to many people, the hard statistics show that the vast majority of Forex traders fail in the long run. That is not to say that there are not many traders that make a nice living from the Forex market, there are. However, if we can understand why so many people fail, maybe we ourselves can become a part of the minority that succeeds. Here are some common mistakes made by Forex traders: Search for the magical solution. A lot of people are attracted to the Forex market because it generates a lot of hype....
Stochastic Oscillator is essentially a momentum indicator that measures the strength of currencies. The use of this oscillator is particularly useful when it comes to forex trading. If you want to become a good currency trader, you should be able to compare the performance of currency pairs over a certain period of time. So you will be able to see approximately where the pair will move in the future. The values of stochastic oscillators are enclosed in the range of 1 to 100. They have the figures on whether the currency is currently...
