With the rapid growth of online currency trading many strategies become more popular than others. One of such strategies is 10 pips a day trading strategy. It is widely advertised as one of the fastest ways to make profit on Forex. Just as any other trading method 10 pips daily strategy can be effective for different kinds of traders. Let’s take some time and break down the key points of this strategy in order to better understand it and implement it correctly. What is the 10 Pips a Day Forex Strategy? First of all, pip is short for...
The currency exchange market can be both forecastable and unpredictable. Even after spending hours developing a foolproof strategy a trader can make a move that will cause him to lose. There is no magic formula or a ritual to know for sure what is going to happen next. However, with that said, there are some tendencies in the market that can be used to the trader’s advantage. They can vary from the different aspects of market analysis to the exact time when the trade will take place. Let’s talk about the best days and times to...
As you start to trade currency the first step should be finding the best Forex broker to work with. Before we go into how to find a reputable Forex broker let’s first establish what brokers are and why they exist. A broker is a person or a company that handles purchases and sales for their clients. When it comes to Forex, broker’s main role is to provide traders with access to the platform and sometimes guide them through the process. Very often the success of one’s trading experience relies on the broker. That is why it is...
How to trade Forex with small account Forex trading with small investment How to grow a small Forex account There is a common misconception that Forex trading with small investment is impossible. It might have been true before, but with the introduction of online trading this statement became absurd. Currency trading, after all, isn’t gambling and you do not need to spend a lot to make a lot. In this article we are going to talk not only about how to trade Forex with small account, but also why in many cases it is the best solution...
Trading is not always easy and you cannot argue that one has to acquire a certain level of expertise before becoming a successful trader. Part of this process is studying the market and working out a strategy for your trades. Those strategies vary based on the tools used to execute them. One of such tools is market charts and specifically intraday charts. Trading strategies based on intraday charts are commonly used among traders. However, choosing between time frame options can get tricky. On one hand you want your chart to be as...
