Forex trading can be highly profitable if you have the right knowledge and use the best strategies. There are traders that have made a fortune trading different currency pairs, and you may be lucky to do so too. This is why we provide accurate and detailed information about Forex trading in our guides, and we have different pages for each topic.
Even if you are a total newbie to Forex trading, you can get started selling and buying currencies against each other in the Forex market in no time. Our Forex trading for beginners guide covers the rudiments of how the market works, types of traders, currency pairs, and more. With the information available in this guide, you will understand the basic strategies to apply when entering or exiting a trade. You'll also learn about the importance of stop-loss and take-profit management.
Since the Forex market is traded globally by different people, it is important that you understand the market hours. Ideally, the market is open 24-hours a day, starting from 5.00 P.M EST on Sunday to 4.00 P.M EST on Friday. Our comprehensive guide on Forex market hours will let you know when each country enters the market, the times when trading traffic is at the highest, and so on. In addition, you will learn how to identify the right time to trade based on the volume of trades done at a particular hour.
The Forex market, like every other market, has its own jargon. There are different terminologies and abbreviations used by traders and brokers. In our Forex Abbreviations/Dictionary guide, we have listed these terms and explained what they mean. This way, you won't be a novice to them, and you can start trading comfortably and quickly.
Copy trading in Forex allows you to copy positions that are opened and managed by other traders. But before you start copy trading, you need to understand how to choose the right trader or positions to copy. In this guide, we have explained all the essential factors that will make you a successful copy trader. You will learn how to identify the success rate of other traders as well as determine if their risk appetite matches yours.
Learning how to trade the Forex market involves huge dedication and focus. While there are different books that discuss Forex trading, we have hand-picked the best five. In this section of our website, we will explain what you need to know about these books. Besides that, we will talk about how best to use them. We will provide you with insight into the topics that they discuss and what makes them outstanding resources.
Forex day trading involves entering a trade position and exiting it the same day. There are day traders who make a substantial profit in the Forex market using this strategy. In this section of our website, we will explain in detail what Forex day trading is all about, as well as the best strategies to use. We will highlight the best indicators for day traders, risks involved, features, and so on.
Forex trading is not as difficult as some people think. However, to be a successful trader, you must know what to look for and how to enter and exit trades. With our explanatory guides on different Forex topics, you can start trading like a professional in no time. Whether it is trading strategies, styles, tools to use, market hours, or terminologies, you will get the best information in our guides.