Introduction to Pending Orders and Trailing Stop in Forex Trading
Use of Pending Orders & Trailing Stops is one of the basic strategies in Foreign Exchange (Forex) market. You need not to sit in front of computer screen 18 hours a day if you are good enough to make use of these two tools which are available in MT4 software.
Understanding Elliot Wave (EW) Patterns
Analysis and inference through the chart patterns is one of the most complex but successful strategies used by some traders. There are different trading systems that are based on the chart pattern analysis; Elliot Impulsive & Correction Waves Pattern, founded by R.N. Elliott, is perhaps the easiest among all such systems. Let us have an in-depth view of this system.
Online Trading – What You Should Know As A Beginner
Are you interested in the financial markets, such as day trading, stocks indices or forex? If yes, you should gather some knowledge about online trading.
Gold Appears Vulnerable, Eyes $1307
Gold has closed with a large bearish engulfing candle below the major 76.4% fib level resistance which shows considerable downside risk. The yellow metal is expected to continue the slide up to $1307 an ounce or even below amid Fed tapering optimism.
Things You Should Know About Online Brokerage Firms
Online brokerage firms have gained significant ground thanks to the growing interest in trading. With a market base that is predominantly European and Asian, the services have grown in reputation, and attracted a new range of small scale investors.
Introduction to the Currency Market
In this article I show some of the essential aspects of the foreign exchange: the reason and need of this market, its participants, what is spot FX, and its main characteristics. The forex market is a fundamental tool for allowing business transactions between different currencies.
Characteristics of a Good Trading Platform
Online trading has opened up new possibilities in investing that are accessible to the masses. The desire of initiating a venture is shared by many people, but there’s an immense challenge in starting a profitable enterprise. For those who have a little to invest, but lack any scalable ideas, online trading offers an alternative that can lead to a sustainable income.
Is Wall Street’s Consensus Wrong on Gold Again?
Nobody on Wall Street would have suggested you to invest in Gold ten years ago. Yet even after the most recent price weakness. In the last decade the prices of Gold are up 500 percent and stocks would have hardly made you a dime except for some dividends!
Are There Risks in Forex Trading?
Just like any other investment vehicle, forex trading has its own risks and benefits. Mostly, you will read about the advantages of currency trading but you will rarely see its risks being mentioned. But the truth of matter is that approximately 90 percent of the foreign currency traders lose. One of the reasons why most people lose in the forex market is because they do not understand market trends and leverage well. Most of them see these as quite easy to deal with, but in real sense they are not.
How to Find the Peak Point in Forex
The forex trading market works around the clock unlike the stock market. But this does not mean that you will make huge profits all through the 24 hours. There are certain times when bigger profits could be made while there are other times when there will be a lull in the market and therefore chances of making huge profits will be minimal. It is vital that you know the key entry as well as exit points in a trade if you want to get maximum profit from forex.
How to Trade Binary Options Profitably
The Binary Options market can be difficult to perfect. Although it’s technically simple, maintaining profitable trades is challenging. Binary Options are based on the Forex market, using the currency pairs and charts, but with a twist. Making a profitable trade is as simple as deciding whether the market will go up or down in a defined time period.
Forex Strategy – Hedge and Hold
Most Forex traders have a strategy or two that helps them win trades. Many traders use Expert Advisors, software or robots to assist them in making trading decisions. Others watch the markets regularly and make trades based on a fundamental knowledge of candlesticks, line graphs, and other indicators. One extremely simple strategy that any trader can use is the Hedge and Hold Strategy.
What You Should Know About Forex Trading and Trading Platforms
The foreign exchange market provides one of the most potent investment outlets available. Ever since the market came alive in the 1970’s, many traders have found financial independence by simply playing a part. Currency trading, or simply forex, is an easy way to make a living once you get an idea of how everything works. It is a science of sorts that you can easily learn if you commit yourself to the process.
Four Habits of Successful Currency Traders
Forex trading is one of the most exciting ventures you can undertake in today’s financial markets. There’s an allure of uniqueness to this business, owed to the lack of any supervisory entities, geographical dispersion and the fair competition that it offers. But there is more to forex than simply trading one currency for another. Though that is the foundation of it all, the specifics of how everything works are more complicated.