Education

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Technical Analysis Forex – Part Two

Before entering a position, you need to know in advance when to exit the market. Traders will not hold positions indefinitely, that’s for sure. Knowing how long you want to maintain your position will determine your exit point and price. If you decide to hold a position for a week, then your profit target will naturally be greater than your goal of holding on to a few hours, because, given the longer period, you may want the price to rise further.

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Technical Analysis Forex – Part One

Technical analysis is defined as “research of market trends that mainly uses graphs to predict future price trends”. To make foreign currency trading profitable, you need to buy when the price is going up or about to go up, and sell when the price is going down or about to go down.

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Make a living with Forex in 2021

Last year, the coronavirus pandemic severely affected livelihoods. Therefore, online CFDs may become more popular in 2021. In this article, we will explore whether you can make money using foreign currency trading.

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Fraudulent Brokers in Forex, How to identify?

For traders, choosing a broker to invest in the foreign exchange market is one of the most important things. It is just as important as your trading system, because even if you have the best system in the world, your broker will bankrupt you.

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Type of Forex Brokers

The foreign exchange is the largest financial market in the world and the most liquid. As it is not a centralized market, there is no single regulatory agency, but several regulatory agencies divided by the world’s financial centers.

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How to operate Forex?

Although currencies are traded 24 hours a day, on weekends, Saturdays and Sundays, banks and stock exchanges are closed and bank holidays (usually different holidays in different countries / regions), the market will also be closed.

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Main Markets in Forex

The foreign exchange market is open 24 hours a day, 5 days a week, so you can trade day and night (most markets do not continue their activities on weekends). If you are a businessman with insomnia, it is nothing more than publishing some exchange newsletters at night.

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Forex Margin and Leverage

The foreign exchange market has several unique characteristics that attract investors, and the trading margin is one of them. Trading with margin simply means that the dealer is “borrowing” money from the broker in order to be able to buy more currency than the resources he has.

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Main Currencies

Each coin has its symbol, which consists of 3 letters. The first two identify the country and the third represents the first letter of the currency of your country of origin. The following is a list of the major currencies.