Types of Forex Orders: 6 Key Takeaways
Navigating forex trading can be tricky, especially with the various types of forex orders to choose from.. But fret not, fellow traders! Whether you’re taking your first steps or sailing with the seasoned, join us for an approachable exploration of the diverse world of forex orders. Let’s kick off with the Market Order This is […]
Forex Rollover Rate for Smart Trading
Looking to step up your forex trading game? Then you might want to grow your understanding about Forex Rollover Rates. Keep following along to know how they function, along with some handy trading suggestions. Let’s jump in and get to know them better! What is the Rollover Rate in forex? In Forex, rollover refers to […]
Top Traded Currencies in the World
As the global economy continues to grow and expand, more and more currencies are being traded on the foreign exchange market. The foreign exchange market is the largest and most liquid financial market in the world, with an average daily trading volume of over $7 trillion. Now, are you curious about the top traded currencies […]
A Beginner’s Guide to the Forex Market Structure: It’s Simpler Than You Think!
Let’s take a closer look at the captivating Forex market structure, akin to a layered cake with each level having a crucial role in the market’s performance. Grasping this hierarchy could be vital for anyone aiming to navigate the Forex landscape skillfully. Retail Traders (The Foundation) At the base of the Forex market structure pyramid, […]
Forex Market Sessions
When it comes to forex trading, timing is everything. With the forex market session opening 24 hours a day, 5 days a week, it’s crucial to know which sessions are the most active and may offer the most trading opportunities. But, let’s be real, with all these different forex sessions, it can feel like you’re […]
Fibonacci Trading in Forex: A Beginner’s Guide
In forex trading, strategies are like playbooks guiding traders to success. Among these strategies, Fibonacci stands out as a powerful tool, with the capacity to enhance traders’ decisions with mathematical precision. Let’s explore how Fibonacci trading transforms numbers into invaluable allies in the forex market. What is Fibonacci Trading in Forex? In Fibonacci, each number […]
What is a Contrarian Trading Strategy?
In the high-speed realm of trading and investment, where shifts in trends and sentiments occur in the blink of an eye, there exists a strategy that piques curiosity and stands out for its distinctive approach – the Contrarian Trading Strategy. Stick around as we shed light on this strategy and discover why it might be […]
Understanding the Long and Short Position in Trading
Forex trading or foreign exchange market is like setting out on an exciting adventure. Like any journey, you’re likely to encounter unfamiliar language and concepts. At the heart of this vast ocean of currency trade are two foundational concepts: the “long and short position in trading.” If you’re keen on decoding this world, let’s set […]
Mastering Pips and Lots: A Comprehensive Guide for Traders
If you’re new to forex trading, you must have come across the term “pip” and probably wondered what it means. So let’s talk about pips – those little guys that can make or break your trades. Understanding Pips Well, they’re basically just units of measurement for currency pairs. When you see a price quote for […]
Spreads- Everything You Need To Know
Have you recently come across forex spreads? And are you having a little bit of a hard time wrapping your head around what they are? Worry not, as in this article we will take a deep dive into the world of spreads which might make this seemingly confusing yet basic concept a little more easier […]