Forex Basics

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Forex Basics category contains articles about the basic concepts of the forex world: Pairs, lots, pip, spread, slippage, and volume are covered in simple to understand articles.

What Are the Advantages of 1:1 Leverage in Forex Trading?

When it comes to leverage, you often see larger numbers being advertised, brokers trying to entice in new traders and new webers with the promise of sky-high leverage. In fact, the new standard of leverage being given by brokers these days is around the 500:1 level which would have been unheard of a few years ago. Some people, however, still swear by simply not using leverage, to use an account with a 1:1 leverage which basically means that you will be using your own money and only our own money, not borrowing from the broker at all. This does of course come with some advantages, advantages that we will be looking at in this article, so let’s jump in and see what the advantages of trading with a leverage of 1:1 are.

How to Make Real Money with a Forex Demo Account

A demo account serves as a simulation account that traders can use to practice trading in a live environment with virtual currency. Opening a...

What Equipment Do I Need to Trade Forex?

So, you want to start trading on Forex, but don’t know what equipment you need? Scared that you might start something and then realize...

Top Four Questions For a Professional Prop Trader

Becoming a professional prop trader is not easy. The positive results of trading and effort come after a few years. Whatsmore, they may not...

Top 10 Fun Facts About Forex Trading

When it comes to forex and trading, there is loads of information out there, it also has a very rich history, so when we...

Five Important Stats to Log in Your Trading Journal

Whether you’re only considering trying out forex trading or you’re already a trader, there’s a good chance that you might have heard tips mentioning...

Forex Trading Is A Scam!

Forex trading is a scam! That is something that you hear thrown about the internet quite a lot. We are here to take a...

Calculating Your Trading Plan Expectancy

One of the biggest steps to successful trading is accomplished once you develop your trading plan. Your plan serves as a roadmap that covers everything having to do with the reasons why and how you’ll trade. This includes the evidence you’ll look for before entering a trade when you’ll exit trades, risk-management precautions you’ll take such as how much money you’re willing to risk on each trade, and so on. Many professionals will tell you that you should create this plan and stick with it if you want to remain profitable, rather than going rogue30 and doing something else.

Why Forex Traders Must Value Their Time

All traders at the end of the year always take stock of their own trading activity. There still exists an element that is never...

20 Quick Answers to Common Forex Trading Questions

Without a doubt, the topic of Forex trading brings with it many questions. There are questions related to strategies, brokers, fund management, and much...

Which Countries Ban Forex Trading?

Forex trading is certainly legal in the vast majority of countries around the world, and very few countries prohibit speculative currency trading. At present,...

The Evolution of Forex Trading

So much has happened since the 90s once the internet started to connect the world. The evolution sparked many new things that unfortunately attracted some of the dangers too. Yet, where there is danger there is a secret, an opportunity uncovered. 

Must Follow Facebook Pages for Forex Traders

If we asked you to guess the most popular social media platform in the United States, what would you say? The unsurprising answer is...

Classic Quotes Relevant to Forex Traders

Often when we think about certain quotes in relation to forex and trading, we are thinking of ones that are solely from those that...

Rules That Most Professional Traders Follow

Professional traders are the people that are putting the food on their table with what they make with trading, so they must be doing...

The Trading Log: Key Component for a Pro Trader

At forex.academy, we understand that a trading record is a decisive component to be successful in Forex. That's why we took the time to create a free trading log on an Excel Spreadsheet. It was designed to present all the needed information at a glance. Here we present its guide.

Myfxbook: The Definitive Guide

What is Myfxbook? How do I create an account? What can I find on this platform? What should I do if I want to...

How to Start Investing in Forex

Forex or Forex Trading is a market, also known as OTC (Over-the-counter) and is the largest market in which billions of dollars are executed...

Signs You’re Actually Becoming a Forex Trading Expert

We all hope that one day we can be considered an expert trader. Being an expert will mean that we know exactly what we're...

Even a Combination of Double Top and Engulfing Fails

Double Top/Double Bottom is one of the most robust patterns that price action traders wait to take entries. When the price is rejected twice at a resistance level, it forms

Is Forex Trading Legal in India?

Are you interested in trading currencies in India? This global decentralized financial market with an estimated daily volume of exorbitant $6.6 trillion keeps expanding...

How To Become a Better Forex Trader In Just 10 Minutes

We all want to be better traders. We want to be more successful and we want to be or be profitable. Being a great...

What is a Forex PAMM Account?

You will see that some Forex/CFD brokers, usually the largest, offer a "PAMM Account". What is this type of account? In short, "PAMM" (in...

Women in the World of Forex

In this article, everything is based on an opinion, experience, conversation, and basic research by people that work professionally as traders on forex. It...

How Forex Trading Is A Bit Like Hunting

Depending on the way that you trade it could be considered a lot like hunting, here are a lot of similarities around the two....

SMART Goals For Forex Trading

You have probably come across the term SMART goals before, it is used all over the world in pretty much every profession that you...

TradingView Made Me A Better Trader (and It Can Do the...

TradingView is a technical analysis tool with a wide range of functions. It is basically a platform where you can perform analyses of different...

How Much Should You Invest in Your New Trading Account?

Deciding to become a forex trader is often the first step on the path to financial success and freedom for many investors, as long...

Top 7 Reasons Why Forex Traders Quit Trading for Good

The sad truth about trading and forex is that the majority of traders give up, there are many reasons why they may be giving...

Forex Trading: Expectations vs. Reality – Part Two

Let’s be honest, we all came into trading thinking that we were going to be rich, that is simply the expectation that a lot of new traders come into trading thinking, they have seen all the advertising spells with the present but often hidden warnings about the number of people who lost money. Due to these adverts and people on social media, people feel that trading is easy and that they will make a lot of money very easily and very quickly Or there are those that know very little about it that see it as gambling or a risk to do. Both of these expectations come from what they see from the outside, yet when we get into the actual facts, things are very different in reality than they are in their expectations. We are going to be looking at some of the differences between the realities and expectations of trading.

Is There Such A Thing As Risk-Free Forex Trading?

Risks are the first thing to consider by anyone who wants to undertake a role as a trader/ investor. The risks of losing money...

The Best Place to Learn Forex Trading

Last May I visited New York just for fun but out of nowhere, I met a guy who is a professional Forex trader. The guy has slightly over ten years of a carrier in trading and we had a very enthusiastic conversation, together with his friend trader, about how to chose the right path to educate yourself about this type of trading. So, the question is, what is the best source to learn Forex trading?

A Summary of Trading For A Living by Dr. Alexander Elder

Trading For A Living is an excellent read for those who wish to learn about the many aspects of the trading world. The book was written by Dr. Alexander Elder and published initially in 1993, with a new version in 2014 (translated into Spanish in 2017). What follows is a summary of this work for those who are interested in learning more about trading. 

Weird Hobbies That’ll Make You Better at Forex

There are things that we do in our everyday lives that can actually make us better at trading. Some of them may be related,...

The Beginner Trader’s ABC’s of Forex Trading

Is it really possible to make money in the financial markets? It absolutely is. With that being said, you must know what steps to...

The Best and Worst Days of the Week to Trade Forex

All forex traders have a different amount of time to dedicate to trading. Some of us may only get online a few times a...

How to Correctly Deal With Forex Losses

For most traders, the toughest aspect of trading in Forex is dealing with financial losses. It’s not just a matter of pain and anguish,...

Warning: These Mistakes Will Completely Destroy Your Forex Profits!

Let’s imagine that we have been trading for a while for a few months or a year, we are profitable, we are on a...

The Seven Deadly Sins of the Forex Trader

Most of us have heard of the biblical seven deadly sins, but few know about the seven deadly sins of Forex. Part of achieving...

Struggling With Forex? Read These Quotes Today…

Today we bring you a small collection of famous phrases of traders and personalities that with their words have helped us to improve, we...

How to Recover From a Blown Trading Account

The worst-case scenario for the many traders is a blown account, this is where your broker has decided to close all of your trades...

Top 5 Things You’re Forgetting to Do While Trading Forex

Forex trading is a massive beast, there is so much involved in it, you will be forgiven if you were to forget something. In...

Forex VIP Trading Accounts Explained

A VIP account is a type of trading account that is offered by many forex brokers. If you’ve heard of them, you might already...

Pitfalls that New Traders Need to Avoid

We have all been a new trader at some point in our lives or at least considering becoming one. We have seen all of...

ECN Account or Standard Account: Which is Best?

One of the most basic questions regarding trade is what kind of broker to use. The conclusion will depend on your situation, but let’s...

Should You Trade Forex Completely Alone?

When you see traders in the movies, they are either portrayed as one of two things, a single person sat in their bedroom or...

Is Forex Really Just a Game of Probabilities?

Many things in life are all about probabilities, forex is no different. The most well-known game of chance is the simple coin flip, it...

What Are the Best Soft Skills for a Forex Trader Develop?

Soft skills enhance our abilities to adapt to our work environment and enable a smooth exchange of information or services. While traders are not...

What We Can Learn from Billionaire Trading Legend George Soros

If you want to get really good at something, it helps to take a few tips from the professionals. In this case, we’re looking...

Realistic Forex Trading Goals for Beginners

It's important for traders to set goals in order to gain a sense of accomplishment and to know that they're on the right path....