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 Does a FX Trader Really Need to Focus On to...

What factors do you assume to be the most impactful in the world of forex trading? Should traders focus on the technical tools more intensely than on their traits? Does one’s personality have a determining role in the development of a trading account? How do we measure our growth and what attitude is necessary to facilitate progress in the forex market? Along with these questions, today we will be discussing all areas traders need to focus on to be able to trade successfully.

Tips for Choosing a Forex Account Type

If you’re looking for a Forex broker, you may have noticed that there are multiple account options out there. Some brokers may stick with Standard/Classic accounts, while others may offer these in addition to Mini/Micro/Cent accounts, Premium accounts, VIP accounts, or even tier-based accounts (Silver, Gold, Platinum, etc.). The exact names may differ, but most accounts fall into one of three categories: Mini/Micro/Cent, intermediate (Standard, Silver, etc.), and VIP/Premium accounts. 

Here’s How to Take the Stress Out of Forex Trading

Forex trading can be undeniably stressful at times, especially when the market becomes volatile or if you find yourself on the end of a...

How Long Does It Take To Learn To Trade Forex?

It’s an interesting question, how long does it take to learn to trade? The fact of the matter is that there is not a...

Forex Books Recommended by Professional Swing Traders

Everyone who ever desired to become successful trading in the forex market understood how relevant getting proper education is. At times, we may watch...

Top 10 Things I Wish I’d Known Earlier About Forex

Hindsight is a fantastic thing for those of us that have been trading for a long time. We made a lot of mistakes or...

Forex Trade Journaling Do’s and Don’ts

When we try to get better, we learn. Learning is a process where we consume relevant information and use it for our goal. Forex...

Do You Really Need VPS Service to Trade Forex?

VPS (Virtual Private Server) offers multiple uses for businesses or any user that needs to access their accounts remotely. In the world of Forex...

The Importance of Remaining Flexible While Trading Forex

Don’t you hate it when you are trying to get something done but need a bit of help, so you ask your colleague for...

Questions in Forex Trading: The Good and the Bad

People often wonder how successful traders get such good results doing forex and what they discover is often not quite satisfactory. Browsing through available...

What Are Islamic Trading Accounts?

In general trading in Islam is often considered as haram. However, it is still possible to trade through something called an Islamic account, which...

Let Profit Trade Run

There is a saying in the financial market, “Cut your losses short and let your profit run.” Letting the profit trade run is not as easy as it sounds. Traders

Tips for Increasing Your Forex Productivity

Forex trading can take a long time. In fact, in order to place a single trade, it could take you up to a few...

Staying in the Zone While Trading

When you get into the zone it is a fantastic feeling, everything seems to work and you have 100% of your focus on the...

Tell-Tale Signs You Need to Get a New Forex Broker

Are you here because your forex broker hasn’t been meeting your expectations lately? If so, then you don’t have to settle. New brokers open their doors every single day and hundreds of options have probably popped up since you first signed up for that old trading account. Finding a new broker can offer multiple benefits, from reduced fees to a wider selection of trading instruments, the chance to make extra money through bonuses, and more. If you’re seriously considering switching, then take a look at our list of tell-tale signs that you need to find a new forex broker.

Using Trailing Stop: An Art to Be Learned by Traders

Using a trailing stop is a way to lock a profit in trading, at least with some profit. A floating profit trade may not always hit its Take-Profit level. Thus

What I Wish I Knew About Forex Trading A Year Ago

One thing that we can all be sure about, hindsight is a fantastic thing. It allows us to look back at what we have...

Need to Know Forex Terminology

Forex traders need to understand certain terms to fully comprehend trading articles, other educational information, and to know exactly what is going on from...

How Too Much Information Can Destroy Your Trades

It may seem a strange question, but people have asked this before: "Will too much information ruin your trades?" While it might be somewhat...

Reasons Why Forex Traders Often Lose Trades

It has been said time and time again that the majority of people that decide to trade i'll lose, the chances of becoming a successful trader are stacked against you but it is certainly possible. Having said that, even the most successful traders make some trades that end up with a loss. This is simply a part of trading, even good trades can lose, but what we will be looking at today is some of the reasons why people end up making bad trades that lose. There can be many reasons for it, some are user error and some are based around the markets. So let's take a look at some of the reasons why some people lose their trades.

7 Horrible Mistakes You’re Making With Forex Trading

If we are going to be completely honest, we all make mistakes and when it comes to trading, we have made many, and we are sure that you have too. Some of them are not too bad, some of them though, are pretty horrible and have thrown off our trading quite a bit. If you look back, we are sure that there are some mistakes that you have made in the past, especially when just starting out that you are most likely not too proud of. We are going to be looking at some of the horrible mistakes that we have made and that other trades have made during their forex trading careers.

Forex Trading: Expectations vs. Reality – Part One

When you tell someone about trading and forex, what do you tell people? Most likely you are telling them all the best things about trading, these good reasons are the reason why you trade in the first place after all. These stories that you are telling other people are what is creating an expectation in them of what trading and forex actually are. If you look anywhere on the internet, there will be people talking about forex and how much you can make, how easy it is, and how life-changing it is, very rarely do you hear horror stories or the opposite feelings. This creates a certain expectation from people outside of the trading circle, expectations that do not really match up to the reality of what trading is and what it involves. We are going to be looking at what some of the realities are when compared to the expectations that a lot of people have and seeing whether the general expectation is right, or if reality is completely different.

Supply, Demand and Liquidity as Drivers of Prices

Markets are "places" where people and institutions exchange assets. It may be stock shares, commodities, grain, livestock, or currencies, but all markets behave similarly. Buyers and sellers look for the

Even More Frequently Asked Forex Trading Questions Answered!

Our previous question and answer article was so popular that we decided to add another round! What follows are some of the most popular...

Things That Successful Forex Traders Would NEVER Say

We see all sorts of advice printed all over the internet about what successful traders do and what new traders do. With there being...

Tips for Limiting Distractions While Trading at Home

Working from home is one of the perks to becoming a forex trader, along with the chance to be your own boss, setting your...

Top 15 Undeniable Reasons to Love Forex Trading

When it comes to trading, there are a lot of things that we love about it, we would not be trading if we didn't...

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?

Ask Yourself These Questions if You’re Not Profiting from Forex

All forex traders want to make money, but this is easier said than done. There are a lot of problems you could run into...

The Best Forex Deposit Bonuses in 2020

Several different brokers offer deposit bonuses to clients as an incentive to open and fund a trading account through their company. This isn’t something...

Tips for Improving Your Forex Trading Skills

More often than not, when someone begins trading they are looking at a single aspect of it, they are setting their strategy up to work with what they are comfortable and for a lot, this is what they will be sticking with for the majority of your trading career. While it is certainly not a bad thing if you have something that works, in fact, that is what a lot of traders are aiming for. It can however potentially stifle your potential, it can hold you back from doing other things that could be just as profitable if not more.

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...

These Mistakes Will Keep You From Succeeding at Forex

Mistakes happen, we all do them and we make mistakes when we do pretty much anything in life, even things that we have been doing for years and years. So it is obvious that we will also make mistakes when it comes to our trading, that is always going to happen, what is important though is how we earn from them and how we develop after making those mistakes. Some are pretty minor and don't have a huge effect, some may even benefit us if we are lucky, but some mistakes will hold us back, they will prevent us from being successful and profitable and if we continue to make them, we will consistently lose out and won't be able to become a successful trader. It is those mistakes that we will be looking at in this article, mistakes that many traders do that can hold their forex trading success back.

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...

The Lazy Way to Trade Forex

Let’s be honest, if we could, the majority of us would do everything the lazy way. Why put in the effort and time if...

What is the Number One Forex Trading Mistake?

Are you eager to become a successful forex trader? Many people read stories about successful traders online and begin to daydream about quitting their...

The Correct Way to View and Approach Forex Risk

If you’re looking for an extra way to make money in your spare time, chances are that you’ve probably stumbled upon the subject of...

Forex or Crypto Trading: Which is More Profitable?

Forex and Cryptocurrency markets are very popular. With both traders trade looking to profit from this, but in itself which market is the most profitable? While cryptocurrency is growing, it is quite volatile, even more than the Forex market which makes many wonder which option is the most profitable.

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...

Are You Forcing Your Forex Trades?

While trading, you've most likely come across a stage in time when there is not a lot of thing happening, in fact, nothing is...

Avoid These 5 Trading Mistakes Like the Plague!

Mistakes are simply a part of life. Even so, there are times when mistakes can be completed avoided through information and education. Allow us...

Top 10 Errors Made By Forex Newbies

In this article, we present 10 errors of the beginner trader that are repeated more frequently. These mistakes are actually made by any trader,...

Trader’s Guide to Islamic Trading Accounts

An Islamic account or swap-free account is a special type of trading account that is offered by some forex brokers. These accounts were created...

Forex Trader’s Guide to Broker Deposits & Withdrawals

We’ve compiled this handy guide to give traders more insight into the most common funding methods available with brokers today: bank wire transfer, cards,...

The Importance of Keeping a Trading Journal

A trading journal is essentially a log of all of one’s trading activity, which is used by traders of all different skill levels to...

Reasons Why Your Forex Losses Might Actually Be A Blessing

Out in the real world, telling someone that your losses are a blessing might get you a few funny looks. However, in many walks...

Professional Technical Trader’s Guide to Increasing Your Odds

General guides on trading outline what you need to have if you want to have a career but will not solve problems every trader...

Exploring the Psychological Differences Between Demo and Live Accounts

Opening a demo account is an important first step to becoming a trader, as it allows one to practice trading in a simulated environment...

Is it Possible to Trade Forex on Sundays?

If you’re new to forex trading, you may be eager to trade as much as possible, or perhaps you’re trying to figure out a...

How to Start Trading Forex for Free

Stumbling upon an article or piece of information about forex trading can be exciting, if not mysterious at first. People ask a lot of...