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.

The Two Types of Financial Independence (Likeable and Unlikable)

There is a very wide concept of Financial Independence that I don’t like, and it would be more or less this: An investor reads...

A Winner is Not Always a Good Trade

Price action traders use chart combinations such as Weekly-Daily, Daily-H4, H4-H1, and H1-15M, etc. Intraday minor charts’ traders such as the H1, 15M, 5M do not have an undeviating relation

Forex Demo Account Vs. Live Account: Similarities and Differences

Forex brokers usually offer two main types of trading accounts: demo and live accounts. Although the accounts are very similar in some respects, there are also a few key differences that traders need to recognize. We will start by outlining what qualifies an account as being live or a demo. 

How Many Times Per Day Do Professional Traders Trade?

The forex trading industry is known for 24-hour market access, flexible hours, and many other benefits, but many people avoid trading because they assume...

Comparing Popular Forex, Crypto and Penny Stocks Trading Methods

From podcasts to blog posts, we are constantly exposed to countless pieces of information. Everyone is nowadays sharing their opinions on the best investment...

Can We Still Be Successful with Bad Tools?

Everybody has a different opinion on how forex works and how exactly we should trade. There will always be some group of people that...

You Need to Know These True Pros and Cons of Trading...

If you’ve ever considered becoming a forex trader, you have undoubtedly wondered if it would be a lucrative investment. Forex trading has helped many...

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...

The Truth About Why You’re Failing at Forex

There are a lot of traders out there. A lot of them are experienced and a lot of them are completely new. The one...

What You Need to Know to Succeed as a Forex Trader

Forex traders spend a great deal of time educating themselves before they are truly ready to begin trading. However, its easy to miss out...

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...

Home-Based Forex Trading: Pros & Cons

Becoming a forex trader that works from home sounds like a dream job when you hear some successful traders talk about the benefits, while...

Is Forex Taking Over Your Life? Here Are the Warning Signs…

We all have a different amount of time to dedicate to trading. Some of us might struggle to find the time because we’re juggling...

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....

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...

Why Consistency is Important for Forex Traders

Many successful forex traders will tell you that consistency is key when it comes to a profitable trading strategy. If you want to bring...

Why We Love Forex Trading (And Think You Should, Too!)

Forex and trading are becoming an ever-popular activity. For many, it is just about making a little extra money on the side, while for...

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...

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....

Forex Ponzi Schemes To Be On the Look Out For

You have probably heard about Ponzi schemes or at least the fact that a lot of people have lost a lot of money to...

Follow Top Trader Advice When Getting Started in Forex

Starting the forex journey has a reason, so you first need to know what you want out of trading once you are familiar with the basics. It is not always about the money, some people like the thrill of trading, however, if you want to have some income out of forex forget about getting emotional. The great thing about forex trading is that it is very flexible for you. You can shape trading how you like it, trade only 10 minutes a day, explore an incredible array of methods possible, and use your knowledge how you see fit.

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...

Five Great Habits for Beginner Traders to Practice

Like with anything we do, traders can choose to practice good habits that help improve their results, or they can succumb to bad habits...

Which Assets to Trade During a Recession

When speaking about a recession, investing might not be the first activity that comes to mind, however, during these testing times, investors and traders...

Trading Expectations That You Should Avoid

When you set out onto your forex and trading journey, you would have most likely set yourself a number of different expectations, either from...

Why You Should Focus on Improving Your Trading Skills

Well, understandably, there are quite a few practical benefits you get from polishing your skills in trading:

Similarities Between Trading and Standard Betting

Most of the time, when I explain to people what my way of life is, they think that the forex trading I do every...

Good Habits for a New Forex Traders

Being new to Forex can be exciting, there is this whole new world out there of financial markets that you know in the back of your head can make you rich, but it's all very complicated. We have come up with some habits that it would be good to get into as a newcomer to trading, they may not work for everyone, but even incorporating one new habit into your trading, can make a world of difference.

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...

Forex Mini (and Micro) Trading Accounts Explained

Many forex brokers offer multiple types of trading accounts so that they can cater to the needs of different kinds of clients. For example,...

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...

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,...

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...

The Most Common Complaints About Forex, and Why They’re Completely Bunk

There are a lot of complaints when it comes to forex trading, and we mean a lot. Many of them are completely legitimate while...

Is Forex Trading Actually Profitable?

You probably know that most retail Forex traders lose money. In this article, we examine the statistics reported by Forex brokers on the profitability...

Give Me 10 Minutes and I’ll Tell You Four Startling Forex...

Forex trading has become more popular recently as more people ditch their desk jobs to become full-time professional traders from the comfort of their...

Is Forex Trading Easy Or Difficult To Master?

So you want to be a forex trader? Before you start, you may have already come up with an idea of what it is...

Where to Direct Your Focus During a Losing Streak

People do not like to think about losses, the problem with that is that losses are a major part of trading, they will happen....

Characteristics of a Successful Forex Trader

The trading plans, strategies, and goals of successful traders can differ widely, but those that are considered successful do share some important characteristics that...

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.

Why Doesn’t Traditional Math Apply to FX Trading?

Why is it that empiricism and mathematics work so well to build bridges or put satellites into orbit, but when applied to investing or...

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...

The Most Difficult Parts of Forex Trading (and How You Can...

Forex trading is hard. Anyone says otherwise either got incredibly lucky or had the work done for them. Here, we're going to take a...

Starting to Live On Your Forex Income

It is very common for traders to dream of obtaining financial freedom through online Forex trading. No more boring jobs, no more bosses, no...

How to Successfully Trade Forex Part-Time

Forex trading can be a lucrative investment with knowledge and dedication, however, it’s no secret that you actually have to invest time into learning...

Losing Trades: What They Have to Teach You

You have probably heard it before, a losing trade is the best teacher, but what does this actually mean and who does it apply...

FX Trading Skills That Are Used In Everyday Life

While Forex and trading there ultimately make money, and that is, of course, a huge benefit of it, there are a few other things...

Top 8 Secrets That Successful Forex Traders Won’t Ever Tell You

If you want to get the same results as a professional forex trader, you have to behave like one. Unfortunately, there’s a lot of...

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,...

Is Forex Trading Legal In South Africa?

If you were to go through any of the major social media platforms and look for things related to Forex, you will most likely...