Forex Basics

Home Beginners Forex Education Forex Basics
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.

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...

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...

Top 3 Steps to Take Before Trading Forex

Starting your journey as a forex trader may seem rather daunting at first. You’ll probably ask yourself where you should even begin, what you...

10 Rules and Principles for Forex Traders

In life, we all have to follow rules whether we like it or not. In the realm of Forex, there are several rules which if followed, can actually help you to become a more disciplined, profitable trader. Consider the following ten Forex related rules and core principles, as they can help you on your journey to becoming the best trader that you can possibly be.

Trading Problems that Will Cut into Your Profits

As a forex trader, there’s a lot to know when it comes to making money… and avoiding the loss of money. Psychological problems, technical...

Useful Tips for Part-Time Forex Traders

One of the biggest benefits of becoming a forex trader is flexible hours, which make it possible to trade part-time while working a full-time...

How to Choose the Best Trading Account

There are a lot of different types of forex trading accounts to choose from. Many brokers have taken to offering multiple accounts with different...

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...

7 Things that Successful Forex Traders Don’t Do

We often hear about the habits of successful Forex traders and study what these individuals do on a daily basis. Have you ever wondered...

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...

Are You Fully Prepared for Full-Time Trading?

Something that a lot of new and experienced traders aim for is to be able to trade full time, to be able to get...

Signs that you Need to Ditch your Current Trading Strategy

Think back to the beginning of your trading career: did you adopt a trading strategy that was promoted by others, or did you create...

Forex Bonus Types and Scam Avoidance

When choosing a Forex broker, we look at many different aspects of their services, including available account types, deposit requirements, fees, and so on....

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...

Economic Calendars and Forex Trading

An economic calendar keeps track of important news events and announcements that could affect the movement of a specific asset or the market as...

Best Books for Beginner-Level Forex Traders

Once you decide to gain an education in trading forex, the task can become overwhelming, as there is a lot of information out there....

What Is a Recotization in Forex?

When you are trading in Forex, you will come across the term "recotization" sooner or later. While it’s not that common, it can happen...

The Importance of Having a Solid Trading Routine

It is no secret that good habits are very important to most aspects of our lives. People with good dental hygiene habits have fewer...

What is Slippage in Forex Trading?

When you start trading with Forex, you’re flooded with a lot of new terms. One of those you will surely encounter is what is...

Activities That Can Help You Be a Better Trader

Trading can be a long process, it can be draining and it can also be unforgiving. Sitting at a computer for hours on end...

Can You Start Trading Forex With Only $200?

Can you really start to trade Forex with as little as $200? Let's take the short and sweet answer here, yes you can. Many...

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...

Helpful Habits For Forex Newbies

Many new traders come into it not really knowing much about it, they have often seen or heard something about it, something that is...

Can You Make A Living By Forex Trading?

Can you earn a living from Forex trading? The short answer is, of course, yes, the forex markets offer fantastic opportunities with its high...

The Golden Rules of Forex Trading

If we look around the internet we will see a lot of different tips and hints being thrown around, some are pretty good, while...

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...

As a Forex Trader, Get Used To Being Wrong

Trading is a game of probabilities, ultimately you will either get something right or you will get something wrong, when we look for trading...

10 Steps To Starting to Trade Forex

Forex trading is complex, there's no doubt about it. However, it is an absolutely fantastic opportunity to get yourself some financial freedom to get...

Achieving a Livable Trade-Life Balance

You often hear the phrase “maintaining a work-life balance” being thrown around by those that have a normal full-time job, or even two jobs....

Common Problems (and Solutions) For New Traders

The forex markets are complicated, there is a lot of information that is constantly changing, being able to keep up is a challenge, especially...

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...

How to Rejoin the World of Forex Trading

Starting again with anything in life can be a bit of a challenge, after all, how can you start from fresh when you already have some knowledge and have most likely already built up some biases within the markets and for certain trading strategies. It can be difficult, no doubt about that, it will take a lot of work too, do you remember how much reading you needed to do, how many websites you had to visit to get the knowledge that you currently have, well we will be doing that all over again.

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...

Different Forms of Forex Trading Scams

When it comes to money, the one thing you can be certain of is the fact that there will be some trying to take...

Finding Your Personal Trading Style

An important part of trading and learning to trade is being able to find your own trading style. If you do not and instead...

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...

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.

Non-Trading Activities That Can Help Your Trading

Many people think that in order to improve on your trading you need to be sitting in front of your computer, reading and analyzing. While this is true to an extent, it can also be the source of stagnation and failure to actually improve any further, this can be for a number of different reasons including burning out, not having a clear mind, and being influenced by things you have previously read.

Not Earning Enough from Forex? Consider This…

Not every trader will be profitable to begin with, in fact not all traders will be profitable at all, the majority will lose, this...

Setting Up Your Trading Environment

As with any job in life, the place that you are going to be working, or in this scenario, the place where you are...

Learn to Trade Forex Based On Your Strengths

When it comes to Forex and trading, there is a lot to learn. In fact, there is so much that not one person will...

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.

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...

A Quick Introduction to Forex Trading

Forex trading has a lot of appeal – you get to work from home, set your own hours, and be your own boss. There’s...

How to Become a Successful Forex Trader

Becoming a successful Forex trader is a great goal to have, although the intimidation of learning the ropes and investing real money into a...

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...

Guide to Developing a Forex Trading Plan

If you're going to be a successful forex trader, you'll need a trading plan. Trading plans are notoriously helpful because they help traders to...

Methods of Change: Becoming a Better Trader

It is not uncommon to talk to traders to only realise that they have been set in their eyes, they have developed a number...

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...

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...