Forex

Tips on how to make money trading the Forex Market

Image of the Forrex Market

4 Lies You’ve Been Told About Trading The Financial Market

You’ve heard of trading rules like… “Buy low sell high” “Do not average into your losers” “Focus on a few markets instead of everything” “Do not catch a falling knife” And you probably think they are important trading rules, eh? Nope. Here’s why… Buy low sell high You can make money buying low and selling high. But don’t forget, you can also buy...

Image Showing Questions and Answers

Top 5 Questions About Forex Trading

In this article, you will get the answers to the top 5 question about Currency, Forex, FX Market(the largest financial market in the world). Let the questions start rolling below: 1. How Does the Forex Market Differ from other Markets? Unlike stocks, futures or options, currency trading does not take place on a regulated exchange....

Image of the Forrex Market

What is a Forex Pip and Pip Value?

According to Investopedia, a pip(short for point in percentage) is a very small measure of change in a currency pair in the forex market. It is a standardized unit and is the smallest amount by which a currency quote can change. A pip is usually $0.0001 for U.S.-dollar related currency pairs. In this article, Base...

Tradingview: Understand the 7 Basic Chart Sections and Features

The video above explains how to navigate and use Tradingview.com, a popular social media platform for Traders, Investors and Technical Analyst. Below are the basic sections and features of Tradingview discussed in the video: The Chart: This section displays the chart, which is a graphical representation of what's happening in any particular market. It's usually...

How To Draw Your Support And Resistant Lines In Any Given Chart

This video explains in detail how to draw your support and resistant lines in any given chart. To those who don't know what support and resistant lines means in charting. They're simply historical levels drawn on a chart to determine what's most likely to happen next, in the price movement of a trading pair or...

cryptocurrency vs forex

Cryptocurrency trading and Forex: The thin line difference

Background Forces/Technology Cryptocurrency is a decentralized digital money, independent of any government or institution built on the blockchain, while the major players in the forex market are central and commercial banks. The Blockchain is a transparent technology on which most digital currencies are built on. It is devoid of government and centralized interference. This technology is...

How to Successfully Use Stop Orders to Reduce Loss while Trading

According to Stocktrader.com, stop orders work like insurance so that in case the trade goes sour for whatever reasons the investor will have his or her position automatically sold for a loss. Using stop loss is the most effective way to manage risk. It's like having a car or a house  with a fire extinguisher....