When you execute a Forex trade, you are purchasing an amount of currency called “a lot”. The amount of currency in 1 lot depends upon the type of account you have. In a standard account, 1 lot is usually equal to U.S. $100,000. In a mini account 1 lot is $10,000. Forex trading accounts are leveraged, which means you don’t…
For new Forex traders, sometimes it can take a while before you feel comfortable placing real trades, with real money on the line. Make sure that you understand the markets, how to trade the markets, and have a strategy in place, before invest real money. 3 Important Rules To Successful Forex Trading: 1. Key Principles To minimize losses early on,…
When you execute a Forex trade, you are purchasing an amount of currency, termed a lot. The amount of currency in 1 lot depends upon the type of account you have. In a standard account, 1 lot is usually equal to U.S. $100,000. In a mini account 1 lot is $10,000. But Forex trading accounts are leveraged, which means you…
If you’re looking for a smart, new way of investing your money, look no further than FOREX! Many individuals have turned to FOREX to replace their stock activities and to supplement their income. When done correctly, you can see a big return on your investment. What is FOREX? FOREX is short for foreign exchange. The best way to understand FOREX…
The Forex The Forex is the abbreviated name for the Foreign Exchange Market. In the United States, there are several branches of the stock market, each with their own name. For instance, some stocks trade on the Dow Jones, others on Nasdaq. Of course, all stock market transactions in the United States take place on the New York Stock Exchange.…
Forex Technical Trading Explained: Just as you would expect with anyone trading in equities, investors in the Forex market employ strategies to help them invest more successfully. All of these strategies ultimately boil down to one thing, which is trying to predict which way the currency exchange rates will fluctuate. Predict correctly, up or down, and make a profit while…
Most Forex market traders are self-taught/self/trained. The traders who win are those that are capable of executing their trading plans with discipline, and they are either comfortable with the volatility of the currency markets, or they have trained themselves to be able to deal with it. The theory is, if you can identify volatile movements, even if they are small,…
The overall success of the FOREX market is made possible because of the use of margin. Without it, the average investor would not be able to participate in FOREX at all. So what is margin exactly? 1. Margin In order to trade on a margin, you must set up a margin account. With a relatively small deposit you can start…