Choosing the right lot size for Forex Trading

Lot Size in Forex Many amateur traders are unable to manage their risk properly especially when they select the wrong lot size for their Forex trades. One of the reasons why a new trader will lose a great percentage of the trading capital is because of the wrong choice of […]

Fundamental Analysis in Forex Trading

Fundamental Analysis Fundamental Analysis is a very important tool that professional traders use in Forex trading. It is the careful study of the economic, political, fiscal and social factors that affect the value of the currency of a country. However, the general economic outlook of the country related to the currency […]

The Bull and the Bear Markets: Market Sentiments

Bull and Bear Markets The bull market is a market where traders buy a currency against another while the bear market is where traders sell a currency against another currency. A market price that is going up can be described as a bullish market while the price that is falling […]

The Market Price: Forex Currency Price

The Market Never Stops The market price is dynamic. It never stops (except when the market is closed). Price quote for currency pairs display in the form of a two-way quote. We have the bid price and the ask price. However, the bid price is the amount that traders will […]

Do’s and Don’ts of Forex Trading

Rules that Guide Traders There are rules to forex trading that must be strictly adhered to if one is to be a successful trader and these are; -View Forex trading as a business: Don’t see forex trading as a game, betting or gamble. See it as a skilled business that […]

Money Management in Forex Trading

Money Management Money Management is a major problem for new traders. It is an important factor that separates a professional trader from an amateur. However, in Forex trading, Money Management is the process of assessing the level of exposure to risk and it also helps to quantify risk. In Forex […]

The MetaTrader Platform: Forex Traders’ Office

The MetaTrader Platform MetaTrader (MT) is the application or platform that most traders use when trading in the Forex market. Traders normally obtain MT login details after signing up with a Forex Broker. Basically, traders usually download the application online or from a broker’s website. However, we have MT4 and […]

Recommended Forex News Websites

Forex News A forex trader needs a forex website where he or she can check for forex news, updates, tools, and analysis. Forex websites are regularly checked for updates that that guides traders with Fundamental analysis. Basically, a forex website must be able to give online real-time updates on market data, […]

Risk Management in Forex Trading

Risk Exist Everywhere There is a level of risk in any business. Level of risk differs from one business to another. You should understand that there is risk involved in Forex trading. It is advisable that you acquire enough experience before you start to trade with real money. Engaging in […]

Recommended FX and VIX Brokers: Deriv, Exness, Alpari and Forextime

Recommended Forex Brokers Basically, to trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. However, their services include tight spread, number of currencies traded, partnership features and so on. For the […]