Achievable End Of Year Target For Newbies

Achievable End Of Year Target For Newbies The achievable end of year profit target is analyzed in this article for new traders. Money management is one of the critical areas in Forex Trading that beginners should look seriously at when starting a trading career. Factors such as selection of the […]

How To Setup A Demo Trading Account – Strictly For Beginners!

How To Setup A Demo Account Recently, many people have asked me toย teach them how to trade in the Forex market. However, one cannot trade Forex without having a forex trading account: which can either be a demo (demonstration) account or live/real account. This article will show you images of […]

Introducing The Beandicator Signal!

Beandicator Signal The Beandicator Signal is a combination of signalsย from five Meta Traderย indicators. The indicators are Stochastic Oscillator, Accelerator Oscillator, Awesome Oscillator, MACD, and Average Directional Movement Index. The above indicators signal are combined with the position of currency pair price to the 50 simple moving average.     Check […]

ELLIOTT WAVE PRINCIPLE

Elliott Wave Principle The Elliott wave principle, was discovered by Ralph Nelson Elliott and it is a technical analysis tool of Forex price movement that is based on sentiment of market participants. The Elliott wave principle works perfectly with price trends with respect to highs and lows of price, resistance, […]

Price Interest Point (Pip): Price Measurement

The Pip Measurement A pip is the standardized unit amount of price movement or change in the rate of a currency pair in forex trading. It measures price movement just like weight is measured in gram or kilogram. It is generally used by Forex Traders to reference profit or loss. […]

Bollinger Bands and Scalping Strategy

Bollinger Bands (technical analysis tools) are created by John Bollinger and used to measure market volatility (sometimes used for scalping strategy) because they adjust to market conditions. Traders use the bands to confirm trends, market range top, and bottom. Bollinger bands can confirm the range of price action and they […]

Scalping Strategy

Scalping Strategy Scalping is a trading method that involves analyzing and forecasting price movements in order to place profitable short trades. The aim is to make small profits within few seconds or minutes at any session within a trading day. Scalping is risky. Some trading systems may not be appropriate […]

Margin in Forex Trading Explained

What is Margin? Margin trading in forex is trading with a loan borrowed (short-term loan) from a broker to control large positions on a currency pair. A margin is the amount of money a broker will put aside to keep investorโ€™s trading position(s) open. However, it simply magnifies the amount […]

Forex Hedge Explained

What is Forex Hedge? Hedging is when a trade is placed by a forex trader to protect an existing or losing trade. It is carried out in forex trading to protect one’s position from a sudden currency price move in the forex market. Hedging involves, placing both long and short […]

Leverage in Forex Trading Explained

What is Leverage? Leverage is when a trader has the ability to use a small capital to execute a large volume of trades in the forex market. Leverage is the ratio of the trade size compared to the capital invested. For example, a leverage of ratio 50:1 means $200 of […]