The Bull and the Bear Markets: Market Sentiments

On By beanfxtrader

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

On By beanfxtrader

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

On By beanfxtrader

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

On By beanfxtrader

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 […]