Category Archives: Beginners

Unlocking Forex Chart Secrets: Your Trading Education, Part 2

Written on September 12, 2023 at 8:28 am, by

Read Part 1 of this article to learn about the purpose of charts in Forex trading, different chart types, and how to use line charts. Bar Charts (OHLC)  OHLC stands for Open, High, Low, and Close. Bar charts are a widely used type of Forex chart that display these four key price points for eachContinue Reading

Exploring Forex Chart Types: A Trader’s Perspective, Part 1

Written on September 7, 2023 at 1:31 pm, by

Picture this: you’re standing on the bustling floor of a stock exchange, surrounded by traders frantically waving their arms, shouting buy and sell orders. The numbers on the screens are changing rapidly, and the stakes are high.  In the world of Forex trading, you may not be physically present on a trading floor, but youContinue Reading

Golden Cross, Death Cross: How to Use Simple Moving Averages in Forex Trading 

Written on September 4, 2023 at 6:38 am, by

Imagine you’re planning a road trip across the country. To make the journey smoother and safer, you rely on your GPS. This trusty device provides you with a simple yet powerful tool – the estimated time of arrival (ETA).  Now, think of Forex trading as a similar journey filled with twists and turns, where yourContinue Reading

The Emotional Edge in Forex Trading: Sentiment Analysis Strategies

Written on September 4, 2023 at 6:00 am, by

Imagine standing amidst a sea of people at a grand concert. The electrifying music pulses through the air, and you can feel the excitement building with every beat.  As the artist hits a high note, the crowd erupts in cheers, and an aura of euphoria envelops the arena. Now, think about what happens if theContinue Reading

Unveiling the Power of Technical Analysis: A Forex Trader’s Strategic Edge

Written on August 8, 2023 at 12:36 pm, by

In ancient Japan, there was a brilliant rice trader named Munehisa Homma. He had a unique talent for predicting future price movements in the rice markets. How did he do it? Well, he closely observed market prices and studied the emotions of fear and greed among traders. This keen observation led him to create somethingContinue Reading

Margin Forex Trading: How to Harness Leverage for Financial Growth

Written on July 31, 2023 at 6:25 am, by

Imagine you have $1,000 and want to invest in the foreign exchange market, commonly known as Forex. Traditionally, your $1,000 would only allow you to control a small trade size. However, with margin trading, you can now control a much larger position, say $100,000, with just a fraction of your own money. This means thatContinue Reading

A Comprehensive Guide to Fundamental Analysis in Forex Trading

Written on July 24, 2023 at 1:33 pm, by

Let’s say you are a Forex trader who is interested in trading the EUR/USD currency pair. You know that the European Central Bank (ECB) is scheduled to announce its interest rate decision tomorrow. The ECB’s interest rate decision is a major event that can have a significant impact on the value of the euro.  UsingContinue Reading

Calculating Pips with Confidence: A Practical Guide for Forex Traders

Written on July 18, 2023 at 10:05 am, by

Imagine you’re at a bustling street market in a foreign country, excited to exchange your currency for the local one. As you approach the currency exchange booth, you notice that the exchange rates are constantly changing.  Every time you see the rates fluctuate, even by the tiniest amount, it affects the amount of money you’llContinue Reading

When to Trade Forex: Is there a best time?

Written on May 12, 2023 at 8:34 am, by

Forex trading is a global market that operates 24 hours a day. And it is important to know the best times to trade in order to maximise your profits.  The Forex market can be divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session.   TheContinue Reading

How to Trade Forex: A begginer’s Guide

Written on May 11, 2023 at 11:58 am, by

There are several ways to trade Forex, and each method has its own advantages and disadvantages.   The most popular financial instruments used in Forex trading include retail Forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), Forex CFDs, and Forex spread betting.  Retail Forex is a way for individuals to participate inContinue Reading