Discover the amazing advantages the classic MT4 trading platform has to offer traders just like you!
After failing to reach an agreement with investors, the Thomas Cook Group, UK’s renowned travel agency has ceased operations this Monday, September 23, 2019.
CFDs (Contracts for difference) are financial derivatives that derive their value on an underlying instrument. While you can profit by exchanging one currency for another, retail forex traders prefer using currency contracts for the purposes of speculation.
The forex market or foreign exchange market is one of the most popular and liquid financial markets in the world. Trading forex can prove to be a challenge, however, if you follow the steps outlined here, you will have a much easier time discovering how everything works and why.
Forex news can have a significant albeit short-term impact on currency exchange rates. If the news is unexpected or doesn’t confirm the market’s sentiment, you are likely going to notice sharp spikes and increased volatility as liquidity dries down.
Forex trading is an exciting investment opportunity with limitless opportunities for traders. However, the markets are quite volatile throughout the year and beginners need to stick to the fundamentals otherwise they will end up failing again and again.
There are different strategies that forex traders can employ to maximize their trading profits and day-trading is arguably the most popular. This strategy mainly focuses on intraday movements as traders aim to hold short-term positions in order to avoid paying overnight trade fees or swaps.
If you want to improve your skills or familiarize yourself with the trading platform’s ins and outs, it’s best that you first sign up for a demo account. A demo account serves as a trading sandbox that mirrors the real market but allows you to trade with virtual money and no risk whatsoever.
Regardless of your trading approach and whether you are mainly a fundamental or technical trader, you need to learn how to read a trading chart and a few key aspects of price action. Taking the time to learn the basics will provide a solid foundation for your success in trading the financial markets.
Trading signals or forex signals offer an effortless approach to trading the markets for beginner traders. The caveat, however, is that not all signals are of high quality – some of them shouldn’t even be considered while others should be avoided at all costs.