There are thousands of strategies for trading in financial markets. Some are versatile, others only work well with certain types of financial instruments. For example, Forex currency pairs are more suitable for scalping and intraday trading, as for stocks, many traders prefer to build their strategies focusing on long-term trends.
We think everyone who has watched American westerns knows what a scalp is and why it used to serve as a war trophy. We will not dive into the history of the American Wild West, we will just explain that this word comes from the Latin scalpere, which means "to cut".
Many traders often wonder how Forex transactions differ from CFDs (Contract for Difference). There are some differences. But in our opinion, there is much more in common between them.
CFDs or Contracts for Difference are financial derivatives (that is, trading stocks or commodities without actually supplying them) that significantly expand the arsenal of any trader. Thanks to them, in addition to currency pairs on Forex, you can work with stocks, stock indices, commodities and even cryptocurrencies. Trading accounts CFD are widely represented by the broker NordFX.
Forex trading is not an easy trip to do. You need to learn a lot before you can earn money here. Luckily, you don’t need to have a university diploma to trade Forex successfully. There are many ways to learn how to trade currencies and other financial assets. Here we are going to provide you with a detailed guide on what aspects you should master to succeed.
Trading tools is an asset that a trader can use when making a transaction. It is clear that the more such assets there are, the broader the trader's opportunities for developing various trading strategies and hedging risks. Accordingly, the likelihood of making a serious profit is higher. That is why the brokerage company NordFX offers its clients an impressive range of trading instruments, the complete list and specifications of which can be found both on the broker's official website in the Trading Accounts section and in the trading terminal control panel. Here we will consider their main groups.
For online transactions on financial markets, the NordFX brokerage company offers its clients the world's most popular trading terminal - MetaTrader 4 (MT4). After downloading it, the trader will see three possible options for the graphical display of quotes for trading instruments in the "Properties" section - these are bars, a line and Japanese candlesticks.
Agree that candlesticks, and even Japanese ones, are difficult to recognize as a tool of technical analysis. But this is only at first glance.
Traders can use not only their knowledge in their work, but also various computer programs: auxiliary scripts, as well as algorithms that can give recommendations and even open and close transactions on their own. These automated trading systems are called Forex robots. This article will discuss them in detail, as well as talk about the types and how to use them.
It is possible to make money on currency fluctuations not only by trading. Forex PAMM services allow even those who have no previous trading experience to profit from changes in prices of foreign currency assets. On the other hand, for a professional trader, the Forex PAMM service is an opportunity to increase the size of their trading capital.
Price is the most unpredictable variable that can surprise many with its bursts, reversals, figures and pirouettes. Despite the fact that there are a huge number of stories of earnings based on intuition, all of them logically end after some time in the same thing: the loss of the deposit.
Actually, the currency market and adrenaline are two incompatible things. Only curbed emotions and a systemic approach can bring stability to trade. This cannot be achieved without understanding the market, the ability to predict it and use these skills in your trading strategy. A trading plan and a clear algorithm of actions is what every trader should start with. Forex indicators and technical analysis can help you along the way. They will be discussed in this article.
Finding patterns, repeatability and historical cyclicality is one of the main tasks of a trader. Some use graphic patterns to look for the silhouettes of geometric shapes. Some study the characteristic price movements: acceleration, braking, and interaction with graphic objects. However, there is a huge category of traders who are engaged in technical analysis of Forex using indicators. They allow you to predict the market, study its various characteristics and use these patterns in your own trading. Even beginners who have just heard about the existence of technical analysis will be able to analyze the market with their help.
What is Forex? This is a huge over-the-counter marketplace where various currencies are exchanged. Its turnover exceeds 5 trillion dollars a day! (For comparison: the turnover of all world stock markets is "just" about 85 billion dollars, that is, almost 60 times less).
Forex was created for international commercial activity, but today there are not only companies conducting such work, but also private traders who have received access to trade, as well as investors whose main purpose is to profit from fluctuating quotations.
In this article, we will look at the history of the emergence and formation of the international currency exchange market, the main participants in this market, as well as the principles of trading.
The Forex currency market is one of the few places where everyone can try to realize themselves. The absence of superiors, the non-existent ceiling on earnings, the work schedule for which you are responsible — all this is in the trader's profession. But becoming one is not an easy task.
Technical analysis in the Forex market provides a wide range of opportunities to study and predict prices. The number of instruments that are capable of solving the tasks set by the trader is hundreds. If the indicators are justifiably amenable to criticism for signal lagging, the levels of support and resistance find their admirers even among people most skeptical towards technical analysis. This is not surprising. Forex levels are a benchmark that all traders, without exception, pay attention to.
The Forex market is a place where almost everyone has every chance to make money. But do not confuse luck with a professional approach. Trader is a profession that needs to be learned. Otherwise, intuition will fail sooner or later, and a series of trades will turn into a continuous loss. That is why, as a start to your career, it is better not to waste time, but to start by studying technical market analysis. It will let you trade with awareness.
Practice shows that many traders and investors do not understand very well what leverage is and what benefits and risks it carries. In fact, this leverage is just a tool that multiplies opportunities for a trader.
How much is the skin of a not-yet-killed bear worth? Especially if this ‘bear’ is among the largest players in financial markets?
This article will tell you all about how traders who bet against the market earn their money; it will also tell you how much they earn.
Bitcoin: although this currency is virtual, many people earn and have already earned real millions of dollars thanks to it. More than 1,000 people have become owners of fortunes with six, seven, eight zeros, and five people have become billionaires. Moreover, one does not need to work until a very old age: according to Forbes, the average age of crypto millionaires is only 42.