Trade Forex

One of the first things most traders hear when they begin their forex journey is the fact that forex trading is risky. Many new traders choose to pay little attention to all the risk warnings and continue. I was personally the same at the beginning because I so eager to get started!
It is very important […]

[Read more →]

When choosing a forex broker, the account type you select is very important. Let us look at the different forex account types:
 
Standard Account – The standard forex account is denominated in US Dollars. One standard lot is 100,000 units of currency. For example a long, 1 lot of GBP/USD would be buying 100,000 GBP and […]

[Read more →]

The forex market is one of the best trending financial markets. This makes it an ideal choice for trend trader or momentum trades. However, some pairs clearly have trended a lot better than others in the past few years.
Perhaps the best forex trend pair in recent years has been EUR/USD or fiber. There has […]

[Read more →]

Gaining Forex pips is what forex trading is all about. If a trade is closed for a plus number of pip, it will usually be a profitable trade.
 
However, a trader can end a trading month in positive forex pips and still have post a negative percentage for the month. Let’s look at how this can […]

[Read more →]

Offshore forex trading is an option. There are many offshore forex brokers out there. However, one needs to be very careful in regards to the risk of fraud. Many offshore brokers have no regulation at all so in theory they are potentially unsafe.
The big question I hear you ask is: What happens of my […]

[Read more →]

Forex hedging is when you have an open trade and then open another trade in the oposite direction. The trade in the oposite direction acts as a hedge. The trader can open a 100% hedge by making the oposite position the identical size of the first trade or the hedge trade can be smaller […]

[Read more →]