Nowadays, popular trading platforms offer in excess of 100 indicators. You could say you are almost spoilt for choice. The mammoth selection, however, tends to be detrimental, often leaving traders overwhelmed, particularly those in the earlier junctures of their journey. Fortunately, a handful of indicators have stood the test of time. Including, but certainly not … Continue reading Relative Strength Index: How to Trade Using the RSI Indicator
With an endless stream of books available to choose from, it’s often difficult to decide which text will prove most fruitful. Is there one book that has all the answers – a book that confronts all elements of forex trading? To knowledge, covering each aspect in detail is beyond the scope of one book, and … Continue reading 5 Must Read Books for Any Aspiring Forex Trader
Should a colleague, one who has a reputation of borrowing money and returning it later than proposed, ask to borrow $100 and offer to pay back $110 the following month, what would your initial thought be? It’s probably not worth the risk or the hassle, right? However, what if the said colleague offered to repay … Continue reading Understanding Risk/Reward Ratio in the Foreign Exchange Market
‘What you don’t know can’t hurt you’. This widely used idiom may apply to some things in life, but certainly NOT when it comes to leverage! Quite literally, the MORE you know the BETTER! What is leverage? Leverage essentially means having the ability to control a large sum of capital using very little of your … Continue reading What is leverage and how does it work in the Forex market?
In terms of sheer size, the forex market is by far, the largest animal in the financial jungle. It boasts unparalleled features that clearly set it apart from other financial markets. The great thing about this is that it offers a plethora of advantages to both new traders just beginning their career, and more experienced … Continue reading Forex Market vs other Financial Markets