In this lesson, we’ll be using fundamental analysis to determine when to buy and when to sell a currency pair. For starters, note that each currency belongs to a particular country or region. In forex trading, sale is determined through fundamental analysis which focuses on factors like the region’s overall economic state, which includes employment, manufacturing, […]
We don’t want to go any further without letting you in on some things you should know before considering trading currencies. All forex traders, LOSE money on some trades. Being flexible is key to trading successfully, so you should not totally rule out loosing sometimes or else you would find it difficult to adjust to […]
Becoming a successful forex trader is possible; it however as with other works of life requires diligence, commitment, a little luck, and a whole lot of patience and astuteness. With most forex brokers, you can open a demo account easily. Good news is its FREE in most cases. These “pseudo” accounts have almost the same […]
Forex orders are mechanisms traders use to manage their daily trade, a good knowledge of FX orders is important, as they aid traders exit and enter the market appropriately. There are different orders and they vary between brokers, however there are some orders which all brokers accept and adopt. Let’s Take a take a quick […]
A lot is the basic number of currency unit that you can buy or sell. In other words, it is the minimum available unit of currency pairs you can trade on the forex market. There are different lot sizes available to you, however you choose based on your position, and at the broker’s instance. The […]
If you’ve come across the words “pip”, “pipette”, and “lots” while trying to get acquainted with the forex world and have wondered what it means or probably never heard of it before, we’ll be learning what these terms mean and how they are used. It requires some calculations, but not to worry, it will be […]
In this lesson, we’ll be using fundamental analysis to determine when to buy and when to sell a currency pair. For starters, note that each currency belongs to a particular country or region. In forex trading, sale is determined through fundamental analysis which focuses on factors like the region’s overall economic state, which includes employment, manufacturing, […]