Forex for Beginners – Trading Articles 2022
Forex market is also sometimes referred to as "currency exchange market" or "fx market". Forex market is comprised of various kinds of agents and operators, including banks, funds, large and small investors. Online currency market operates around the clock and it is possible to trade forex from anywhere across the globe. Before starting trading on a real account, forex beginners need to learn and understand basic concepts of currency trading, to get acknowledged with types of trading strategies and forex platforms, to know what can be spreads and leverage in forex, to remember the basic principles of risk management, and to understand the importance of licensing in the forex industry. And, the idea of forex for beginners would be incomplete without a very special concept of online trading, that is, binary trading. Binary trading is becoming increasingly popular among novice traders due to its comprehensible structure and fast operations. As for the types of forex trading accounts, they are specified by deposit amounts and operational functionality. A trader new to forex is recommended to start with demo account to understand the principles of currency trading while not putting their own funds at risk. The real money accounts can be standard, mini, micro, or managed accounts. The first three types are based on differences in the initial deposit and in leverage. A managed account type makes a class of its own and is addressed to large investors who prefer to entrust trading operations to the Forex professionals.
Since 2020, the world and its economy have been in a state of constant turmoil caused by the notorious global pandemic or geopolitical struggles in different parts of the globe...
Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes...
Foreign exchange trading (also known as forex or FX trading) involves the speculation on currency prices exchanging on a global marketplace (the forex market)...
There are two important terms in financial markets that can help investors understand and react to certain situations. Both bull and bear markets describe how markets...
A trade may be closed profitably or at a loss. Trading, as a whole, may become profitable or lead to losses. Risk management in Forex is about reducing the loss factors.
Although you may think the title of Money Management is pretty clear and easy to implement – how to manage your money and invest wisely, it is slightly more than that...
Take a researched, confident step into the markets, by getting to know all there is about trading CFDs. Discover more about eXcentral's five asset classes by going over our free and easy eBooks and following our Video tutorials. Go deeper into the trading pool, by improving your Technical and Fundamental Analysis skills with our Trading Strategy Tutorials. And for trading's sake, make sure to book your place for eXcentral's next Webinar, for a shot to get to know Michalis better. Or schedule your 1-on-1 with him instead.
Choosing the best forex broker to open a trading account is quite hard as there are numerous choices available online. Although competition is very high pushing brokers...
If you are new to forex trading, then you must probably be looking for the best trading platform which is usually selected based on top-notch tools and resources...
How long does it take to profit in online trading? Check out this article to see 3 common mistakes made by traders that may also be affecting your trades!
Bitcoin is a digital currency that operates without the control of a central bank or the oversight of governments. Instead, bitcoin relies on something called peer-to-peer software...
The cryptocurrency community has a ceaseless admiration for memes and pop culture. From its inception, meme coins have seen exponential growth in the crypto space...
Cryptocurrency mining has brought about a new gold rush where individuals and businesses are deploying mining hardware to earn as much cryptocurrency as possible as so-called miners...
Are you among the thousands of traders who are looking to take up trading as a living? Day trading can eventually turn into a lucrative career, but keep in mind that it is challenging and time-consuming...
To securely store the crypto investments, traders will need a cryptocurrency wallet. Cryptocurrencies are changing the world. They allow for decentralised...
Leverage is simply borrowed funds that traders use to trade. In other words, it refers to the ability that traders have when opening an account with a forex broker...
Macroeconomic indicators are a key part of fundamental analysis. Their statistics provide insight into the state of a particular country’s economy. Macroeconomic indicators...
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Each person has different skills, different life experiences and obviously, some are more fortunate than others. The same can be said about traders. Things may differ for any trader when...
The United Nations recognizes 180 currencies in the world as legal tender. But while currencies such as the US dollar and the euro are popular and widely used, they do not hold the highest values...
Today, there are more than 19,000 cryptocurrencies in existence and counting. On the one hand, crypto trading opens up huge opportunities. On the other hand, such a wide variety can...
Stablecoins play a significant role in the global cryptocurrency markets, providing a range of use cases for traders, investors, and active crypto users...
Just a guess: you’re new to trading and you think that trading is all about luck and intuition, right? Not really. In fact, being an efficient trader means more than just buying or selling assets
An issue for many new market entrants is the following: Is Forex essentially gambling? Each decision we make in our daily lives can be considered as a risk we take to succeed or progress in something...
Today, there are almost 19 thousand cryptocurrencies in the world. On the one hand, this is a huge opportunity! For comparison, only a few thousand companies...
Forex trading, also referred to as foreign exchange, is the process of exchanging currencies to potentially make a profit, usually for trading purposes...
Are you wondering how you can more easily manage and monitor your trades? This article will show you the benefits of setting stop-losses in your daily trades!
Companies may occasionally, conduct share splits, this is when the company lowers the price of its shares by splitting each existing share...
Trading precious metals is one of the most popular ways of diversifying your portfolio. Trade spot gold and spot silver prices against the US Dollar and other major currencies with a global broker today, and reap the potential benefits.
We bet you watched Wolf of the Wall Street with Leonardo DiCaprio playing Jordan Belfort. Have you ever wondered why the main character was referred to as a wolf?
Why do people want to start trading foreign currencies on the global market that is commonly known as Forex? Some are tired of their mundane jobs where they get paid peanuts...
A few simple tips on how to choose profitable signals for a subscription in Copy Trading, and not to lose your money. These recommendations are also suitable for PAMM accounts...
Precious metals have been used as an investment option as well as a method to store wealth, with gold being the most commonly used. Today there are many ways to trade...
