Category: Forex Trading for Beginners

how to use MACD Indicator in Forex

The Moving Average Convergence Divergence (MACD) is one of the more popular momentum indicators used by traders. It is an easy-to-use technical tool used by traders to measure the current market environment.  MACD or Moving Average Convergence/Divergence is a momentum indicator that gauges the market conditions to generate overbought and oversold signals. It works in […]

The use of leverage enables traders to bank more profits with little initial capital invested in the forex market. That being said, it can also cause huge, unsustainable losses that can blow out accounts in a matter of months. Fortunately, it’s easy to control leverage in a way that lets you grow your account consistently […]

Lot size forex

As you trade, you will often come across the term “Lot Size”, otherwise known as “Position Size”. These are crucial when you are trading in Forex as it is the way to manage your risks while preventing the loss of your account over one trade. You are able to utilize Lot Size calculators to determine […]

Before you sign for an account with any broker, first, you need to research. It’s very important to find a reliable and trusted broker that’s regulated and offers competitive fees, spreads, and complete experience in trading. AxiTrader stands out as a safe and reliable broker as you will learn from this review. AxiTrader is considered […]

Trend reversals represent one of the most anticipated scenarios in Forex markets. Traders analyze the currency markets, looking for reversal as they usually offer great risk-reward.  The gravestone doji is a candlestick formation that points to a likely reversal in the trend direction. The gravestone doji also looks like the letter “T”, but turned upside […]

Anatomy of a Dragonfly Doji

Doji candlesticks are some of the most common candles in price movements. As open and close are the same, or nearly the same, doji candles are usually interpreted as neutral candles, although their appearance near tops or lows can signal impending reversals. The dragonfly doji is one of the more powerful doji patterns. It’s characterized […]

Why Do Most Forex Traders Lose Money?

It is a widely known fact that most people who trade Forex, or foreign exchange currencies, lose money in the long run. To put a specific number to it, 90% of traders, or even more, lose money and end up closing or abandoning their account. By understanding the root cause(s) of failure for the majority […]

The Forex Market, short for foreign exchange market, makes over $5 trillion worth of transactions per day, making it the largest financial market in the world. Aside from the liquidity that this behemoth of a market brings, Forex also has a low barrier to entry, with live trading accounts starting as small as $10. So, […]

is Forex Trading Addictive

Trading is different than gambling since it’s not reliant on luck, but people can become addicted to making money through the financial markets. Knowing the signs and ways to overcome a forex addiction can help you avoid becoming a victim to this situation. Is forex trading addictive? Yes, it can be. Activities that people enjoy […]

How to Download and Install MetaTrader 4

MetaTrader 4 is one of the most popular Forex Trading platforms. Its massive adoption and ease-of-use makes it the number 1 choice for most Forex traders.  To download and install MetaTrader 4 using a demo account, follow these steps: Go to your preferred broker’s website. Download MetaTrader 4. Open MetaTrader 4 and enter your account […]

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