What you need to know about forex trading
Posted onThere are only about 6 things to know about anything, or any topic, to understand it. It is the same with forex.
But I would add a 7th question because it has such a big influence on fx traders. …
Category: How-to
What exactly is forex trading?
Posted on
Trading in foreign exchange is the buying and selling of two currencies, or money denominations of two countries.
Forex trading is based on the difference in the value of the two currencies (currency pair) and how …
Learn to trade forex free
Posted onYou don’t have to pay to learn the basic skills needed in forex trading, you can learn it free.
This website is one of the online places where you can learn the basics of forex trading at no cost. But, …
How do I do a forex trade?
Posted onWhen novice traders ask this question, they usually get a course in forex trading. But what many new traders have difficulty with, is how to actually go about placing their first trade.
Here are the steps in a trade:
- Find
Forex Trading Tips Privacy Policy
Posted onWhat personal information do we collect from the people that visit our website?
When do we collect information?
We collect information from you when you enter information on our site.How do we use your information?
We may use the …
Why pips are more important than $s
Posted onA pip (point in percentage), is the smallest movement a forex price can make, and is just as important to know, and manage, than the Dollars the trader can make.
A pip is a standardised unit, so we know we …
Newton’s Laws of Motion in forex trading
Posted onNewton’s Laws of Motion have much support amongst some currency traders, and most use it either intensively, or just loosely base their actions on it.
Newton’s First Law of motion has four parts:
- an object
- stays at rest or
- moves
Long and Short forex terms – what does it mean?
Posted onTwo terms that often create confusion for novice traders are “Long” and “Short”, especially the concept of shorting a currency.
Long or Buy
It is quite easy to comprehend buying a fx pair because it works in the same way as buying …
How to create a forex trading plan
Posted onTo reach success in trading, as in anything else, you need a plan.
A trading plan is your map that guides you from where you are to where you need to go.
Forex Trading Tips is a website for novice …
Five-candle Breakout Strategy
Posted onThe Five Candle Breakout Strategy is traded on the lower time-frames, wherever a range can be defined by support and resistance levels.
Traders who trade this strategy seem to prefer the 5m, 15m, 30m or H1 charts.