1. Do Your Homework – Learn Before You Burn Just because forex is easy to get into doesn’t mean that due diligence can be avoided. Learning about forex is integral to a trader’s success in the forex markets. While the majority of learning comes from live trading and experience, a trader should learn everything possible… Read More
What is Forex? Market Sessions Forex Pairs Makeup of a Pair Types of Pairs What Drives The Forex Market? Carry and Risk Fundamentals Fundamental Analysis Do Fundamentals Really Matter? Key Economic Events An Introduction to Forex Charts Chart Types A Brief Introduction to Technical Analysis Trend Lines Horizontal Support and Resistance Conclusion What is Forex?… Read More
Top 5 Forex Indicators Moving Averages Type: Trend Following Best used: In combination To start off, a simple moving average shows the average value of price over a certain period of time. Moving averages is known or commonly used to highlight the direction of a trend and smooth out price to avoid false breakouts, and… Read More
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The Importance of Proper Leverage and Risk Management (Global FX Club) Leverage is the single most valuable tool for Forex traders; it allows traders to create a lot of money using only a small initial deposit. Without leverage, Forex trading would be limited to major players like banks, hedge funds, and very wealthy private investors… Read More
Pro’s 24 HOUR MARKET (Global FX Club) Unlike the stock market which is open between the hours of 9:30am-4:00pm the Forex market is open 24 hours, 5 days a week which provides the flexibility to trade the way you desire when you want to. LIQUIDITY The Forex market trades more than 1 trillion dollars a… Read More
In the financial markets there are literally hundreds of different asset classes available for trading, forex being only one of the many. These different asset classes (stocks, commodities, futures, indexes, bonds, etc.) often move in a particular way, relative to other assets. It’s easiest to understand this when talking about stocks. If you take a…...
One of the easiest systems or strategies for trading forex is a basic breakout strategy, but even this “straightforward” strategy has its own pitfalls. This article, aimed at beginner and intermediate traders, will help you see and trade breakouts while also guiding you around some of the common pitfalls associated with breakout trading. What is… Read More
(Global FX Club) One of the favorite tools of new traders is the Relative Strength Index (RSI) because it offers clear-cut, straightforward, and easy to understand analysis that attracts new traders – specifically the “Overbought” and “Oversold” readings (usually set at 70 and 30, respectively). These levels are attractive to new traders because they seem… Read More