There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry.
At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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Today, nearly all trading is “electronic trading.” Switch on your computer. Login to your broker’s account. See what you want to buy or sell. Click your mouse, and you are in a trade. It seems easy, right?
You’ll often hear traders blame their losses on some kind of nefarious practise known as “stop loss hunting”. This usually refers to an underhand practise by brokers undertaken to maximise client losses and hence their own profits, but it can also refer to a process undertaken by major market participants. It can even form the basis of a profitable trading strategy. Read on to find out how you can avoid having your stops hunted, and how you can exploit this phenomenon for a more profitable trading style.
Different financial instruments do not move in isolation. Instead, the markets are intertwined, and the prices of different assets are related. This concept is known as “correlation.” When asset prices are correlated, traders can compare the prices of one asset to another to make trading decisions.
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Drawdowns are inevitable, and everyone will face a drawdown in Forex at some point in their trading careers. Without proper risk management, drawdowns can destroy a trading account even if the overall trading strategy is profitable.
There are three main types of price movements: trends, continuations, and reversals. To be a well-rounded trader, understanding all three types is essential. In this article, I examine reversals to help you build a strong foundation in price action and technical analysis, which should help make you a more profitable trader.
Learn this powerful trading strategy which can help you profit from the standout performance of the American stock market, and in other stock and commodity markets too.
It is a fact that most independent self-funded traders are unprofitable. For example, Forex brokers required to report on client losses under EU law usually report that between 60% and 85% of their clients are losing money.
One unique feature of exchange-traded futures is they’re standardized. The way most companies do this is by using minimum lot sizes. The lot size for futures is the lowest ticket size of shares you can trade (futures).
As with everything you buy or sell, things are determined in measurement units, such as a dozen eggs or a pound of butter. The same applies when you’re Forex trading. When you place an order on the Forex market, the lot size is the unit of measurement to determine what you want. The size of the Forex trade is made up of lots, so it’s crucial to understand them to be successful in the global Forex market. Let’s dive in and learn more!
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As a Forex trader, you will probably deal with various currency pairs, and it’s important to learn what pips are and how you’re supposed to count them. Today, we’re focusing on BTC/USD, but the same information typically applies for other cryptocurrencies and pairs with the USD cross.
A pip is actually an acronym (price interest point or percentage in point). Overall, it’s important to know how to count pips on Forex so that you can see how much to trade and what you might earn for profit based on your account capital. Let’s learn more about it!
If you want to be a Forex trader, you have to understand what pips are and how to count them. This is for any currency pair, but today, we’re focused on the GBP/JPY. One pip (for Forex) is the smallest price change possible for a currency pair to make, but pipettes are pip fractions. Let’s dive in and learn more!
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Sign up to get the latest market updates and free signals directly to your inbox.When trading on the NASDAQ Index (NAS100), it’s important to understand how to count and calculate pips. You will learn all about that today in this article. Let’s get started!
Pips are the smallest price changes for a currency pair or other financial instruments, though there are fractions called pipettes. It’s important to understand what they are and how to count them.
Forex trading is a genuine way of making money through which a lot of online traders have become very wealthy. However, as lucrative as the industry is, it is still plagued by suspicion and negative publicity.