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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Many people think of the Forex Market when it comes to investing in new opportunities to make a side income. However, there is still one question that both beginners and expert traders have in mind: Who controls it? Read on and find the answer here!
Being an investor means that you have to take care of many details. However, there are specific dangers that you may not be aware of. Unfortunately, chart manipulation is one of them. Here you can understand what it is and discover things you can do to avoid suffering due to some brokers' unethical behavior.
Forex trading is speculating on currency prices to make a profit. Currencies are traded in pairs meaning exchanging one for another. A trader speculates whether the value of a currency will rise or fall against another.
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If you're in the trading world, you've probably heard about the 'major' pairs. However, when you're a beginner, you don't understand all this industry's intricacies. Fortunately, this article explains what you must know about the eight pairs.
The first thing that a novice trader finds unusual when initially using the MetaTrader 4 platform is calculating pip values and converting them to dollars. In general, we gauge performance in terms of percentage gains or cash. Here’s what you need to know about counting pips on MT4:
Clearing refers to the process each financial transaction undergoes. In banking, it is the transfer of funds from one account to another via a clearing bank. In finance, clearing is the exchange of capital for securities through a clearing house or clearing broker. Clearing ensures the seller has the securities and receives funds, and the buyer has sufficient funds and receives the purchased securities.
A candlestick chart forms the backbone of technical analysis and remains a cornerstone of many analysts. It includes crucial price action data and displays it in easy-to-read candlesticks. They are colored price bars that allow skilled traders to derive essential information about the potential direction of an asset. Candlestick patterns offer reliable and time-tested signals and insights about price action. Given the fast-paced nature of financial markets, the more data analysts can get within a short time, the more efficient the portfolio output.
A coincident indicator is a quantitative economic indicator that fluctuates (more or less) in lockstep with the overall state of the economy. Hence, it represents the economy's current state. At the same time, it is important to note that coincident indicators do not always reflect existing situations due to collection and reporting lags. Factory output, manufacturing, and trade sales growth, as well as household income, are some of the coincident indicators.
The Chicago Mercantile Exchange (CME), sometimes referred to as the Chicago Merc, is a regulated futures and options exchange, the largest of its kind in the world. Agro, fuel, market index, Forex, interest rates, precious metals, housing, and even meteorology are among the industries in which the CME trades futures and, in most instances, options.
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Closing purchase is a transaction where a trader or an investor intends to reduce or close a particular financial instrument. It is popularly known as “buy to close” among traders, especially option traders.
A bull in finance purchases securities aiming to sell at a higher price and is the opposite of a bear in the ongoing bulls vs. bear battle. So, what is bull? Knowing the difference between a bull and a bear helps deploy appropriate strategies. We will outline what a bull in finance is by examining the characteristics and showing examples, helping you understand the bull meaning in stock market conditions.
A brokerage connects clients to financial markets, the custodian of brokerage accounts, and the go-between between buyers and sellers, receiving a fee per transaction. A traditional brokerage, also known as a brick-and-mortar or full-service brokerage, formed the backbone of the financial system. Self-managed portfolios rose in popularity, but trading costs at a full-service brokerage were high, discouraging active trading and favoring low-frequency buy-and-hold portfolios. Online or discount brokerages emerged at the turn of the millennium. Over the past decade, algorithmic trading and robo-advisories started to disrupt the market. Regardless of the brokerage, it all begins with a brokerage account. We will discuss the brokerage meaning, describe types of brokerage accounts, and help you make an informed decision with brokerage account examples.
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Sign up to get the latest market updates and free signals directly to your inbox.A closed position is a trade that is no longer active as closing a position involves nullifying the initial position. It eliminates exposure to market risk. Closed position is commonly referred to as “position squaring” in Forex trading.
CHIPS (Clearing House Interbank Payments System) is the major clearing house for significant financial transactions in the United States. By 2015, it was processing about 250,000 interbank transactions in cross-border and national transactions every day, totaling over US$1.5 trillion every day. We'll go over all you need to know about the Clearing House Interbank Payments System today.
When we look at how the stock market works, we primarily only think about big investors, their agents, and so on. We often miss out on several other important roles. The role of a chartist is one such example. While chartists play a very important role in the stock market, they do not come into the limelight. Today we will learn about chartists and talk about their role in the stock market. This guide is for anyone who wants to know more about how the stock market works.