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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When I began trading in the early 2000s, all brokers charged interest on Forex and commodity accounts, which is forbidden under Islamic financial principles. Fast-forward a couple of decades, and today, brokers worldwide offer “Islamic trading accounts” with access to a full range of Forex pairs and commodities without charging interest. This article examines Islamic trading accounts, how they work, the fees they charge, and how to apply for them.
Indonesia is an emerging Forex market that the best Forex brokers in Indonesia aim to serve with competitive trading conditions. The populous country is also a high-growth Forex market, and my article will cover some of the successful Forex traders in Indonesia to help beginners understand the similarities, the positives, and the cautionary lessons. It can shorten their learning curve and help beginners avoid many mistakes. I will also provide core attributes any profitable Forex traders must master, irrelevant to their strategy.
Many profitable traders rank leverage as one of the most essential trading tools, yet it remains one of the most misunderstood concepts in forex trading. Beginners wonder about the best leverage to use in Forex, and I will try to clarify the issue, beginning with debunking the illusion that higher leverage results in higher risk. I will present facts about leverage to help Forex traders utilize high-leverage Forex brokers without facing the downsides.
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The Forex market operates 24/5 without an official opening and closing time, but there is a start to the trading week and an end to the trading week. Forex trading starts Sunday at 22:00 GMT and ends Friday at 20:00 GMT, which translates to Forex market hours in India starting from Monday 03:30 IST, and ending Saturday 03:30 IST.
The Forex market has no official opening and closing time as it operates 24/5, but there is a start and end to the trading week. The best time to trade Forex in Indonesia, from a technical perspective, is during the most liquid trading sessions. I will provide Indonesian Forex traders with the necessary data to understand the unofficial trading sessions in the four core Forex markets and how these can be exploited locally.
Buying and selling stocks has been going on for centuries, and the equity or stock markets have offered some of the world’s most stable long-term investment gains. This is clearly an accessible avenue for people of all walks of life to grow their savings and help them reach their financial goals. However, some Muslim investors have stayed away from trading in shares in fear that it may contravene Islamic financial principles.
If I could journey back more than ten years to when I began trading, and start over, Volume Profile would be one of the first technical tools I would study. It has helped my trading in a way traditional technical tools cannot, and it has made me more profitable than looking at the price chart alone.
The Forex market operates 24/5 and has no official opening and closing times but a start to the trading week and an end to the trading week. Therefore, Forex trading starts Sunday at 22:00 GMT and ends Friday at 22:00 GMT. For Singaporean Forex traders, it translates to Monday 06:00 until Saturday 06:00, but what is the best time to trade Forex in Singapore?
Forex trading continues to expand globally and attracts thousands of new traders, but is Forex trading legal in Singapore? I have covered everything Singaporean Forex traders should know before deciding if they want to participate in the world’s largest financial market, with daily trading volumes exceeding $7.5 trillion.
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With retail Forex prop trading gaining popularity, many potential traders ask themselves: what happens if you lose money on a funded account?
Accurate tax reporting for Australian traders is crucial as the Australian Tax Office (ATO) is vigilant and will impose penalties and fines for tax avoidance or evasion.
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Singapore is an Asian financial hub often used as a gateway for international financial firms to penetrate the Asian markets, especially ASEAN countries.
he Forex market has no official opening and closing times and operates 24/5, so what is the best time to trade Forex in Australia? In this article, we have provided the necessary details to help Australian Forex traders understand how to approach Forex trading times.Review our list of the top-rated Australian Forex brokers, for additional tips on Forex trading in Australia.
The Sydney Forex session is one of the four core Forex sessions globally, together with Tokyo, London, and New York. As a pillar of the global Forex market, which Sydney session Forex pairs should Australian Forex traders focus on? I have compiled a list of the most liquid currency pairs, which yield higher profits due to tighter spreads and deeper liquidity.