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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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.
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.
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The Xmaster formula indicator Forex description labels it as a custom technical indicator Forex traders use during the London trading session on volatile currency pairs to find profitable trading opportunities. While its precise calculation is a closely guarded secret, many agree that it combines the RSI and MACD, two of the most used technical indicators in Forex trading.
It took me many years into my trading career to understand that market sentiment is decisive in producing orders that drive price moves.
The Philippines has emerged as a core Asian Forex market, developing into a regional financial powerhouse. It is home to several well-known business magnates and industrial titans that provide a road map for retail Forex traders to follow. Interest among the Philippine population for Forex trading & brokers, continues to accelerate, and the most successful Forex traders in the Philippines inspire beginners.
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Telegram took the Forex market by storm, with tens of millions of Forex traders using it as part of their daily Forex lives. Algorithmic trading accounts for 80% of daily trading volumes and a Telegram Forex bot can ease some of the most repetitive and time-consuming tasks for Forex traders. While the idea of a Telegram Forex bot may sound like a guaranteed benefit to most traders, my Telegram Forex bot will cover the pros and cons to help traders make an informed decision.
Scams are nothing new, but Telegram has made it simpler for Forex scammers to reach their victims. My Telegram Forex scammer list will detail what traders should know, the most popular ways scammers operate, and tips for safeguarding your online Forex trading.
News travels lightning-fast and impacts price action instantly. Depending on the news, it can cause breakouts, breakdowns, or trend reversals. Therefore, profitable traders rely on high-quality news services, even if they trade purely based on technical analysis. Forex news Telegram channels continue to gain in popularity. I have dug deep to find the most reliable ones for traders to consider adding to their toolbox, so as to understand and profit from price action.