The forex calendar or also known as the economic calendar is specifically designed in order to help traders and investors learn about any future major economic information or the present condition of the forex exchange market. This important information includes the private medical insurance rates, consumer price index and also the unemployment rates. In some cases, even government reports are also incorporated. The forex calendar operates on a shorter time scale and is usually released every hour. Continue reading
In today’s world we see the word “PIP” used in several places, so what is a PIP you might ask? Shopping for televisions you will understand it as a “Picture-In a “Picture”. With some fruits such as apples and pears, you will find it used to represent the seed or pit. But what is a pip in Forex trading?
In our business it represents “Percentage-In-Point.” and is used to quantify a currency rate to a very detailed and small amount well below whole numbers. Different currencies are traded around the world and using this system helps equalize each currency against the other for much more accurate measurement. Continue reading
Currency traders who trade to protect a position that exists or will be anticipated from a poor move with foreign rates of exchange, they are known to be in Forex hedging. When Forex hedging correctly, that trader is long in a currency trade, will be able to protect oneself from any risk to the downside. If the trader is shorting their trade, they are putting themselves at a risk to the upside. Continue reading
Forex Mini Trading is the right way of starting to know more about the Forex market. It helps to learn about money management because you are trading with your money but it is not sufficient money which causes lot of tension. Forex mini trading helps the trader to learn two lessons which are very essential for the traders. The first is money management and how to manage stress when it occurs while trading. You have to understand certain things when your considering opening a Forex mini trading account. Continue reading
The Forex Market and Important Economic Indicators
The currency market or the Forex market is an awesome marketplace that’s shown to be the biggest and most lucrative market on the globe. We find investors from all over the world trying to get engaged in this trade. It is important to state here that happenings in one little corner of the world can affect the exchange rates and currency values. This article will expose Forex Market Important Economic Indicators. Continue reading
The currency market has remained the world’s largest and most liquid market, with trading running into trillions of dollar daily; anyone can get involved and start making money off this market, especially when trading the Yen, USD and Euro. For the newbies who are just getting started in the market, it is essential that they get acquainted with trading terminologies as their popular uses cuts across various fields. This article looks at various currency majors that investors should keenly observe. Continue reading
Forex Forecast software is created to enable Forex traders to determine the selection of currency. It is performed by checking the record of cost changes. Another important thing to include is checking how two currencies relate with one another. Both the charts and graphs will assist the traders to monitor the points for trading in currency trading. All kinds of programs are available with Forex Forecast software to use in several forms. The trades, exchanges and other transactions are all performed by the Forex Forecast software. It also helps to forecast the currency market conditions The Forex Forecast software is designed with multiple applications and programs which are very important for currency trading. Most of the programs and applications will monitor the market trends in order give all kinds of information in all aspects of the currency trading. Continue reading
Heikin Ashi Application is a tool which can be used in conjunction with other market indicators to confirm Forex momentum. It shows the relative strength and direction of Forex trends, as well as marks key points to enter and exit trades as prices. However, the Heikin Ashi calculates session activity in a way that “smoothes” out market noise, in order to give a better overall picture of Forex momentum spike and dip. Continue reading
Understanding Support and Resistance Indicators
Understanding some basic forex support and resistance indicators can be a good way of establishing a trader in the study major support and resistance levels.
So many traders out there are void of indicators that can give them information on support and resistance points. This article is poised to reveal and make you understand some of these basic tips. I’ll be sharing with you here some of forex best support and resistance indicators that I have tested to be the best. Continue reading
Using the Stop Loss Option
Being a player in the financial market, you always need to keep in mind that there are two sides of the story. On one side, you make a successful trade deal and earn substantial amount of profit. However, on the other side, there is loss where you lose profits and even the money you had on hand. This is all part of the game. Even in forex trading, there will be times when you will be making huge profits, but there always will be a chance of you enduring a loss due to a bad trade that might potentially eliminate all your time, effort and hard work you put into it. Continue reading