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
Whether you are just starting out of someone a little more seasoned here are three things to look for when choosing a forex broker. Since the entire concept of trading is making good decisions, having a strategy is important and knowing the pitfalls of picking a broker can save you time and money.
The first of the three things to look out for when choosing a forex broker begins with you, what type of trader are you going to be? A good place to start is by learning the different styles of trading from very conservative to extremely aggressive and everything in between, then identify which style you think fits your personality and desired outcome. Continue reading
“The Fundamentals of Forex Profit”
Forex Trading takes place in a Forex Market where currencies of all the nations of the world are traded through the brokers. Forex Trading is the process in which these foreign currencies are constantly bought and sold across local and global markets, and the value of traders’ investments go up and down running parallel with currency movements. So, this definitely shows that the foreign exchange market conditions are very unpredictable and can change anytime with respect to real-time events. Continue reading
If you are trading or have traded in the Forex market you must have heard about Forex brokers. As a trader, you might not know what a Forex broker is and what they do exactly. Continue reading
What is important when looking for a Forex Broker? First you must consider trade fee’s, management fee’s and what type of trading platform you will be using. I find the most important factor is what type of automated software the site allows. Robots in automated Forex trading are part of the business of making money, so be sure to be come familiar with them. What type of account do you want to open? Managed accounts will administer higher operating expenses, while managing your own account as a newbie can also create new risks. [ad code = 2]