News trading has been becoming increasingly popular among Forex traders because it offers opportunities to make large profits within a relatively short period of time. However, just like not all fingers are not the same, not all macroeconomic news events have a similar impact on the market. For example, the German Flash Manufacturing PMI will […]
Several methods are available for analyzing the forex market with the intention of identifying profitable trading opportunities. In order to get a profit, you have to analyze the chart and besides that, you have to keep your eyes on the news. And most importantly you have to control your sentiment. Combining the different approaches has […]
Installing and running multiple MT4 client terminal instances on the same machine is easier than you think. These days every MT4 user should learn how to do it because sometimes you have to do it on your own. This way you can open two, three, or even more MT4 platforms on the same computer, login […]
When approaching a field like Forex trading where personal decisions translate into profits or losses, having a well-outlined and easy-to-follow plan can make the difference between success and failure. Having a plan to be successful in any field of endeavor is highly recommended, but trading the forex or any other financial market without a plan […]
The ultimate difference between a professional trader and an amateur trader is simply their perspective on money management. Like dieting or working out, traders do know the importance of money management but they hardly practice this in real life. The reason is, it takes time to understand how they should manage money. They have to […]
For a Forex trader, lot size is an essential element. Lot size shows how many units a trader will trade in the Forex market. How much a trader will earn or loss, it depends on the lot size. Before someone enters the market, they need to identify what lot size should they go for. Different […]
Introduction: Forex trading signals is an indicator that can be made by a human analyst, trading software, or trading robot. Forex traders around the world analyze these signals for their trading decisions. With this system, traders determine whether to buy or sell a currency pair at any given time. The signal contains critical information for […]