Forex trading for beginners

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Our analysts share trading insights and ideas after taking a look at different Forex charts and indicators across different time frames. Although this content shouldn't be considered as financial advice, it is a great way to get a robust notion on how to perform Forex analyses and identify profitable trades.

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RECENT POSTS


  Forex trading for beginners Q&A Section


Forex trading refers to the exchange of currencies, usually paired with each other, to get a profit from predicting the direction of the exchange rate or price[...]

Whatever your trading strategy, it is always beneficial to keep in mind the Forex Market Hours of the Four Forex sessions. Different sessions are dominated by[...]

In essence the spread is the difference between the Bid and the Ask price. It is what the broker charges you the Forex trader. This is how [...]

It is the most popular trading platform. It allows traders to monitor live prices, buy and sell currencies at market or use pending orders [...]

Chart patterns represent price hesitation. When you have a trend on the chart, it is very likely to be paused for a while before the price action undertakes a new move [...]

Therefore, risk management deals with understanding the factors that affect the trading account. And, positioning in such a way to diminish the Forex risks [...]

The fundamental analysis is a way to understand money and Forex by approaching economies and their behavior [...]

Technical analysis refers to the ability to read a chart. And, to forecast future prices based on the interpretation [...]


MQL4 or MetaQuotes Language 4 is a programming language for developing forex robots, custom technical indicators or Expert Advisors [...]

Algorithmic or Automated trading is the discipline of developing or coding Forex robots to automate certain trading actions [...]

You can join our email crash course. Here is the first lesson in case you want to check out what topics we cover [...]

As a newbie in Forex trading you will be exposed to some risks and mistakes that you should avoid by taking some actions [...]

Harmonic patterns are price formations that are derived from the Fibonacci retracements. They represent and extremely powerful tool for predicting reversals in the market [...]

You must realize that all of this is a part of trading. Create a buffer with enough money so that if you lose, there is enough cushion to not take a huge effect over you [...]

It depends on where you are. There are countries that allow Forex trading with no or very few restrictions. But there are some that either impose significant restrictions or ban foreign exchange trading completely [...]

The Fibonacci retracements are a technical tool used in Forex to define support and resistance levels [...]


Choose a regulated broker that has MetaTrader 4 as the main trading platform of their catalog. Then apply for a demo account [...]

Fundamental analysis in Forex focuses on the impact that economic events and news have on the price of a currency pair or financial instrument [...]

The Forex Economic calendar provides a list of news releases that impact global economics[...]

The first step is to go to your trading platform and open a chart. For practical purposes, we will use MetaTrader 4 as an example in this guide. [...]

Trading is different than gambling since it’s not reliant on luck, but people can become addicted to making money through the financial markets [...]

Yes, it is possible to start Forex trading with a $10 account and sometimes less than that. Some Forex brokers [...]

To put a specific number to it, 90% of traders, or even more, lose money and end up closing or abandoning their account. By understanding [...]

While there is a probability of earning a decent income by trading in the Forex market, the chances of you getting rich are pretty low. [...]

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