There are two general types of retail Forex brokers: Dealing Desk Brokers, also called Market Makers, provide liquidity to the market by offering both buy and sell quotes (Bid and Ask) and taking the other side of the trade. That is the reason they are also called Market Makers. Dealing desk brokers do not charge … [Read more…]
Is forex trading betting or gamble?
I don’t see the difference between betting and gambling. You can do either one with intelligence by trying to increase your chances of winning. In the same way, when trading Forex or any other financial market for that matter, you can gamble by placing random orders or you can use a profitable trading system with … [Read more…]
In the forex technical analysis, was the mid price or bid price used?
For the purposes of technical analysis you can use any of the 4 prices and their combinations: open, close, high and low. Charts are usually plotted using closing prices for the time period selected. Trend lines are drawn by connecting highs or lows. It’s not uncommon to plot moving averages of high, low and close … [Read more…]
How do you short a currency?
There are basically 3 ways to short a currency: 1. You can sell a contract for that currency in a Futures Market. 2. You can sell an index of that currency. For example, if you believe that the US dollar is going to weaken, you can sell a US dollar index, which measures the value … [Read more…]
Apr. 1 End of week Forex signals results: Break Even
This week the result is break even.
Mar. 25 End of week Forex signals results: -119 pips
This week’s signals resulted in -119 pips loss.
How volatile is Forex trade today and which currency is at an advantage?
The volatility in Forex changes all the time. But to make money, you need prices to move. Therefore it’s not such a bad thing. Also, different currency pairs have different volatility.
From where forex data (charts) are driven?
The data is provided by your broker based on the interbank market and it can slightly differ between brokers due to spread differences.
Technical Analysis: Chart patterns vs. indicators, which work better?
There are many different tools in technical analysis designed for different purposes. Think of them as your toolbox. In real life you need different tools to perform different tasks and therefore you need a set of tools to complete a job. In pretty much the same way you need a set of technical analysis tools … [Read more…]
Whats the best way to start forex trading online?
The formula is pretty simple: 1. Learn theory. 2. Practice and experiment on demo. 3. Develop your own trading system. You can use someone else’s system but you still need to adjust it to your schedule and personality. 4. Once you are consistently profitable on demo, start trading real micro account. 5. Work on your … [Read more…]