Category Archives: Trading Tools

The importance of a foreign exchange converter

The importance of a foreign exchange converter

A brief look at the importance of foreign exchange converters Foreign exchange converters and trading In the foreign exchange market, currencies are constantly bought and sold. This translates to either a profit or a loss. Of course anyone venturing into the markets would have in mind to maximise profits and avoid losses. To this though, […]

Exiting a Winning Trade in Forex Trading Online

Exiting a Winning Trade in Forex Trading Online

Exiting a Winning Trade in Forex Trading Online In forex trading online, exiting a winning trade is much harder than exiting a losing one. Here, we take a look at how best to tackle this problem. For most traders, the goal is to get on a winning trade. The problem, however, is that only a […]

Why do Most Forex Strategies Fail?

Why do Most Forex Strategies Fail?

Why do Most Forex Trading Strategies Fail? Ever wondered why most forex strategies don’t live up to expectations? Then read on. Most of the time, traders find forex strategies that look very promising on paper, and decide to give it a go. They try it out on a demo account and everything looks perfect. For […]

Predicting FX Rates

Predicting FX Rates

Predicting FX Rates The foreign exchange market is complicated and to try and predict the FX rates will require detailed analysis of trends in the marketplace.  Even this in-depth analysis makes it quite difficult to accurately predict the rates.  You require experience and knowledge to allow you to effectively predict rates to make trades profitably.  […]

The Benefits Of Forex Online Trading

The Benefits Of Forex Online Trading

The Benefits Of Forex Online Trading Foreign exchange currency trading has grown immensely in the last few years.  The internet and advanced technology has made it easier for individual investors to enter this market.  This financial market was previously only accessible to central bank, governments, large banks and other large financial institutions.  Nowadays, you can […]

How to Trade Forex on a Slow Market Day

How to Trade Forex on a Slow Market Day

How to Trade Forex on a Slow Market Day This article takes a look at how to trade forex during ranging markets. For most traders, ranging markets are the most annoying time to be in the markets.  It is during these times that most individuals give away any profits they may have made during the […]

Forex Trading: How to Write a Plan

Forex Trading: How to Write a Plan

Do you think a broker has a trading plan or no trading plan for foreign exchange? If you answered yes they do you are correct. Professional traders will always have a forex trading plan. Anyone that creates a trading plan will find more success over the trader who does not have one. Trade preparation reveals […]

Forex Trading Systems Backdating Candlesticks

Forex Trading Systems Backdating Candlesticks

Candlestick charts are a favourite among expert traders. Beginners should consider learning how to use these charts versus line charts. Forex trading systems with candlesticks are about estimating what will happen versus what happened in the past. Often line graphs in which each rate is graphed for a day or longer is about the past. […]

Forex Trading AUDCZK Example

Forex Trading AUDCZK Example

The AUD/CZK might not be a pair you think of trading often. It is a highly volatile pairing with little liquidity and volume. Yet, you might find the profit in this pairing to your taste. The only way to know for sure is to take a rate and use some example calculations to see how […]

Forex Trading Strategies As Applied On Latest Global Economic Forecasts

Forex Trading Strategies As Applied On Latest Global Economic Forecasts

The current roadmap of the global FX market positions vis-a-vis the fund flows of nations points to an FX market that remains a very flow-dependent market that is largely affected by macro developments. The most important change in global FX markets is the reversal of the established patterns in global growth. Thus, forex trading strategies […]