10 Mistakes Every New Forex Trader Must Avoid 🏁 Introduction Forex trading is one of the most exciting financial markets in the world. Every day, more than $7 trillion is exchanged across global currencies. The idea of earning profits by predicting price movements attracts millions of new traders each year. However, the harsh truth is […]
Tag Archives: forex trading for beginners
29
Jun
Jun
A 5% margin in forex means that you need to have 5% of the total trade value as margin in your trading account to open and maintain a position. It is the minimum collateral or deposit required by your broker. To calculate the margin amount, you can follow these steps: Here’s an example to illustrate: […]
23
Jun
Jun
Volatility in forex refers to the degree of variation or fluctuation in the price of a currency pair over a specific period. It measures the rate at which the price of a currency pair moves up and down, indicating the potential for price changes and market uncertainty. Volatility is a key characteristic of the forex […]
01
Jun
Jun
Indicators can be valuable tools in forex trading, but it’s important to understand their limitations and use them appropriately. Here are some key points to consider: Ultimately, successful forex trading requires a comprehensive approach that includes a combination of technical analysis, fundamental analysis, risk management, and market experience. While indicators can be helpful in analyzing […]
31
May
May
To open a MetaTrader 4 (MT4) account, you will need to follow these steps: Once your account is funded, you can start trading on MT4.