The foreign exchange market, or forex for short, beckons with the allure of potential profits and fast-paced action. However, venturing into this dynamic arena without proper preparation is akin to navigating a minefield blindfolded. Numerous pitfalls await unwary traders, and understanding these common mistakes is crucial for building a successful forex trading journey. Lack of […]
Introduction Trading models are critical for traders who wish to maximise profits and reduce risks. Two popular models for trading include ECN (Electronic Communication Network) and STP (Straight-Through Processing), which have distinct advantages and disadvantages based on the trader’s goals and preferences. In this post, we’ll give a brief overview of ECN and STP trading […]
The Forex market is extremely complex and sustaining constant profits can be difficult if you don’t devote sufficient time and effort in learning the market from scratch. In the last few years there have been a number of technological advances in the Forex industry which have led to the creation of intelligent trading options that […]
Forex trading is possible using a variety of accounts. account offers its own set of benefits and drawbacks. When you are registering with any broker, you should be aware of the distinct differences between the different types of accounts offered. be looking at the two most popular types that are live fx trading accounts as […]
The currency pairs are traded on the market for forex. There are three major types of currency pairs: Major pairs: Major currency pairs are the most commonly traded pairs in the forex market. They include USD, EUR JPY GBP CHF CAD USD. Major pairs are highly liquid and are characterised by minimal spreads, making them […]
Forex trading is an extremely popular business where traders seek to profit from the fluctuation in exchange rates that occur between different currencies. The global forex market is the largest and the most liquid market for financial transactions with an average daily volume of trading of more than $7 trillion. You need to have a […]
It is only possible to trade currency through a reliable foreign exchange broker. It is illegal for private traders to participate in the market on their own. If a person wants to buy or sell currency, they are bound to require the assistance of brokers. A foreign exchange broker acts as a middleman, helping individuals […]
