There are approximately 2,800+ stocks listed on the New York Stock exchange. Another 3,300+ are listed on the NASDAQ. Which one will you trade? Got the time to stay on top of so many companies? With forex, there are dozens of currencies traded, but the majority of market players trade the seven major pairs. …
There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are choosing this market: No commissions No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail forex brokers are compensated for their services through something called the “spread“. No fixed lot size In…
At the end of World War II, the whole world was experiencing so much chaos that the major Western governments felt the need to create a system to stabilize the global economy. Known as the “Bretton Woods System,” the agreement set the exchange rate of the US dollar against gold. Which allowed all other currencies to…
Now that you know the overall structure of the forex market, let’s delve in a little deeper to find out who exactly these people on the ladder are. It is essential for you that you understand the nature of the spot forex market and who are the main forex market players. Until the late 1990s,…
For the sake of comparison, let us first examine a market that most folks are probably very familiar with: the stock market. This is how the structure of the stock market looks like: By its very nature, the stock market tends to be very monopolistic. There is only one entity, one specialist that controls prices. …
So now we know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show more movement. Know the best days of the week to trade forex. Below is a chart of the average pip range for the…
Quick pop quiz! What time of the day are TV ratings highest? If you said during prime time, then you would be correct! What does this have to do with trading sessions? Well, just like TV, “ratings” (a.k.a. liquidity) are at their highest when there are more people participating in the markets. So when is the…
Now that you know what forex is, why you should trade it, and who makes up the forex market, it’s about time you learned when you can trade. It’s time to learn about the different forex trading sessions. Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. You can make money trading…
Before we go any further, we are going to be 100% honest with you and tell you the following before you consider trading currencies: 1. All forex traders, and we do mean ALL traders, LOSE money on some trades. Ninety percent of traders lose money, largely due to lack of planning, training, discipline, not having…
You can open a demo account for FREE with most forex brokers. These “pretend” accounts have most of the capabilities of a “real” account. But why is it free? It’s because the broker wants you to learn the ins and outs of their trading platform, and have a good time trading without risk, so you’ll fall in…