If you've been researching Forex trading, you might have seen the term 'Forex CFDs' at some point. There are two ways to trade Forex: using CFDs or spot Forex (also known as margin). Spot Forex involves buying and selling the actual currency. For example, you might purchase a certain amount of Pound Sterling for Euros, and then, once the value of the Pound increases, you may then exchange your Euros for Pounds again, receiving more money back compared with what you originally spent on the purchase.
hello Sir,what would be the best platform here in asia that allows minimum amount to create an account and what would that amount be. and what platform do you use. ive watch some youtube videos explaining same topic as yours but you know what, i cant understand them not like you, you explain it in a very simple way and friendly that is well to understand. Thank you
Forex hedging: Hedging is a risk management technique where a trader can offset potential losses by taking opposite positions in the market. In Forex, this can be done by taking two opposite positions on the same currency pair (e.g. by opening a long trade and a short trade on the GBP/USD currency pair), or by taking opposite positions on two correlated currencies.
Forex is the one financial market that never sleeps, meaning you can trade at all hours of the day (or night). Unlike the world's stock exchanges, which are located in physical trading rooms like the New York Stock Exchange or the London Stock Exchange, the Forex market is known as an 'Over-the-counter market' (or OTC). This means that the trades take place directly between the parties holding the currencies, rather than being managed via an exchange.
When learning about Forex trading, many beginners tend to focus on major currency pairs because of their daily volatility and tight spreads. But there are numerous other opportunities – from exotic FX pairs, to CFD trading opportunities on stocks, commodities, energy futures, to indices. There are even indices that track groups of indices, and you can trade them as well.
Indicators 24-Hour Trend Locator 24-Hour Trend Locator displays the one minute, five minute, 15 minute, 30 minute, one hour, and four hour trend on a chart. With a quick scan of the indicator you can see if the trend is up, down or sideways. Five commonly used technical indicators are used, independently, to determine the trend. So, the trend is derived five... $ 99 Details
The theory follows sequences of five waves, or five up and down price movements which are then countered by a corrective 3 wave pattern in the opposite direction. The 5 impulsive waves are with the trend, whereas the 3 corrective waves are counter trend. In an 'up' move, there will be three up waves (movements 1, 3 and 5) and two down waves (movements 2 and 4).
The app offers customisable live data on over 20,000 financial instruments, excellent charting for mobile and tablets and a real-time economic news calendar in 16 languages. You can also build your own algorithms and alerts within the app and synchronise them to your desktop. Overall, a great all-rounder from one of the biggest names in the business.
Market Trends is an automated trading analysis tools that constantly calculates trend strength based on 3 of the most popular indicators (EMA, RSI and Stochastic). Pivot point levels have also been added to make the analysis more accurate. Though only the most popular currency pairs are available (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY, EUR/CH), this is a simple yet powerful and well-designed tool for experienced traders.
It's important to consider whether a Forex broker and their trading platform will suit your trading style. For example, you might be interested in following a Forex scalping strategy, which involves making a high volume of small profits on small currency movements. In this case, you would need to ensure that any potential broker has minimum distance between the market price and your stop-loss and take-profit.
The FXCM Trading Station offers live executable forex exchange rates for over 56 currency pairs along with interactive candlestick, bar and line charts with multiple time ranges. It also offers built-in chart indicators, trend lines, Fibonacci and streaming market news and research. Again, there’s the option for opening a demo account if you wish to test the platform before you start trading.