Forex trading from home has become one of the most popular ways to earn an income by stay-at-home men and women. An industry falsely associated with just men has proven to become more and more popular with women as well, who can take advantage of the ease of which it is to start online trading. It is a good way to increase your income successfully, and can be done from the comfort of your own home. What is Forex Trading and Who Can Do it? The online Forex market is basically a place where currency is traded. It is the…
Author: kent
kent
I'm Kent, and I've been a Forex trader and writer for the past 15 years. Working for the forex brokers, as well as a partner over the years have increased my knowledge to help You become a better educated trader.
Forex trading can be a great way to earn more money. Here are six tips to help you improve your forex trading skills and become a more successful trader. 5 Helpful Trading Tips 1. Learn How To Trade The more you know about trading, the better your chances are of being successful. It’s important to spend time improving your knowledge and trading skills. It will help you make better trading plans and improve your chance of long-term success on the market. Most forex brokers offer free educational resources such as webinars, e-books, and seminars. 2. Practice On A Demo Account…
An economic calendar is a forex trading tool which includes important financial information like consumer prices index, insurance rates, employment reports, non-farm payroll numbers, purchasing managers index, GDP reports, inflation reports, confidence data, and speeches by central banks. Forex traders use economic calendars to track market-fluctuating events by means of data research. By doing so, a forex trader can adequately anticipate when major movements will take place. Importance of an Economic Calendar to Forex Traders Economic news has a tendency of drastically affecting the forex market as a whole, and whether the financial market conditions are met or not, an…
Many people think that being a trader means you need to get in twelve hours of pure market action every day. But trading the markets doesn’t have to be your full-time job. That’s right. You can do other things too and still become a successful trader. To help you get a feel for what trading style might work for you, let’s look at some of the most popular ways of trading. Common Trading Styles Scalping Scalping is about high-frequency trading, and we’re talking minute-by-minute here. Traders who trade this way will scour the market non-stop looking for a quick profit.…
With so many brokers out there, it can be hard sometimes for new traders to know where to put their hard-earned money. Here are a few things to consider when deciding who to trade with. Minimum Deposits The first thing you need to decide is how much money you want to trade with. The amount of money you put in as your first-time deposit will determine to an extent which brokers you can open an account with, the trading conditions that will be available to you, and the level of trading and educational support you will get. You need to…
If you’re on our site, you’ve probably already come across ‘forex trading’ and are curious to see what opportunities it might hold in store for you. Before you start, it’s important to learn a little about what forex trading is and how it works. What is Forex Exactly? The word Forex is an abbreviation for ‘Foreign Exchange’ and refers to the exchange of one currency for another on the over-the-counter market (OTC market) for an agreed price. The average turnover is over 5.3 trillion USD a day, making it the most traded market in the world. Forex has no central exchange…
The forex market is active 24 hours for five days a week. However, certain trading times are more convenient than others. This is due to reasons such as; Some trading sessions are more active than others. Depending on your time zone, some trading sessions happen overnight. As a new trader, you might want to choose the most convenient trading time for you. Taking this into account, this article explains the best time to trade forex in Kenya. Forex Trading Sessions In Kenya Time – By City The forex market is usually broken up into four key trading sessions. These sessions…
AMarkets, an international broker providing access to financial markets, has increased the maximum leverage on major currency pairs to 1:3000. The change came into effect on all Accounts as of August, 2022 and is a result of the continuing development of relationships with liquidity providers. What Is Leverage? Leverage is essentially using borrowed money to increase your exposure in the market. For example, if you have a $1,000 account and you use 100:1 leverage, you can trade $100,000 worth of currency. The key benefit of leveraging is that it allows you to make a larger profit from a small move…
Like all online businesses, forex brokers need to find ways to make it easy for their customers to deposit and withdraw funds. To that end, many brokers now accept Paypal as a form of payment. In this blog post, we’ll take a look at the advantages of using Paypal to deposit and withdraw funds from a forex broker. Advantages of Using Paypal for Forex Deposits and Withdrawals There are several advantages of using Paypal to deposit and withdraw funds from a forex broker. Perhaps the most obvious advantage is that it is quick and easy to do. You can make…
M4Markets has made some exciting changes to its 50% Credit Bonus. What’s New? Up until now, the M4Markets forex bonus was not withdrawable and traders could only withdraw their profits. However, they’ve just updated their terms and you can now withdraw some of your credit bonus depending on the volume you have traded. How Does It Work With each lot you trade on a Standard Account, they will instantly transfer 2 units of currency and add them to your balance. With each lot you trade on a Raw Spread or a Premium Account, you will have 1 unit of currency…