Foreign exchange markets, or Forex in short (many times abbreviated to just FX market), is the largest decentralised market for the foreign exchange trading of foreign currency pairs with an average daily trading volume of over $5 trillion.
The Forex market is the most liquid financial market in the world, by far! But numbers speak louder than words. Well, in the Forex market anyway so let’s compare it to some of the other biggest markets worldwide: Stock market, Futures market, Equities and Cryptocurrencies.
Peanuts! We say, Forex and currency traders all the way!
Exchange rates, national currencies, pips, leverage, market participants, different currency trading styles – our globally recognized experts cover it all!
The Non-Farm Payroll report, or NFP in short, is one of the most important Forex events that takes place every month and is a key economic indicator for the US economy.
And when we say it is a big event, we mean it! The NFP report generally causes huge movements in Forex markets and let me tell you – you don’t want to miss this one.
Every month, our globally recognised trading coaches stream live as the NFP release unfolds in front of thousands of traders in the Trading Room.
Support and resistance are the backbones of technical analysis and by far one of the most widely used tools in Forex – no question about that!
Our experienced trading coaches with over 55 years of experience combined have now developed an advanced Support & Resistance Expert Advisor for MetaTrader 4. It has been designed to help those who trade Forex with an active Forex Signals membership to automatically spot the levels that may serve as Support and Resistance and draw them on the charts as horizontal lines.
It’s time you made your life easier for yourself too! Don’t you think?
Backtesting is described as an act of simulating the process of trading Forex whilst using a set of rules over previous price data, to see how much money would have been made (or lost) if the trader had followed the same strategy.
Now, did you know that 78% percent out of all traders who don’t backtest, fail?
Backtesting is described as an act of simulating the process of trading Forex whilst using a set of rules over previous price data, to see how much money would have been made (or lost) if the trader had followed the same strategy.
Now, did you know that 78% percent out of all traders who don’t backtest, fail?
With that said, calling backtesting anything less than crucial would be an understatement.
It is only through backtesting, one can learn the ins and outs of their strategy and find out which strategies are profitable and eliminate those designed to fail. And at the end of the (trading) day, nobody wants to be chasing shadows in the market!
As gutted as I am writing this, there is no magic button that turns your trades into millions of dollars. There is also about a 0.000000001% chance you will earn sky-high figures and become a millionaire in just a single trading day if you follow the advice or online courses of some self-called guru you found online.
Even if some shiny ‘best forex websites’ promise you a profit worth thousands of pots of gold with ‘no risk’, remember, there is no such thing and it is anything but a good idea to sign up for these.
Forex scams have been around for a VERY long time and take many different forms. Let our trading coaches teach you all about different types of scams out there, how to prepare yourself and what to do if you become a victim of one at some point in your Forex trading journey.