There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry. At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
Are you a new trader? If so, congratulations on taking your first steps into the world of Forex. As you begin your foray into trading and investing, most of your capital will be relatively small
Many indicators are available to identify if a market is trending, ranging from simple moving averages to more complex statistical models. However, not all price action fits neatly into neat uptrends or downtrends. This is what makes the most effective trading strategies the most complicated.
The financial markets are truly a battle of emotions. Traders will find it hard to succeed when they let fear, anger, and other feelings get the better of them. That’s why trading psychology is crucial in the world of Forex.
Within the world of investing, nothing will impact the markets more than the actions and words of central bankers. Each action and word uttered by Federal Reserve officials gets dissected to find out clues about future monetary policies. This article takes you step-by-step through how to trade during the FOMC meeting, what to expect from it, and how to profit from that associated volatility.
Many people think of the Forex Market when it comes to investing in new opportunities to make a side income. However, there is still one question that both beginners and expert traders have in mind: Who controls it? Read on and find the answer here!
Being an investor means that you have to take care of many details. However, there are specific dangers that you may not be aware of. Unfortunately, chart manipulation is one of them. Here you can understand what it is and discover things you can do to avoid suffering due to some brokers' unethical behavior.
Forex trading is speculating on currency prices to make a profit. Currencies are traded in pairs meaning exchanging one for another. A trader speculates whether the value of a currency will rise or fall against another.
If you're in the trading world, you've probably heard about the 'major' pairs. However, when you're a beginner, you don't understand all this industry's intricacies. Fortunately, this article explains what you must know about the eight pairs.
The first thing that a novice trader finds unusual when initially using the MetaTrader 4 platform is calculating pip values and converting them to dollars. In general, we gauge performance in terms of percentage gains or cash. Here’s what you need to know about counting pips on MT4:
Ethereum is arguably the world’s most popular blockchain, surpassing Bitcoin in transactions last year for the first time in history. Ethereum’s native token (ETH) is the most widely held and traded altcoin, with over 5.5 million active addresses accounting for over 1.1 transactions each day.
Clearing refers to the process each financial transaction undergoes. In banking, it is the transfer of funds from one account to another via a clearing bank. In finance, clearing is the exchange of capital for securities through a clearing house or clearing broker. Clearing ensures the seller has the securities and receives funds, and the buyer has sufficient funds and receives the purchased securities.
A candlestick chart forms the backbone of technical analysis and remains a cornerstone of many analysts. It includes crucial price action data and displays it in easy-to-read candlesticks. They are colored price bars that allow skilled traders to derive essential information about the potential direction of an asset. Candlestick patterns offer reliable and time-tested signals and insights about price action. Given the fast-paced nature of financial markets, the more data analysts can get within a short time, the more efficient the portfolio output.
A coincident indicator is a quantitative economic indicator that fluctuates (more or less) in lockstep with the overall state of the economy. Hence, it represents the economy's current state. At the same time, it is important to note that coincident indicators do not always reflect existing situations due to collection and reporting lags. Factory output, manufacturing, and trade sales growth, as well as household income, are some of the coincident indicators.
The Chicago Mercantile Exchange (CME), sometimes referred to as the Chicago Merc, is a regulated futures and options exchange, the largest of its kind in the world. Agro, fuel, market index, Forex, interest rates, precious metals, housing, and even meteorology are among the industries in which the CME trades futures and, in most instances, options.
Closing purchase is a transaction where a trader or an investor intends to reduce or close a particular financial instrument. It is popularly known as “buy to close” among traders, especially option traders.
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