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.
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AI trading signals are the latest hype across the retail trading sector, especially among beginners, with DeepSeek and OpenAI the core buzzwords, but how reliable are they? Before considering using AI trading signals, traders should understand that there is no substitute for learning how to trade, as it will allow traders to spot fake signals, inaccurate signal providers, and scams. Read my short overview of AI trading signals and find out what to look for when considering them for your portfolio.
When I started day trading cryptocurrencies in 2022, I immediately had to incorporate key ideas and trading strategies to be successful.
Forex trading bots have existed for decades since retail Forex trading appeared in the early 2000s. They’ve helped hundreds of thousands of traders implement automated strategies they might not have been able to trade manually. Until now, developing a trading bot required specialized knowledge and programming skills, plus a lot of time to test it.
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NZD/USD nears key resistance at 0.5774–0.5804 ahead of the RBNZ’s expected 50 bp rate cut, with long-term bearish pressure limiting upside potential.
I never thought I’d write an article asking whether Bitcoin could replace gold. That fact is a sign of newer times. Bitcoin and gold could not be more different - gold reaches back to the history books, while Bitcoin is futuristic. However, with BTC’s current value and acceptance, comparing gold and Bitcoin has become a legitimate line of inquiry.
Forex grid trading does not try to predict market direction like traditional trading strategies do. Instead, it is a system of placing pending buy and sell orders around the current market price to take advantage of continuous price movements. Forex grid trading is easy to learn, and the strategy can be active in any market.
The ongoing popularity of Forex trading, which is quickly approaching $10 trillion in daily turnover, offers life-changing opportunities to tens of millions of Forex traders globally. The low capital requirements, ease of access, and 24/5 nature of the Forex market attract tens of thousands of new Forex traders monthly.
Price action uses the price chart, meaning it does not use lagging technical indicators or fundamentals, making it the purest form of technical trading. All traders should understand price action trading because it’s the foundation for understanding what the market is doing.
Leverage is a core component of successful trading, but simultaneously, it ranks among the most misunderstood and misused concepts. Since MT4 is the industry-leading Forex trading platform, I have created a step-by-step guide on how traders can check and change leverage on MT4.
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Leverage allows individuals to trade large amounts of currency with less capital. All Forex brokers offer leverage to their customers to trade Forex, and it’s not an understatement to say that the Forex industry is built on leverage.
Commodities are one of the world’s oldest markets and part of today's modern financial system. Commodity trading will always exist because commodities are essential to making the products we all use. Nearly every retail broker worldwide offers clients access to multiple tradeable commodities. Muslims wanting to trade commodities must consider the best way to do so that aligns with their faith and Shariah law.
Day trading has become one of the most popular ways of trading, and much of the trading industry advertises it as a way to make a fortune or earn a living. However, as all Muslims know, just because something is legal or popular in a country does not make it Halal!
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Sign up to get the latest market updates and free signals directly to your inbox.If you have considered taking a prop firm challenge, you may have encountered “prop firm passing services,” which claim to fast-track traders through the crucial evaluation or “challenge” phase of getting a funded account with a prop firm.
In short, modern proprietary trading firms (called “prop firms” for short) give capital to any trader who can prove they are profitable. Traders do not need a minimum number of years of experience, specific qualifications or to be in a certain location when trading. People applying to prop firms come from all backgrounds, ages, and parts of the world. Modern prop firms have helped thousands of traders make enough money to turn trading from a hobby into a profession.
Are you in the UK looking to earn money in Forex? Well, I believe the UK is the best spot for Forex trading. Why? It is one of the world’s Forex capitals, with an active Forex industry offering many jobs, and the UK’s time zone is ideal for capturing trading opportunities in the most liquid Forex sessions.