7 Basic Tips to Minimize Forex Trading Risks

7 Basic Tips to Minimize Forex Trading Risks

Forex trading risks are very real; it's not a game. People looking to exchange currency simply as a means of excitement are in it for the wrong reasons. It is important to first understand the market, before you even entertain the thought of trading. Here are 7 basic tips to help get you started on the right foot ... 1. If you fail to plan, you plan to […] Read more »

The Principles of the Elliot Wave Indicator

The Pinciples of Elliot Wave Indicators

A way of trading in the foreign exchange market is to use the Elliot Wave Indicator. It allows the analysis of overall market activity for a certain period based on trends and market cycles; it is based on the characteristics of a 5-wave pattern. Especially if you are interested in observing price action, trading practices during highs and lows, and the general market behavior, the technical tool may […] Read more »

Why a Career as a Forex Trader May Not Be for You

Why a Career as a Forex Trader May Not Be for You

One of the biggest misconceptions about trading forex is that it represents easy money. After all, what could be easier than making money from your computer while sitting at home in your pajamas? But being a currency trader is more complex than it seems, and there are many things you need to consider before you decide to quit your day job and go into forex trading full-time. • […] Read more »

Do I Need an Online Forex Trading Platform?

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A forex trading platform is a tool that one can choose to use in forex trading. Yes, it is not required, and in fact, some traders choose not to seek membership for one. But a growing number of traders, experts, and intermediate alike have found the same to be worth the extra expense. This article will discuss the basics. Membership Fee Online forex platforms can be utilized for […] Read more »