I have been trading cross pairs including the ones you’ve mentioned with coinexx. Spreads remain mostly tight, not as tight as in major pairs, but good enough for me. Make sure to choose the right session to get the best spreads.
Drawdowns describe the likely survivability of your system over the long run. A large drawdown puts an investor in an untenable position. When you lose money on trades, you have what is known as a drawdown. One of the most important and valuable tips you'll hear is to set a stop-loss or for...
Moving Average (MA), Bollinger Bands, Average True Range (ATR), Moving average convergence/divergence or MACD, Fibonacci, Relative Strength Index (RSI), Pivot Point, and Stochastic are the top 10 indicators used in forex trading. Traders use the Relative Strength Index to identify overbought and...
Forex is indeed a very great way to make money. It can seem a little difficult in the beginning but with time and consistency, you will find it not only easy but also a very useful and great money making path.
Forex market involves plenty of concepts that you need to study and master if you wish to achieve success, and that can take time. Understanding the concepts alone won’t suffice, you will have to practice them in a demo account as well. Also, you need to remain calm, patient and focussed on the...
Hey there, welcome to the community. I will be looking forward to hearing trading tips from you and especially some insider stories of working with a finance company.
Size of the position determines the number of units a trader can purchase or sell. By determining this trader can calculate his risks and rewards to minimise the risks and maximise rewards.
That’s right! Fundamental analysis is indeed important to predict the movement of a certain currency. Fundamental analysis includes determining political, social, and economic events of a particular country and their impact on its currency. Technical analysis also tends to work better if the...
A lucrative field like forex trading won’t just attract genuine traders but lots of bad elements as well. Forex frauds happen with those people who wish to become rich overnight, without doing any hard work. Forex trading requires knowledge and practice, plus there is no shortcut in forex...
For me a pro trader is one who is fearless while making trades and has established a good understanding of the market. His number of won trades are much more than the lost trades.
To check a broker's reputation it is good to read online reviews but it should be taken with a grain of salt unless you haven't personally tested the broker. I've also noticed that customer support also tells you a lot whether you should choose a broker or not. I contacted coinexx a number of...
It is very important for a trader to understand indicators as they are more precise and do not involve any psychological factor.
Though I do not use RSI, it is a strong indicator. I prefer using SMA indicators.
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