Forex for Beginners
Forex for Beginners
Where does money in the Forex market come from?
This question some might find too embarrassing to ask and yet it is going around on forums and being asked by beginners. We thought we’d take the embarrassment out of it and answer it here for all beginners to benefit from without actually having to ask someone. The short version of the answer is: from the […]
Economics 101: What does Hawkish and Dovish mean?
The way economies function, and the impact inflation or economic growth has on the value of a currency are all key concepts if you are looking to trade currency as a long term career. In the spirit of learning and understanding the bigger picture we bring to you this piece on economic management as carried out […]
Identifying and Trading Support and Resistance Levels
The psychology behind support and resistance This has been discussed in another blog in detail but we will go over it quickly here. Resistance level shows that supply has exceeded demand. At that level there are too many sellers and not enough buyers. On the other hand, support level shows that demand has exceeded supply. At that level […]
The Beginner’s Guide to Supply and Demand in Forex
We hear the words supply and demand in trade and the retail world a lot. What do these terms mean, and especially when we use them in the context of forex trading? Who are the suppliers and who making these demands and why is there a sudden rise in demand of one currency as opposed to any […]
Understanding the Interbank Forex Market
More than 50% of the trading volume in Forex is contributed by the interbank market. This percentage and the talk that surrounds the participation of banks in the forex market are bound to make one wonder about this whole phenomenon. This piece will hopefully put some of the curiosity around the interbank market to rest. We are […]
Tips to Avoid Getting Scammed: Forex Trading
Forex trading is notorious for scams, there is no denying that. It’s because of these scams and frauds that you can find so many people who are looking to enter this market asking questions such as ‘Is forex trading real?’ ‘Is the currency market a scam?’ You can’t blame them for this however. There are […]
How small can a person start in Forex?
If you are just starting out in the forex market, you might be thinking ‘do I really need to go all in? The answer to that question is no, you don’t. In fact you are advised to not invest all your savings into one market before getting any experience. So then if you are not […]
What causes price moves in the forex market?
Forex market and its prices are a mystery to most new traders. Questions such as, ‘what causes currency prices to move?’, ‘who decides whether one currency should appreciate in value or depreciate?’ are common on forex trading forums. It is to answer these very questions that this piece is being written. So let’s get to […]
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Using the market trend to your advantage
You might have heard the phrase ‘the trend is your friend’. Well, this blog is basically us expanding on the why and how of this statement. The idea here is that a great strategy to make consistent profits in forex is to trade according to the trend. Here are a few tips that will hopefully help you […]
Price action scalping in Forex: Strategy for Beginners
We have discussed the 4 types of forex traders previously in blogs and in the Education section. In this blog we are focusing on the shortest term trading out of the four main types. We will be discussing scalping and how to trade currency on minute charts following the price action. Let’s start at the beginning. What […]