For forex new traders
Forex trading involves trading two currencies. The most popular currency pair is EUR/USD. The EUR is the base currency, and the USD is the counter currency. When trading currencies in forex, you buy one currency at a given price in exchange for another. The difference between the buy and sell prices is known as the…
Forex signals are suggestions for trading currency pairs, usually at a specific price or time. They may be generated by a human analyst or an automated Forex robot. Forex signal services provide these suggestions to subscribers of their service. These signals can help a person make decisions about which currency pairs to trade and when….
A forex bonus is a way to attract new customers, but they are not like gifts. Unlike gifts, forex bonuses do not build a broker’s reputation and are not effective in attracting new customers. Unreliable brokers may try to lure customers by offering gifts in exchange for deposits, but these gifts do not serve as…
Foreign exchange trading is a business that involves the purchase and sale of different currencies. The foreign exchange market is a decentralized, over-the-counter market where you buy and sell currencies at current prices. There are many different types of foreign exchange contracts. You can also engage in sniping and spread betting. Spreads One of the…
The 4X trading platform uses color psychology to complement its minimalist site design. Just like Facebook, the platform’s color scheme is meant to help traders concentrate and make better trading decisions. Compared to other on-line apps that are meant to hurl the user’s brain into a frenzy, the 4X platform uses colors that calm the…
Read More “4X Trading – The Difference Between Forex and OTC Trading” »
Forex trading is a complex and highly risky investment. For people just starting out, it can be difficult to know where to start. In this article, we’ll outline the most important things you need to know before you start forex trading, and provide a step-by-step guide that will walk you through the process. Forex Basics…
A Guide to Avoiding Forex Broker Scams It is reported that the forex market trades an average of 6.6million in a single day. With such money flowing in and out of an industry, it is bound to have a lot of scamming platforms out there. In Nigeria, the financial is over-saturated with a lot of…
A Guide to profit-making trading currencies “What do you think makes a good forex trader? Everyone is going to say if a trader is profitable. That is true to an extent. When a trader focuses only on making money from the market, getting into losses is inevitable”. Being a good forex trader matters a lot…
If you are a Nigerian looking to make it big with forex trading, here are 5 books every forex trader should read if you hope to succeed. The forex market is the most liquid financial marketplace on the planet. It’s a never-ending world that never sleeps. Every day, fiat currencies are traded against one another….
