Lately I’ve seen a growing number of people claiming in trading forums that the Martingale strategy is an ideal system that can guarantee you success in the long run. It’s the holy grail of trading strategies, so to speak. But what exactly is this strategy and is it really recommendable? What is the Martingale strategy? …
Read moreMartingale Systems (Strategies) Don’t Work in Forex (2021)
When trading, one of the best ways to learn and keep in the know is by connecting with like-minded traders. One issue that I myself have is knowing just where to look for those people, so I started looking for some sites where I would be able to connect and have discussions about the current …
It’s no secret that trading can be hard to understand. From learning basic trading terms, deciding whether to trade forex (currencies), futures, or stocks, along with considering that any wrong choice can cost you money. These reasons are enough to make any beginner trader rethink their decision. A good place to start looking for information …
Read moreBabypips review (2021) – A great starting point for Forex traders
The Australian dollar is the monetary currency in Australia issued by the Reserve Bank of Australia (RBA). In addition, the Australian dollar is also used as the official currency in several other places, namely, the island states of Kiribati, Nauru and Tuvalu. On the current ranking list of the globally most-traded currencies, the Australian dollar …
Read moreThe Australian Dollar (AUD) for Traders – Overview and Background (2021)
Many forex traders limit their trading activities to major currency pairs such as EUR/USD or GBP/USD, or also trade with other “majors” like USD/CHF, USD/JPY, AUD/USD, USD/CAD, and NZD/USD. But over and beyond this, there are also the so-called cross currency pairs or currency crosses, as they are occasionally referred to. Also known as crosses …
History of the Forex Market Traders love the forex or foreign exchange market for its great range of opportunities. Forex trading calls for sound previous knowledge and experience, though, as it is principally subject to a commensurate risk. But before going into the details of how forex trading works and its peculiarities, a short review …
Read moreWhat is Forex? A Comprehensive Overview for Beginners (2021)
Choosing a forex broker: Forex trading continues to be extremely popular. With a daily volume of $5.1 trillion, forex is the largest and most liquid market in the world. Even the largest debt market in the world, the US bond market, has a daily volume of “only” $456 billion. This explains the tremendous interest in …
Read moreForex Brokers – most important points to consider (2021)
To manage risk more effectively, it is important to know the pip value of each position in the currency of your trading account. In this article I would like to provide some information on the calculation of the pip value in forex trading. Forex traders are regularly faced with the question how to calculate the …