In my opinion, there is no key strategy every trader can adapt to be successful and profitable when they trade Foreign Exchange because every strategy will be used slightly differently with every trader. I suggest going through all the strategies in your demo account, and really exhaust all options your brokerage company has given you access to. You want to make sure you feel confident when using your strategy and make sure you use it in the market and it comes naturally and easily.
Forex signals are typically offered by broker company’s, (in my case, that’s The Apiary Fund) professional traders, etc. There are quite a few advantages when it comes to using trading signals, and one of them right off the bat is you don’t need to worry about monitoring the market for entry and exit points. You will also get far better trading results in way less time.
Overnight positions are trading positions that are not closed by the end of the traders trading day. They're then held open for trading to proceed the following day. Overnight positions expose the traders to risk from adverse movements happening when trading closes for the night.
When you get into trading Forex, it’s really hard not to imagine what your future will look like as a professional long-term trader. But it is possible to trade Forex for long-term and make a lot of money when you're taking your education and journey seriously.
One of the most common questions when people start trading is “What Are the Best Indicators That You Should Start Trading?” The answer primarily varies on what type of trading you’ll be doing, what time frame you’ll be trading, and a lot more factors as well. Overall, however, there are a few indicators that are best to start with to work up to other indicators that may increase your overall profitability and trading in the long run. Depending on your end goal and your analytical mindset in the markets, you may needn’t ever switch from some of the good ol’ basic indicators to outperform the trading competition.
If you think about it, banks control almost every dollar that is spent in the world. Cash is a dying payment method being replaced with the tap of a phone, swipe of a magnet, and push of a button on an app Each of those pulls the money from your bank and puts it into someone else's. Even on payday, unless you’re working under the table for a nice cash gig or serving food for tips, your main income is a paycheck you put in the bank or an electronic transfer of funds. But, what do banks have to do with FOREX?
By Brigette Dumas
Have you ever been trading around 5 PM eastern time and had your platform freeze up? Or have you triggered stop losses due to astronomical spreads? Welcome to daily maintenance!! Daily maintenance is something every trader has probably experienced, even if they may not have realized it. If you trade for Apiary, it is at 5:00-5:09 PM Eastern Time. And if you've never looked like the guy below during that time, you're one of the luck ones...
"Today, the Fed is the star-rushing the field with new and exotic games of finance: Quantitative Easing, the Greenspan Put, and entirely possible Negative Interest Rates in the future. All this because the executive and legislative branches seem unwilling to take responsibility for the budget." -Shawn Lucas