Risk management is the most crucial step in trading because if you don’t manage the risks, you cannot make a profit and the trading won’t go as smoothly as expected. Risk management in trading involves spreading your trade across the industry to minimize the potential loss. It leaves enough of your trading funds to recover…
For many years, MetaTrader 4 and MetaTrader 5 have dominated the FX trading world as premier choices for brokerages, delivering a package of functionality and tools that suit each individual: from newbies to pros. However, with the changes in policies followed by tighter regulations recently from MetaQuotes, many are now finding the best MetaTrader alternatives…
MetaTrader 4 (MT4), is a globally known trading platform which is created by MetaQuotes in 2005. It is Globally utilized for forex trading. Along with this, it is also flexible enough for handling trading in indices and commodities through CFDs. MT4 forex trading platform is popular and favored by traders for two main reasons. Firstly,…
A commodity is a primary or basic good used to make the final goods and is interchangeable in commerce. Grain, gold, silver, oil, and natural gas are all examples of commodities. Commodities in forex can be an essential tool for investors to diversify their portfolios. When commodities are traded on an exchange, they must also…
A proper knowledge of basic Forex terminologies is a must to handle the complexity of Forex trading. The world of forex is never in fixed nature, it always has opportunities that constantly change. This makes novice traders nervous at the beginning of their trading journey. Mastery of market language is essential to successfully maneuvering this…
Trading platforms integrate the technology behind trading, buying, and selling, providing market participants with direct access to electronic communication networks via intermediaries such as online brokers. Many of these brokers offer trading platforms either free or at a discount in exchange for maintaining an account balance and/or order activity levels. The very best of the…
Algorithmic trading, also called automated, or algo-trading, makes use of computer programs for the execution of trades that are constructed on a prearranged set of rules and instructions, or algorithms. Factors like timing, price, quantity, and mathematical models are considered in these algorithms or procedures that help to enable trade execution at the speed and…
In Forex trading, currency pairs are the price quotes between two different currencies within the Forex (foreign exchange) market. The first mentioned currency is known as base currency and the second currency is the quote currency. The forex currency pair compares the value of base and quote currency. It shows how much quote currency is…
