Browsing CategoryForex

Day Traders and Free Chat Rooms

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Day trading is an excellent way to get on the road to financial independence and boost you out of a terrible, gray-cubed soaked day job. But lots of day traders lose money on their first forays into the market. Not all of them had a free chat room to rely on as a boost to their day trading education. And while the trend in the day trading education industry is moving away from completely free chat rooms to super-discounted chat previews, the value is still there. Free chat rooms are an excellent way for day traders to get involved in…

How to Choose the Right Forex Broker for You

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The forex market is active 24-hours a day, 6-days a week and is the most liquid capital market. Currency pairs are traded around the clock and provides traders with an opportunity to speculate, as well as allows corporate treasurers and portfolio managers with a marketplace to hedge their currency exposure. While there are plenty of opportunities to make money, you need to find a forex broker who will act as your partner in assisting you through the maze of daily trading activity. Choosing a Forex Broker The first step in determining the right broker for you is determining your needs…

5 lesser-known, fail-safe trading strategies 

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Similar to trading stocks, currencies and commodities, binary options traders must learn the use of certain trading strategies to turn the odds on their favour and gain profits in the long term. There are different trading strategies available based on the use of technical analysis as well as fundamental analysis of the underlying assets. While every investor follows his individualstyle of trading, it’s important to choose a strategy which suits his style and trading skills. While some strategies are based on the market news and investor sentiment, some apply the use of statistical market data and technical analysis tools. Breakout…

Foreign Exchange Economic Calendar

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With the constant fluctuations of the currency market, proper analysis of the foreign exchange market is paramount as it gives you an upper hand as a trader the ability to know the losing and gaining currencies. The foreign exchange economic calendar provides up-to-date and real-time results of the winning and losing currencies. For example, as at 6th October according to Daily FX, the SPX500 is up by a volatility percentage of 28% which is the highest while JPN225 is down by 45% which is the lowest. The economic calendar updates fast and covers all relevant events that may arise within…

What is Technical Analysis?

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Photo by CC user Kbrose on Wikimedia Commons. Technical analysis is the examination of historical price action which is based on the theory that all the available information is reflected in the current price of a security. Those who use technical analysis believe that this type of analysis can assist in the process of predicting future changes in the price of the security. Daily fluctuations in the price a currency pair or a stock, reflect changes in human psychology, and represent the fear and greed of market participants. The study of technical analysis ranges from finding areas of robust demand and…