Pro Trader

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Category - Basics of Forex Trading

History of the currency market

The history of the forex market started from Biblical times, when the so-called kollybistẻs exchanged money to passengers for a small fee. Subsequently, they were replaced by smiths jewelers. In...

What is FOREX trading

Forex stands for Foreign exchange market, also known as FX. The foreign exchange market, unlike the stock/capital market operates 24 hours, 5 days a week, every weekday of the year....

Why choose FOREX trading

You might be wondering should you trade Forex or Stocks. For a beginner trading with currency pairs looks boring as opposed to stocks or certain goods. The newbies find it...

How to trade Forex

In order to participate as a trader in the forex market you need to open an account with a broker and invest the desired amount. The minimum investment that most...

Different types of analysis

You already know what the objectives of every trader are. You know how to buy or sell, but how would you decide which side to choose, the bulls’ or the...

Types of traders

Different traders trade differently. This is how traders are categorized based on the time they keep their positions open. Scalpers Some of the participants in the market open and close...

Trading systems

Your trading system in general is the way you trade, the combination of analyses that you use, MM (money management), RR (risk reward, win/loss ratio), and the time horizon of...

Money Management

Money management is the principle of allocating a small portion of your account per position. Losses are an inevitable part of this business. There is no trader without losing positions....

Risk Reward (Win/Loss Ratio)

Win/loss ratio is crucial to your success when trading on the stock markets. You have the freedom to decide how much you can afford to lose and how much you...

The best time to trade Forex

The Forex market is open 24 hours a day, from Monday to Friday. When it is the best time to trade? It would be logical to look for the time...

How to choose a broker

In order to trade on the Forex market, you need an account with a broker that provides access to the interbank foreign exchange market – the place where currencies are...

Leverage

Foreign exchange rates move daily. These moves, however, are not particularly large. Generally speaking, a currency pair moves close to 100 pips a day. This is about one cent. Would...

Forex = Gambling?!?

People frequently compare trading the currency market (Forex) to gambling. To a certain extent, I understand their logic – every trader resorts to fundamental and technical analysis, enters positions and...

The losing position as your best friend

I suppose most of you already know, losing positions are a part of trading. I personally believe you have to learn how to loose, before you can learn how to...

Coping with losing trades

Some of you may definitely be having poor results with the recent unusual market moves. Many traders can collapse emotionally in these types of situations. There are usually two types...

Investment banks

There are different myths about “the big bad banks”. They are an excuse for lots of wanna be traders, to quit the dream of making a living from the markets....

Scalping

Scalpers usually aim to profit from several pips worth of moves. This is the reason why they trade with huge positions, compared to their account sizes. Bigger positions = bigger...

Options trading

Options are one of the most complicated financial instruments there is. They offer you the right, but not the obligation to buy or sell a given instrument at a given...