Let’s start off with a question. What is the most commonly used technical indicator in forex trading? Even fundamental analysts use this indicator on daily basis. No need to think too far; the answer is the moving average indicator. The Moving Average (or simply MA) is probably one of the first forex indicators you learned. … Read more
Today you will learn how to set stop loss correctly using support and resistance levels, trend lines, moving averages, and Average True Range. In addition, you will also learn about trailing stop losses. What is a Stop Loss? A stop loss is an important tool to protect your trading account. It limits the amount you … Read more
Every new forex trader who enters the market must know what a forex lot is. Trading with incorrect lot sizes can drain your trading account very quickly. Therefore, it is important to understand the concept of a lot. How does it work? How can it affect a transaction? This article contains the answers to these … Read more
CFD trading has become increasingly popular over the past 10 to 15 years. This is mostly due to the fact that they are simple to understand and provide traders with the opportunity to make large returns with a small deposit. Table of Contents • What is CFD Trading? • Benefits of CFD Trading • How … Read more