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forex market participants

Who Are the Market Participants in Forex Trading

The forex market consists of major market participants that keep it functional. The goals of each participant can be very different from one another. Central banks, global investment banks, international corporations that finance cross-border investments, Fund Managers, and retail traders are some of the most important players in the market. In this short article, you … Read more

forex economic indicators

12 Economic Indicators All Forex Traders Need to Watch

Have you ever experienced that you were in a good position with a nice profit when the market suddenly became volatile, causing you to lose money? Have you only traded according to technical analysis and not even looked at the daily economic calendar? If so, then you should read this post carefully because it can … Read more

how to control trading emotions

8 Tips to Control Your Trading Emotions

Traders’ actions are largely driven by their emotions. And these trading emotions decide how successful the day is going to be for a trader, no matter what instrument they trade. For many traders, “money” is a distinct value that can trigger greed and euphoria, but also fear and pressure. The attraction of fast money leads … Read more

how to use moving average indicator

How to Use Moving Average Indicator

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

how to set stop loss

What is a Stop Loss and How to Set It Correctly

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

forex lot meaning

What is Forex Lot

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 explained

CFD Trading for Beginners (Complete Guide 2023)

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

channel trading indicators

Best Channel Trading Indicators for Price Action Trading

Channel trading indicators are a great way to look at the charts visually. A price channel is formed by two or more parallel lines. When the channel is drawn in a higher time frame, it usually works better. So, it is better to use these channel trading indicators in a higher time frame as there … Read more

forex drawdown

What is Drawdown in Forex Trading

Big profits always come with big risks. Therefore, traders must focus on capital management and risk control in order to maximize profits. Drawdown is an important way to measure this level of risk. So, what is drawdown in forex? What is acceptable drawdown in forex trading? This article will tell you everything you need to … Read more