Practice with a Demo account, should you try?

Practice with a Demo Account, should you try? Forex trading is all about practice. You can practice with a demo account. The more you trade, the more you become a professional Forex trader. If you trade efficiently for a longer period then it sharps your trading skills. The trading skill improves as you face more and more trading hardships and trials. Demo account can be a very helpful …

Read morePractice with a Demo account, should you try?

Ready to Dive in Forex Trading

Ready to Dive in Forex Trading: Millions of traders are ready to dive in the exciting arena of Forex trading. Forex account is an entry pass for entering into the exciting world of Forex trading. Every passing moment is increasing its importance for the success and prosperity of economy. Its attractiveness is multiplying as more and more investors are investing in it. If you are interested in this …

Read moreReady to Dive in Forex Trading

Tilt and Forex trading

Tilt is a term that is used in poker. But we cannot use this term of tilt and Forex trading together or else you are bound to suffer loss in trade of currencies. In poker tilt is a state when emotions dominate a player, he starts to trade irrationally to earn his lost money. Obviously if you take such a reckless decision, definitely it will lead you to …

Read moreTilt and Forex trading

Why do traders prefer Bar Chart?

Why do traders prefer Bar chart? Nowadays every Forex trader is familiar with Bar charts. Bar chart is a kind of Forex charts. Charts are a part and parcel of Forex trading. The ability to effectively read Forex charts is a key to success in Forex trading.  Forex chart is just a map that leads to profit in the treasure hunt of Forex trading. You can easily have …

Read moreWhy do traders prefer Bar Chart?

How to Read a Forex Chart

  One of the essential factors for earning profit in Forex Trading is the ability to read a Forex Chart. Most of the newbies lose their entire trading account in just a few days. After losing their money, they wonder what went wrong? One of the most common reasons of losing is blindly following the trading strategy. They often search for a strategy on internet. For example you …

Read moreHow to Read a Forex Chart

Why people prefer Forex Trading?

Everyone all over the world is appraising Forex Trading. Why people prefer Forex trading and are blindly investing their hard earned money in Forex trading? Well if you are wondering the same the same question then you are at the right spot. Let’s analyze the strengths of Forex market which make it the most widely traded financial market. First First, when you plan to trade currencies the first …

Read moreWhy people prefer Forex Trading?

Trend and Indicators and Price movement

Trend: The Directional price movement of a currency is called a Trend. The traders and investors always pay much attention to the trend of a currency. Kinds of Trend: There are three kinds of trends: Bullish Trend Bearish trend Flat Bullish trend: When the price of a certain currency increases, it is called bullish trend. As the name suggests, it is a market condition dominated by bulls. Bearish …

Read moreTrend and Indicators and Price movement

Oscillators pattern and Reversal

oscillators pattern

Oscillators and Reversal: Oscillators pattern reflect that the momentum of trade is slow. Uptrend: If the Oscillators pattern is formed during an uptrend, it has different meaning and reflects the number of buyers in the market while if this pattern is formed during the downtrend, it has opposite meaning as it shows the number of sellers who are interested in trade at that time. During an uptrend in …

Read moreOscillators pattern and Reversal

Shooting Star and How to Use it in Forex Trading

shooting star

Shooting star is one of the renowned Japanese single candlestick patterns used in forex trading.Like all other single candlestick patterns, It also indicates a reversal and total change in the price of a currency. Nature: The Shooting star pattern is formed when the price of a currency has increased and still continues to increase. Then the formation of pattern indicates that the price of that currency is soon …

Read moreShooting Star and How to Use it in Forex Trading

What is hanging man?How to use it in forecasting?

hanging man

Hanging Man is a candlestick pattern that has a single candlestick. It is formed during an uptrend. This indicator reflects that the price is increasing continuously. Therefore you can expect that a reversal in the direction of the price movement is soon going to happen. It is just like a warning sign that indicates that buyers are not interested to trade right now. The forex market is dominated …

Read moreWhat is hanging man?How to use it in forecasting?