Psychological Preparation for Forex Trade

Every business requires a certain temperament and approach for success in that business. Forex Trade is no exception. You need to have a certain approach and temperament to survive in Forex Trade. Obviously, you need to have a specific personality and a certain lifestyle in order to be a successful Forex trader. Definitely all of you cannot have such personality and lifestyle. Perhaps that is the reason why newbie …

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The secret of Success in Forex Trade

Forex trading is the highlight of the financial markets. Central banks, corporations, financial firms, industrialists and experienced as well as amateur traders are trading on Forex. But all the traders do not earn heaps of profit. Like all other fields and departments of trade, it is not possible to earn profit without any hard work in Forex. Thus the traders who do not take it seriously lose their …

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Spread in Forex Trading

Brokers usually quote two different prices for a currency pair. The price of buying the currency is called ‘Ask’ price while the price of selling the currency is called ‘Bid’. The asking price is different from the bid price. The difference between the asking price and the bid price is called a ‘Spread’. Measuring a Spread It is very easy to measure a spread. The unit of measuring …

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Forex Orders and their types

Types of trade order

Traders place different types of Forex orders in Forex Trading. Forex trading involves different types of Forex orders. Here the question arises what is meant by an order? When you enter or exit a trade opportunity, it is called an order. Types of Trade Order Different brokers and agents prefer and accept different kinds of orders. Some widely accepted kinds of orders are: Market Order The order to …

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Capital and Leverage in Forex Trade

Capital and Leverage in Forex Trade

There are two main concepts of Forex trade that are often neglected by the traders i.e Capital and leverage. Capital for Forex trading There is a well-known myth about Forex trade is that it can make you millionaire overnight with just a little capital. Well frankly, it is definitely not true. Forex is not betting. You can conduct profitable trade once or twice by luck but in order …

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How can you Forex trade throughout the Day?

How can you Forex trade throughout the Day?

Forex or the Foreign Exchange Market is the greatest trade market in the world. The trade of Forex is greater than the trade of all other financial markets of the entire world. The daily trade of Forex of $5 trillion marks a distinguishable position in financial markets. As it has no central location, so you can trade by phone or internet. You don’t need to be at a …

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Demo Account in Forex Trading

Demo Account in Forex Trading

Traders all over the world are trading on Forex. They invest in the trade of currencies confidently and boldly try theirs in Forex trading. Although the number of traders dealing in currencies is growing day by day, yet at the same time, a new trader feels hesitation before investing money into something new. Obviously the rules and procedure arise questions in his mind. In such a case, Forex …

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