The calculations in forex trading are actually quite simple and easy to understand. For ease of reference, you can use the following cheat sheet to make all your calculations. In fact, in today’s currency trading platforms, most of them would have a clean and concise calculations table to show you all your trades as well [...]
Forex Trading Mechanics
Understanding the Mechanics of Trading with Forex As a trader, you need to understand the mechanics of forex trading. By that, we mean the type of buy/sell orders you can make. Order Types Basic Order Types 1. Market Orders When you make a market order, you are transacting at the current market price. There is [...]
Forex Trading Scam – 9 Warning Signs
The CFTC lists 9 warning signs for foreign exchange trading fraud: 1. Stay away from opportunities that seem too good to be true Always remember that there is no such thing as a “free lunch.” Be especially cautious if you have acquired a large sum of cash recently and are looking for a safe investment [...]
Forex Trading Broker Policies
It is important for you to read and get familiar with the forex trading broker policies of each service you are opening account with. Here, we break down the policies into various common topics to understand which are more crucial to us. 1. Currency Pairs Available Before you open an account with the broker, check [...]
