When starting FX (foreign exchange margin trading), the first thing to pay attention to is the spread. Although the spread may seem like a small difference, it has a major impact on profit and loss as the number of trades increases. This is especially important for short-term traders such as scalpers and day traders.
In FX trading, the ability to “read charts” is one of the essential skills for making profits. By visually understanding price movements, traders can grasp market trends and make more rational trading decisions. This article explains the basics of how to read charts and introduces representative analysis methods and chart patterns that even beginners can easily understand.
Forex (FX) trading offers a major advantage: it’s open 24 hours a day. However, just because you can trade anytime doesn’t mean every hour is equally profitable. Understanding when the market is most active—and when to avoid trading—can help you make smarter, more efficient trades.
If you ask any seasoned trader, they will say that interest rates are the heartbeat of the forex market. That’s because they influence nearly every aspect of currency trading – from massive global capital flows to the day-to-day central bank decisions. In this piece, we will explore why interest rates are the most powerful force in forex, and how even a small change can have a ripple effect on currencies.
One of the most popular FX trading strategies is day trading. FX day trading is a short-term trading style where positions are opened and closed within the same day. This article clearly explains the basic mechanism of FX day trading.