Most industries generate income from the sale of goods and services. The exchange of an asset for money is a cornerstone of the economy. Forex works a little differently. Traders constantly buy and sell currencies and make money from market volatility. This business model requires special skills and a willingness to explore new things. This article is devoted to the essential concepts of FX trading and answers to what is bid and ask in Forex.
New Forex traders often tend to overcomplicate things. They delve into the hundreds of technical indicators and try to come up with a perfect strategy. Surely, most of them fail because there is no such thing as a perfect strategy. Trading is a series of iterations that allow you to improve consistently.
Forex attracts traders with its versatility and many opportunities. On the one hand, it can’t be absolutely predicted and “calculated.” There is always room for unforeseen circumstances. However, it is dependent on many factors that can be detected and analyzed. Forex signals help us to succeed in trading and make more profit. This review helps to understand what is Forex signal and explains how to use different types of signals.
Opening a trading account comes with a certain level of responsibility. Traders have to know the basics of market behavior, the functions of trading software, and plenty of terms and principles. Among all the terms, margin and free margin are those that can't be avoided. They can seem simple, but smart traders understand that the ratio of margin and free margin is an essential indicator and can greatly impact trading strategy.
Japanese candlestick charts are a very convenient way to represent price movements. They provide a lot of details for analysis and prediction. Today, most traders use these graphic patterns to enter the market, close the position, set stop-loss orders, and for many other reasons. Their simplicity made them a notable part of Forex's technical analysis.
Candlestick patterns are a relatively rare technical analysis tool. It has been used by merchants for over 200 years and is still extremely popular. Today, most stock, crypto, and Forex traders incorporate it into their working routines. The range of patterns has increased a lot during the last decades. If you combine them with other indicators and oscillators, you’ll get a powerful price prediction instrument.
Welcome to the ultimate Forex trading for beginners guide! If you are new to Forex trading or you want to learn more about Forex markets this article is exactly for you. Here you’ll learn answers to the most asked question among all the beginners - how to start Forex trading and to make first money on Forex? Well, let’s begin!
The Forex market is an extremely competitive field. Not only is it overwhelmingly complicated, but while trading, you are permanently exposed to some percentage of risk. Thus, it’s crucial to find that one broker you can trust and rely on for a fruitful partnership. To do so, it’s important to stick to some determined parameters, which are going to be fully revealed in this article.
Although stock trading has its specifics, it is also subject to market laws. We are talking about conjuncture, i.e. the ratio of supply and demand, as well as psychological factors. Relying on them, you can improve your trading strategies, increasing the level of profit. Let's find out what resistance and support in Forex are, how to identify them, and how to use them in trading.
Market volatility is one of the key concepts of Forex trading. It reflects the level of risk and profitability of operations, so it should never be overlooked. In this article, we will discuss volatility indicators that allow you to measure volatility levels in quantitative terms to make the right decisions and build an effective trading strategy.
Trends are the basis of most trading strategies. However, it is important to know not only their direction but also their strength to succeed. We will look at indicators that can help you in evaluating trends — momentum indicators Forex. From this article, you will learn how key metrics are calculated, how to use them in your strategies, and how to apply them for risk management.
Among numerous FX indicators, the Average True Range stands out. Its primary goal is to measure the instability of an asset’s price. It doesn't actually say anything about the vector of the trend but simply shows the level of fluctuations. The metric is used in trend strategies to assess the probability of a trend reversal and determine the moment the price exits the flat. It also serves to set stop loss and take profit orders and is used to estimate the width of the interval when trading using channel strategies. If you have any questions, the ATR indicator is explained in this article.
Most traders actively focus on the optimal moment for market entry. This is a really important skill that allows you to catch a trend and make good money. However, if you do not know how to exit positions, you risk losing a significant portion of your profits. Receiving stop and reversal signals is critical to setting smart stop losses. You can use traditional trading tools like moving averages, but they can force you to exit a trade too early when a curve makes sudden reversals or too late at the end of a new move. An interesting indicator that allows you to accurately track the behavior of the trend with an accuracy of one bar is Parabolic SAR (PSAR).
Obtaining high profits is the main driver of investors and traders when choosing assets for trading. That is why assessing the profitability of each asset is one of the first tasks that a trader must complete. Of course, the expected gains depend not only on the potential inherent in each of the assets but also on the trader’s willingness to pay attention to mastering technical and fundamental analysis, the time they are willing to devote to studying analytical reports and monitoring markets, etc. But there is still some underlying difference between Forex and stocks, which may influence your choice. Read the article to understand the advantages of Forex trading vs stock trading and determine which markets you are more inclined to trade on.
Forex Robots Blog
Welcome to ForexStore Blog! As we try our best to produce the best Forex robots, we understand how important it is to have ears and eyes wide open to world trends and news. To be a good trader means more than just following all the rules of trading. It also requires attention to the things that happen in the world’s economy and politics as well as awareness of the new trading systems that are being put out every day. It’s important to be in touch with other traders and share the experience we’ve gained trading both manually or with the help of EAs.
ForexStore is not just an automated trading systems market. We want it to be more than just this. Our dream is to make our store a platform that would unite traders all over the world, giving them the most useful and practical tools for efficient trading. We want our customers to be satisfied not only by our products but also with supportive materials, forex news, and useful articles just about everything you might need to know.
This page of our site was created for this exact reason. Here you will find a news block where we publish only the most important latest news from the world of forex and automated trading systems as well as the important world economy and political news that has an impact on trading. Also here you will find news about updates and changes on the site. Our team works hard to present all the best features you need for the comfort profitable trading and as the site develops, we will definitely notify our users and guests about changes and improvements.
Besides, to help our visitors to get acquainted with the best Forex robots on ForexStore in our blog you will find overviews on the highly-rated according to our rating system robots. If you’re not aware of how the rating works you can read on the rating page. More detailed article about the site rating system and its algorithm you can read here.
In addition, on this page, you can also find informative articles about different aspects of trading including useful tips for your trading, trader’s life hacks, stories, and more. It will be interesting not only for newbie traders but also for those who have already gone some way in Forex trading but still longing to develop. Because the world doesn’t stay the same as it was before and the field of trading methods, strategies and tips expend every day.
We hope that our work helps you to achieve maximum results so we do not get tired to develop and move forward. If you have any kind of feedback about our work that you would like to share with us, feel free to contact us. We would love to hear from you because it helps us to develop.
If you have any questions or suggestions about how to improve our website, feel free to contact us. Our support team will be glad to answer your questions and will provide you with the best possible help. If you are a developer or vendor and you want to share your products of ForexStore, here you can find more information about how to release your EA’s or trading signals on our store.
We’re glad to have you on board!