A spread in forex trading is something that you may come across. You may find that a lot of forex brokers talk about forex spreads. Even when you look around to various trading forums, you will find traders discussing about the spreads on the different currency pairs. So what exactly is a spread in forex trading and why is...
Continue reading...Learn
A beginners guide to understanding market index
Market index in finance measures the performance of a portfolio of companies or assets in its holdings. They are also known as a benchmark index. Depending on the type of the financial asset a market index tracks, they can be classified into categories. The major market indexes are managed by companies such as Dow Jones, Standard&Poors’, MSCI, FTSE Russell...
Continue reading...Forex Backtesting vs. Forward testing – What are the differences?
Testing your forex trading strategies is an important step before you use it in the real markets. Professional forex traders seldom use a trading strategy without properly testing it. And no, it is not just trading with the strategy on a demo account. Backtesting in forex is very important that will really show you how good your trading system...
Continue reading...I used to like Candlesticks but I Prefer Renko Bars
Having spent enough time trading with the regular Candlestick charts, I have now grown to prefer trading with renko bars. In most of my articles, we were looking at the different ways you could display the raw data of the stock price or the forex currency pair of the futures instrument. Just about everyone knows how to use candlestick...
Continue reading...Trading during high volatility
High volatility is one of the three elements a forex trader needs to profit in the forex market. A trader also needs a profitable trading strategy and one that is successful over a long period of time. The trading strategy should also works in different market conditions. Secondly, the trader should have a clear risk management method. Both of...
Continue reading...
