Category: GeneralInfo

Many of the Forex starters wonder how the broker limits loss from higher leverages in case of negative trades. Here is a simple explanation about it: Say, you open an account with $100 USD and Say, you choose the leverage ratio as 1:100 which yields to $10,000 of tradable amount. (i.e., your actual money multiplied by the ratio of leverage, which in this example is $100*100= $10,000) and Say, you place a trade for $10,000 lot. At start of your trade your trade worth remains as $10,000 If trade moves in unfavorable direction, you will see your Net account balance […]

Below are some of the factors to be considered while choosing best platform for forex trading first and foremost is to have ability to test your strategies in a demo account (lifetime validity) as close to as real account free account opening balance (fxmicro offers a micro account with free $50 dollar balance) less swap and trade charges webtrader (for roaming users) and metatrader (for resident traders) interfaces rich options for interface customizations like color scheme, free hand lines, showing trading history, a full range of forex indicators ability to login to the account even on weekends quick live chat […]

Below are few simple and very important tips to be followed in forex trading.. Watch and move with the price Know and follow the trend as “Trend is your Friend” Change along with the Trend direction and keep in sync with a higher trend direction (i.e. be in sync #2 hours trend in case you are following 30 mins or lesser trend) Don’t plot and/or follow multiple strategies The best and simple is to follow the trend line in conjunction with moving averages Never miss out setting stop loss Don’t be too short on stop loss, good value would be […]