The Forex Scalpers - Forex Trading Education

Forex is a volatile trading market that will put you in an alternate ride where you will see a huge profit one day and a destructive loss the other day. But one thing to note here is that you are not the only one facing these challenges. Trading losses are common in Forex. While you can’t avoid them in the first place, you can always do your best to  recover from a trading loss  profitably. This is one trait that forex mentors have that make them stand out from the rest. The nature of forex trading can’t be avoided. As a trader, when you gain  forex trading education , you should look to maximize profits while minimizing losses. However, the system is made in such a way that the trader loses eventually. This is very prominent when they lose a large sum of money.  We give you some steps through which you can recover from a trading loss : Control your immediate response Learning from your mistakes Taking ownership of the trade Never forgetting where yo...

The two financial trading industries are complex and have their own different sets of risk levels. There are stock traders who invest in forex and forex traders are trying their luck in stock marketing. For a new trader, the choice can be quite confusing. One of the most prominent reasons some traders favor the forex to the stock market is forex leverage. Below, we explain the differences between stock trading and forex trading. 1.       Cost of entry You will need much smaller money for entering the forex market rather than the stocks one. Although forex market demands lower entry resources, you can make use of leverage. This instrument helps traders to magnify their profit (or losses) and make greater capital from the smaller investment. 2.       Lower spreads on forex Spreads, the difference between the bid and ask price are on average smaller resembled to stocks. Although some large-cap stocks have tight spr...

What is Forex? The foreign exchange market is also known as “Forex” or the “FX market” is the world’s most traded market, with a turnover of $5.3 trillion per day. It is a marketplace where currencies are traded. Forex is traded 24 hours a day, 5 days a week worldwide. For Forex, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time. About Currency Pairs: Forex is always traded in currency pairs, for example, USD/CAD. The first currency (USD) is called the ‘base currency’ and the second currency (CAD) is known as the ‘counter currency’. Currency pairs divided into three groups: • Major: These pairs contain the US dollar as either the base or counter currency. For example EUR/USD • Minor: The currency pairs which do not contain the US dollar are known as minor currency pairs. For example GBP/JPY • Emerging: These are made up of a major currency paired with an emerging or small but strong ec...