The foreign exchange market is the most liquid and vast in the world. In 2019, traders exchanged an average of $6.6 trillion per day, according to Statista data. What is more, thousands of new traders join the market every single month. Among all these traders, there are human participants and forex robots. Either way, all of these participants interact to play out this phenomenon called forex. Just like any typical market, there are the experts that make much of the profits, and the novices … [Read more...] about Are Managed Accounts Worth The Premium They Charge?
You might have heard that people rarely grow wealthy from their income from 9-to-5 jobs. To be sure, financial independence is everyone's dream, but only the few who are willing to go the extra mile achieve it. Financial freedom involves leaps of faith into high-risk but high-reward markets like the foreign exchange market. Today, forex trading is one of the most popular playgrounds for risk-takers who are looking to make vast sums of income. Interestingly, the need for more significant … [Read more...] about Five Reasons That Should Convince You To Enlist A Professional Money Manager For Your Forex Trading Account
The forex market can be a very profitable venture, but only if you truly understand its nuances. Often, the market is volatile to the extent that traders lose all their deposited funds. One of the reasons traders lose their money is because of missing crucial developments probably while offline. That is why the majority of traders consider automated trading as a vital ingredient of a successful trading strategy. Granted, automating traders achieves essential objectives, like affording … [Read more...] about What Are The Qualities Of A Good Professional Money Manager?
Social networks have also affected trading in financial markets. Social trading, which is gaining popularity, makes it possible to earn money even for those whose market knowledge is minimal. Traders share the nuances of their strategies in trading social networks, write comments, and also provide access to information about their transactions online. The main mechanisms for implementing social Forex trading are copy trading. It gives you more control over the deals, as it allows you to … [Read more...] about What is Copy trading and how does it work?
If you want to become a successful trader, the first thing you need to decide is what timeframe you will trade on. This is something you should take great responsibility to, as the trading period you choose can seriously affect your success in trading. First, in order for you to decide which timeframes to choose, you must find out how each of them works. The difference between day trading and swing trading Day traders, as a rule, most actively buy and sell currencies during the European … [Read more...] about Day Trading vs Long Term Trading
Forex market is one of the biggest markets in the world, pooling millions of people around the world. Traders deploy a wide array of strategies to take advantage of price differences while trading various currency pairs in the $4 trillion market. In recent years, forex robots or Forex expert advisers have cropped up, taking the art of forex trading to another new level. Before you begin to ask yourself questions, you are not the only one that gets chills when you hear of such a … [Read more...] about Step-by-Step Guide To Forex Robots