A Stop-loss is a necessity. Traders who don’t use stop losses will hardly trade with profits. Do you agree? If you think something like, “Oh, it’s nonsense, I may well trade without all your stop losses,” this article is for you!Stop-loss is a crucial concept in trading that every beginner should understand. It’s a tool that helps minimize risks and losses by automatically closing a trade when the market moves against you. In this article, we’ll explore everything you need to know about stop-loss, including its definition, benefits, and how to set it up.Table of ContentsWhat is Stop-Loss in Trading?Benefits…
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1. IntroductionCopy trading is a relatively new concept in the world of investing. It allows you to automatically copy the trades of successful traders and make a profit without having to do much research or analysis yourself. With the rise of online trading platforms, copy trading has become more accessible to everyday investors.2. What is Copy Trading?Copy trading is a type of online trading where a trader copies the trading strategy of another successful trader. This means that if the copied trader makes a profit, the copier will also make a profit, and if the copied trader makes a loss,…
Passing a prop-funded account challenge is a great achievement for any aspiring trader. Source link
Telegram Signal Trade CopierIntroduction:Telegram is one of the most popular instant messaging platforms, which is known for its encryption and security. However, it has another use for cryptocurrency traders. Telegram groups are being used as a platform for trading signals, where the traders share their insights, predictions and trades in real time. But, how do you make the most of these signals? This is where Telegram Signal Copier comes in. In this blog, we will discuss what a Telegram Signal Copier is and why you need one.What is a Telegram Signal Copier?A Telegram Signal Copier is a tool that allows…
Forex trading is an exciting and lucrative market, with millions of traders worldwide trying to profit from fluctuations in currency exchange rates. However, to be successful in forex trading, you need a solid strategy and a well-planned approach. One of the most effective methods to grow your forex trading account is compounding, and in this article, we will delve into the details of how you can use compounding to grow your forex account over time.Understanding Compounding in Forex TradingCompounding is a simple yet powerful concept in forex trading that allows traders to take advantage of the power of reinvesting their…
Forex scalping is a popular trading strategy in the currency market. It involves making multiple trades in a single day with the goal of generating small profits from each trade. The objective is to capture small price movements and make many trades within a short period of time.What is Forex Scalping?Forex scalping is a fast-paced trading strategy that aims to take advantage of small price movements in the market. It involves opening and closing trades in quick succession and is suitable for traders who can handle high levels of volatility and have a strong understanding of the market. Forex scalping…
Forex trading can be an incredibly lucrative and exciting investment opportunity, but it can also be incredibly challenging and difficult to navigate without the right tools and resources. One of the most essential tools that a successful Forex trader needs is access to reliable and high-quality Forex signals. In this article, we’ll take a closer look at where you can get the best Forex signals to help you make informed and profitable trading decisions.What are Forex Signals?Forex signals are essentially trading alerts that provide traders with important information about the Forex market, including market trends, price movements, and potential trade…
A Comprehensive Guide to Understanding the Foreign Exchange MarketForex trading, also known as foreign exchange trading, is the act of buying and selling currencies with the aim of making a profit. It is one of the largest financial markets in the world, with a daily trading volume of over $5.3 trillion. The foreign exchange market is open 24 hours a day, five days a week, making it a highly accessible market for traders and investors around the world.Understanding the Forex MarketThe forex market is made up of a network of banks, brokers, and other financial institutions that buy and sell…
Introduction: Support and Resistance are two important concepts in trading that can help traders make informed decisions when buying or selling stocks, forex, or other assets. In this guide, we will cover everything you need to know about Support and Resistance, including its definition, importance, and how to identify levels.I. Understanding SupportWhat is Support? Support refers to a price level at which demand for an asset is strong enough to prevent its price from declining further. In other words, support acts as a floor, preventing prices from falling lower.How to identify Support levels?Look for price levels where the asset has…
Forex trading involves several technical terms, and one such term is a “PIP.” It is a crucial concept in forex trading that every trader must understand. This article aims to provide a complete guide on what a PIP is, how to calculate it, its significance in forex trading, and much more.IntroductionForex trading, also known as foreign exchange trading, is the process of buying and selling currencies in the global currency market. It is the world’s most liquid financial market, with a daily trading volume of over $5 trillion. Forex traders make money by buying currencies when they are low and…
Investing in the stock market has always been a popular way to build wealth over time, but it requires patience and a long-term view. However, some traders prefer to buy and sell securities more frequently, trying to take advantage of short-term price movements. This type of trading is known as day trading, and it can be both exciting and profitable for those who do it right. In this article, we will explore what day trading is, the best trading strategies, and some tips for success. Discover the world of day trading and learn the best strategies for success. 1. IntroductionDay…
Order blocks in the realm of Forex are pivotal supply and demand zones where major market participants strategically position substantial orders. Recognizing the potential for significant price movements associated with such large-volume orders, traders often dissect these orders into smaller, manageable blocks. These blocks are executed incrementally, synchronizing with the accumulation of counter orders’ liquidity. This tactical approach empowers institutional traders, including central banks and financial institutions, to execute substantial orders discreetly, without causing undue market disruptions.Visualizing Order BlocksOn a price chart, order blocks manifest as distinct ranges where price dynamics undergo notable shifts. Typically, price reverses within these zones…
If you want to invest in either crypto, forex, or both, it’s important to know the difference. You might want to broaden your portfolio, but to do this, you should know exactly what you’re investing in. Learn all about the difference between forex and crypto here. The forex market is one of the largest markets in the world. Investing in foreign currencies has been around for a long time. As technology has improved and accessibility changed, many more traders have begun investing in forex. Today foreign currencies are a very common part of a portfolio amongst active investors. There are…
Trends in the market are cyclical. Sometimes, a currency pair or cryptocurrency is hot, experiencing a long and strong trend. At other times, trends turn sideways and become boring. An example of a hot and popular trend right now is passive investing via the best staking crypto on Bybit. Staking crypto means your tokens will earn interest and all you need to do is hold on for the long term. While this is relatively new in crypto, buying and holding an asset to earn interest is not a new strategy and has been used in FX for decades. The common…
One of the most versatile indicators used by technical analysts and chart readers is the moving average. There is a variety of moving averages to choose from such as the simple, exponential, or hull moving average and most other indicators include a moving average in their calculation. The moving average can be applied to any chart time frame from monthly down to 1-minute charts. As a result, the moving average indicator is arguably the most popular indicator used by forex and crypto traders. Over the next few minutes, we will review what the moving average is, how to read it,…
If you studied at the prestigious School of Pipsology, you probably know this already. But if you’re new around here, let us point at the big elephant in the room: Lambo wealth won’t come overnight, especially if you have a limited budget. Pretty upsetting, right? If you’re skeptical, let’s talk numbers… Mr. Shawn Kalper is an eager disciplined trader. He manages to generate 10% profit per month accurately as a Swiss clock. Wow, this guy is on fire! ???? Shawn is also a nice guy, he loves dogs, and he’s a science freak. His favorite quote is from Einstein: Compound…
Th e concept of “spread” is essential in financial markets, especially Forex. Without spread, most Forex brokers wouldn’t be able to operate normally. What is a spread, how do Forex brokers define it, and what spread types are there? What is spread? There are two counterparts in financial markets, buyers and sellers. Buyers want to buy an asset at the lowest price possible. Sellers, on the contrary, want to sell an asset at the highest price. These two sides create a buying price called Bid and a selling price called Ask. Spread is the difference between Bid and Ask prices.…
Th e concept of “spread” is essential in financial markets, especially Forex. Without spread, most Forex brokers wouldn’t be able to operate normally. What is a spread, how do Forex brokers define it, and what spread types are there? What is spread? There are two counterparts in financial markets, buyers and sellers. Buyers want to buy an asset at the lowest price possible. Sellers, on the contrary, want to sell an asset at the highest price. These two sides create a buying price called Bid and a selling price called Ask. Spread is the difference between Bid and Ask prices.…
