• Introduction to Forex Trading

    Introduction to Forex Trading There are many markets: markets for stocks, futures, options and currencies. These are probably the most accessible markets for everyday traders like you and I. People easily understand the basics of trading shares, so I will occasionally use examples from that market. I began trading shares first and then I moved […]

  • Forex Glossary 1 – 3

    Day Trading Speculative trading in which the trader takes positions that are expected to be closed out before the end of the trading session. Drawdown The decline in value of an account due to trading positions moving against the account. Often when systems or trading records are discussed the “maximum drawdown” is disclosed to further […]

  • Forex Glossary 1 – 2

    Cable Trader’s slang for the British Pound. Candle A graphical representation of price movement on a chart for a specific period of time. A filled candle for a specific time period represents that the closing price was lower than the opening price while a hollow candle represents that the closing price was higher than the […]

  • Forex Glossary 1 – 1

    Arbitrage The act of discovering a price discrepancy for a commodity or a financial instrument on different markets and profiting by simultaneously buying at the lower price and selling at the higher price. Ask The price at which the broker/dealer is willing to sell. Also known as the “Offer” price. This is the price where […]

  • Introduction to Metatrader 4

    MetaTrader 4 is the most widely used Forex trading platform in the retail Forex world today. It presents users with a multitude of tools which make trading easier, and provides a uniform interface for trading between different brokers. Perhaps MT4’s greatest functional attribute is that it can execute trading robots, called “expert advisors,” automatically without […]

  • The Best Forex Trading Hours

    The best time to trade on the Forex (Foreign Exchange) is when the market is most active. When more traders are active, trading spreads the difference between the bid price and the asking price tend to narrow. The result is that less of your money goes to the market maker the specialist who trades the […]

  • Forex Pips Definition – What are Pips?

    Definition: The word pips is an acronym for percentage in point, sometimes also called a price interest point. If that didn’t help you, here is a better explanation that is less technical. Pips represent the smallest movement that a currency pair can make. Typically this is equal to 1 basis point, but not always. If […]