Category: 2. How Do You Trade Forex

Can You Get Rich By Trading Forex?

All forex traders, and we do mean ALL traders, LOSE money on some trades. Ninety percent of traders lose money, largely due to lack of planning, training, discipline, not having a trading edge and having poor money management rules.If you hate to lose or are a super perfectionist, you’ll...
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Demo Trade Your Way to Success

You can open a demo account for FREE with most forex brokers. These “pretend” accounts have most of the capabilities of a “real” account. But why is it free?It’s because the broker wants you to learn the ins and outs of their trading platform, and have a good time trading without risk,...
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“Would you like pips with that?”

Okay, not that type of order. An order is an offer sent using your broker’s trading platform to open or close a transaction if the instructions specified by you are satisfied. Basically, the term “order” refers to how you will enter or exit a trade. Here we discuss the different types...
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Impress Your Date with Forex Lingo

As in any new skill that you learn, you need to learn the lingo… especially if you wish to win your love’s heart. You, the newbie, must know certain terms like the back of your hand before making your first trade.Some of these terms you’ve already learned, but it...
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What is a Lot in Forex?

Forex is commonly traded in specific amounts called lots, orbasically the number of currency units you will buy or sell. A “lot” is a unit measuring a transaction amount. When you place orders on your trading platform, orders are placed in sizes quoted in lots. It’s like an egg carton (or egg box in British English)....
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What is a Pip in Forex?

Here is where we’re going to do a little math. Just a little bit. You’ve probably heard of the terms “pips,” “points“, “pipettes,” and “lots” thrown around, and now we’re going to explain what they are and show you how their values are calculated. Take your time with this...
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Know When to Buy or Sell a Currency Pair

Forex trading involves trying to predict which currency will rise or fall versus another currency. How do you know when to buy or sell a currency pair? In the following examples, we are going to use a little fundamental analysis to help us decide whether to buy or sell...
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How to Make Money Trading Forex

In the forex market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple. The mechanics of a trade are very similar to those found in other financial markets (like the stock market), so if you have any experience in trading, you should be able to...
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