Most people should know the legendary sci-fi film, The Matrix, and the pivotal scene of the 'red pill' and 'blue pill.' The red signifies learning a wholly different yet life-changing…
Like many other activities, buying and selling of currencies require carefully planned and executed strategies. Thankfully, a foreign exchange (forex) trader has many options when choosing the best trading strategy.…
A lot size refers to the number of currency units you intend to trade. This lot size directly affects the size of your profits, as well as your losses. Therefore,…
Myfxbook is a platform that offers several trading services that are widely used throughout the world and trusted by many successful traders. Currently, it is used by around 100,000 traders…
Change is the only constant factor in the forex market. Prices and the underlying factors triggering fluctuations are constantly changing. For that reason, currency pairs don’t always trend in one…
Trading psychology is as vital a skill as performing technical and fundamental analysis to identify trading opportunities. This is because if you don’t have the mental strength to only make…
In 2021, it is unfathomable to be a forex trader without the knowledge of indicators. Indicators allow traders to spot underlying trends by examining market data. However, sometimes indicators can…
Inflation is an increase in the price of goods and services in a country over time. Usually, it results in the devaluation of the said country’s currency. This is because…
Slippage has always been a big problem for anyone looking to profit from price fluctuations in the capital markets. Whether trading manually or using automated trading systems, executing orders at…
Exchange rates in the forex market fluctuate rapidly whenever the markets are opened. Amid the fluctuations, traders set prices at which they would like their orders to be filled. In…
Indicators are at the heart of many kinds of technical analysis that takes place in the forex market. The trading tools allow traders to decide on trades to take, when…
TradingView and MT4 are two of the most popular charting platforms for anyone looking to access the financial markets and trade. While both offer almost the same tools, they are…