MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005. It is primarily associated with currency trading but can be used to trade a range of markets including indices, cryptocurrencies, and commodities via CFDs. MT4 is extremely popular because it can be fully customized to your individual trading needs. It can also be …
Margin foreign exchange is a contract between two parties agreeing to exchange the difference in the value of a currency between the time at which the position is opened and the time at which it is closed. The main advantage of foreign exchange (Forex) is that is open around the clock 24 hours a day …
You may have heard that maintaining your discipline is a key aspect of trading. While this is true, how can you ensure you enforce that discipline when you are in a trade? One way to help is to have a trading strategy that you can stick to. If it is well-reasoned and back-tested, you can …
Your trading account balance matters much more as you advance in your trading skill than when you’re beginning, yet in order to advance and learn you must risk real money, which in the early-days can be risky and lead to significant damage to your account. Seems like some type of “cruel” paradox, right? What good …
Every Forex broker charges fees in one form or another and there are trading costs associated with each trade placed. Many traders often ignore the total cost per trade which can make a big difference to the overall outcome of a portfolio. While the most obvious cost is through spreads, there are other fees and …
One of the hardest truths about trading to implement, is that if you hope to become consistently profitable you’re going to have to think and act like you are, BEFORE you are. Aspiring traders should follow and mimic the mental traits, attitude, belief systems and trading processes of those successful traders and investors that have …
CFD stands for ‘Contract for Difference’ and is a contract between two parties agreeing to exchange the difference in the value of a security, instrument, or other asset between the time at which the CFD is opened and the time at which it is closed. CFDs are extremely versatile products growing in popularity as a …
Risk Management Tools and Techniques Trading on the FOREX market is exciting, but what makes it so exciting is what simultaneously makes it risky – volatility. Certain trading strategies depend heavily on this volatility and make high frequency trades hoping to take advantage of it, but exposing your capital to volatility can result in losses. …
What is a Pip in Forex Trading Maybe you’ve been in the middle of watching a movie trailer on YouTube, and out of nowhere this ad appears with a guy who tells you how to make money in Forex. The ad gets your attention and you decide to hear this guy out. Then, just as …
Automated Forex trading, also known as auto Forex trading, is the process in which you allow a computer program to either trade your Forex account or recommend trades which you may then execute manually. The computer program executing or recommending trades will operate according to a set of rules which will govern the generation of …
