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Showing posts from November, 2022

My Recommended Forex Trading Broker

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Questions like which broker do you use, which broker do l recommend, and which is the best forex trading broker are some of the frequently asked questions in my inbox. You have probably seen an excessive amount of online adverts from forex brokers, this is because many online forex brokers are competing for you to open an account with them.  Yes, behind every successful forex trader is a good, honest, reliable broker. Therefore, you should be very careful when choosing a forex broker. When choosing a forex trading broker you should consider factors like reliability, regulation, industrial awards, reviews, instruments available for trading as well as deposit and withdrawal methods available. Which Forex Trading Broker Do l Use and Recommend  I have used several brokers and l can recommend XM to be your forex trading broker, Why: Licensed and Regulated Broker The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (...

How to Open a Deriv Real Account

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About Deriv Deriv is an international broker that has been providing its services on the market for over 20 years. During this time, more than 2.7 million traders from different countries have become the company's clients. Why Should you Choose Deriv as your Broker. Deriv is one of the world’s largest online brokers. They offer CFDs and other derivatives on forex, stocks & indices, cryptocurrencies, commodities, and derived to millions of registered users across the globe. They offer demo accounts and their minimum deposit  on a real account is 5usd. How to Open a Deriv Real Account Step 1 Click: HERE Step 2 Once on the Deriv website, click any button labeled Create demo account or Start Trading or Create Account and go to the next page Trading Tip : Reading Forex Trading books will provide you with an abundance of information and forex trading books are cheaper than trading classes and other educational materials that are sold. Best Forex Trading Books Step 3 Once on this page...

Factors to Consider When Choosing a Forex Broker

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 Behind every successful forex trader, there is a good and honest forex broker. Many online forex brokers are competing for you to open a forex trading account with them. You'll probably see an excessive amount of online adverts from forex brokers if you visit any financial news website. In this post, we'll look at six factors to keep in mind as you select the best broker for you. We will also give you links to open accounts with our recommended brokers. What is a Forex Trading Broker? We must briefly outline the market in which brokers operate in order to comprehend what a broker is and what they perform. The currency market is decentralized, so unlike, say, the New York Stock Exchange or the London Stock Exchange, there isn't just one exchange through which all transactions pass. The interbank system, a global network where financial institutions transact directly with one another, is the foundation upon which the FX market is based. Retail traders must use a broker in or...

Best Forex Trading Books That Every Trader Must Read

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 The best thing is that forex trading is not going anywhere, it's permanent. Therefore, you should not just jump into it but rather take your time to learn and master it before jumping straight to a real account. Reading Forex Trading books will provide you with an abundance of information and forex trading books are cheaper than trading classes and other educational materials that are sold. We have put together a list of the best Trading books, we have also added links to get them in case you might be interested in them. Make sure you have filled your mind with useful information by reading as many books as you can on forex trading as well as on investing. 1.  The Forex trading course _ a self-study guide to becoming a successful currency trader A pioneer in currency trading shares his vast knowledge The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step m...

How to Draw and Use Trendlines in Forex Trading Efficiently.

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 Trendlines in Fore Trading are used to make decisions on the best time to enter and exit trades. Learn how to draw trendlines efficiently and use them to your advantage. Trendlines and combining them with price action as part of your trading strategy is one of the most important trading concepts you must learn, understand and apply in order to be a successful trader. What are Trendlines? A trendline is a line that we draw on our charts that connects the swing lows during a TRENDING MARKET. Why do we draw Trendlines in Forex? 1. Trendlines can act as support or resistance. In a bearish trending market, the downward trend line provides resistance: the price goes up and reverses back down from the trendline. In a bullish trending market, the  upward trendline provides support  for prices: prices go down touch the trendline and bounce back up from the support provided by the upward trendline Trading tip: You do not enter trades blindly just because the price has touched a tr...

Forex Trading in Zimbabwe Cheat Sheet: Must Know Read Before You Get Started 01.

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  Forex trading in Zimbabwe has become increasingly popular over the past decade, thanks to the potential rewards and low barriers to entry that it offers. But this doesn’t mean that everyone should jump into it without doing their research first, as there are some things you should know before you start forex trading in Zimbabwe. To help, here are things you should know before you start forex trading in Zimbabwe. What is Forex Trading? When someone says forex, they’re referring to foreign exchange, which is a currency market where pairs of currencies are traded against each other. In simple terms, you could think of forex as foreign currency trading.  By buying and selling different currencies, investors can generate returns by locking in gains (or minimizing losses) when a particular currency’s value appreciates relative to another. A system called spot pricing determines how much one currency should be worth compared to another—in other words, how many units of one currency...