Currency trading? Forex trading? FX trading? Totally clueless about forex? Here's an introduction to the foreign exchange market.
Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.
Learn about this massively huge financial market where fiat currencies are traded.
Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between.
The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
The Forex market is yuuuuuuuggggeeee! And that comes with a lot of benefits for currency traders!
Some of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.
Now, it's time to learn HOW to rake in the moolah!
What is forex trading? How does forex trading work? What you need to know on how to get started in trading forex.
Let’s start with the very basics. First, what drives the value of a currency?
You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.
How many units of currency can we trade? What size positions can we trade and what are they called?
What is a “spread” when trading forex? And no, it’s not the kind of spread you use in sandwiches.
Learn the concepts of bid and ask prices in trading.
Wanna impress your crush? Here are some forex terms to help you wow that special someone!
“Would you like pips with that?” Okay, not that type of order, but buying and selling currencies can be just as simple with a little practice.
A cheat sheet that covers the most common order types, their functionality, and the advantages and disadvantages of each.
Currency market behavior is constantly evolving. Trade on demo first to get a lot of the rookie mistakes out of the way before risking live capital. There are no take-backs in the real market.
While possible if you’re a trading genius with ice in your veins and you’re luckier than a lottery winner, building wealth through trading takes time and practice to build the skills and experience needed to be successful.
Now that you know who participates in the forex market, it's time to learn when you can trade!
Just because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities.
Godzilla, Nintendo, and sushi! What’s not to like about Tokyo?!? The Tokyo session is sometimes referred to as the Asian session, which is also the session where we start fresh every day!
Not only is London the home of Big Ben, David Beckham, and the Queen, but it’s also considered the forex capital of the world–raking in about 30% of all forex transactions every day!
New York baby! The concrete jungle where forex dreams are made of! Just like Asia and Europe, the U.S. is considered one of the top financial centers in the world, so it definitely sees its fair share of action–and then some!
Trading is all about volatility and liquidity. Which times of day provide the most dynamic market action and volumes?
Each trader should know when to trade and when NOT to trade. Read on to find out the best and worst times to trade.
From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete - everybody participates in the forex market!
Because there is no centralized market, tight competition between banks normally leads to having the best prices! Boo yeah!
The forex market is basically comprised of five different groups.
Learn how retail forex trading started and other important forex history.
Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
Why trade forex: Learn why forex is a popular starting point for beginnerss.
Nobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!
What advantages does forex trading hold over futures trading? Is trading forex better than trading futures?
A beginner's guide on how margin trading works. If you skip these lessons, you will quickly obliterate your trading account. Guaranteed.
Learn how margin trading in the forex market works. Understand all the margin jargon used in your trading account.
What is your account balance or “Balance”? What causes your account balance to change?
What is unrealized P/L? What is floating P/L? How do they affect your account balance?
What is Margin? What is Required Margin? What is Margin Requirement? Don’t get it twisted. All this margin jargon is explained here.
What is Used Margin? Learn what Used Margin is, how it’s different from Required Margin, and how it’s calculated.
What is account equity or simply “Equity’? Why is it important to always monitor this?
What is Free Margin? What causes it to change? How do you calculate it?
What is the Margin Level? If the Margin Level in your account drops below a certain percentage, you can lose a ton of money. Find out why.
What is a Margin Call Level? Learn the difference between a Margin Call Level and a Margin Call.
What is a Stop Out Level? How is it different from a Margin Call Level?
A margin trading scenario that involves a losing trade using a broker with a Margin Call Level at 100% and no separate Stop Out Level.
A margin trading scenario that involves a losing trade using a broker with a Margin Call Level at 100% and a Stop Out Level at 50%.
What happens if you open a margin trading account and trade forex with just $100?
Each broker or CFD provider sets their own Margin Call Level and Stop Out Level. It’s crucial to know what your broker’s Margin Call and Stop Out Levels are!
What is the relationship between margin and leverage? The two concepts are related but different. Know the difference.
A cheat sheet that summarizes all the margin jargon that all traders should be familiar with.
Here are five ways to avoid a margin call when trading forex.
Remember, today is the tomorrow you worried about yesterday.Dale Carnegie