It’s funny how sometimes, the simpler something is, the more exciting it is. And when it comes to simple, it doesn’t get much simpler than the 20 pips a day forex strategy. Every day, approximately seven trillion dollars worth of foreign currencies change hands. That’s equivalent to $1,000 for every single person on earth, which …
A Telegram to MT4 copier, or simply a Telegram signals copier, is a piece of software that copies forex signals sent in Telegram and executes them in MT4. It does this via an Expert Advisor. Depending on the exact piece of software, the signals can be sent as images, or as text, or both. What …
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Leverage in forex trading effectively allows you to trade with more money than you actually have. This means you stand to gain more money from profitable trades. However, it can just as easily work against you. In this article, we’ll explain how it works. Leverage in forex trading explained Traders make money due to changes …
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Margin in forex trading refers to the amount of money you need in order to take out a trading position. It’s not a payment or cost for taking out the trade, but simply an amount of money you need to have in order to hold a trade. Let’s take a look. Margin in forex trading …
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The 20 pip challenge or $20 / 30% challenge is one which captures a huge amount of interest among forex traders. That’s despite its very high level of risk in terms of standard risk management. Nevertheless, it’s a fascinating example of the power of compound interest. Plus, 20 pips a day in forex trading is …
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There are loads of different answers to this question. In this article, we’ll take you through some really common reasons why forex traders lose money. We hope they’ll help you avoid making the same mistakes. Why forex traders lose money – it’s part of trading This reason is probably at the top of the pyramid. …
In forex trading, lot size refers to the size of a trade. One lot is 100,000 units of the base currency. It’s a standardized measurement, regardless of what the base currency actually is. This means that a 1 lot trade of GBPUSD is 100,000 GBP worth of USD. And a 1 lot trade of EURAUD …
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Forex trading demo accounts are a fantastic way to learn how the currency markets work. With a quick registration and just a few clicks, you can get your hands on a six figure trading account, which you can use to try trading much larger positions than you’re probably able to with real capital. But did …
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When it comes to forex trading, risk management is pretty much the most important thing there is to know. Simply put, if you take on too much risk, you may lose more of your capital than you can afford. Eventually, you may lose so much of it that trading is no longer worthwhile or even …
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