Trading Videos
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When Should Traders Buy or Sell?
In order to better follow the tips above, it is always recommended that you have defined strategy. Figuring out when you will enter and exit a trade is a prerequisite before you open a live position. Randomly buying or selling a currency pair with no set plan is unlikely to be beneficial, and may well be more stressful. You also won't be able to assess your performance productively as you have no set rules. Only by identifying and sticking to a strategy can you hope to potentially achieve long-term success.
What is your Balance?
When trading, the balance refers to the amount of money a trader has in their trading account. However, it’s important to remember that this amount does not include any profits or losses a trader might have from any open positions. If a trader has an open position, his or her balance might change depending on the losses or profits he or she has made once the trade (or part of the trade) is closed. A trader’s balance is located in different sections on the trading platform, depending on whether the trader is using the MT4 or the MT5 platform.
What is a line chart?
A lot of traders prefer the line chart to Japanese candlesticks or bar charts. For example, many traders who trade the stock market prefer to use line charts to see price movements. This is because th...
What Is A Japanese Candlestick Chart?
The Japanese version of price charting uses a shape similar to a candlestick as a visual representation. The Japanese candlestick method of visualising charts is one of, if not the, most popular metho...
What is a bar chart?
A bar chart contains much more data than a simple line chart. You can see if an asset has risen or fallen in value between open and close. The length of the 'bar' tells you whether the value of the as...
What does going long and short mean?
When trading in the financial markets, people buy and sell assets such as currencies, commodities and stocks by “going long” or “going short” on them. Going long is a popular industry term used to des...
What does a trading strategy consist of?
Now that we know what a trading strategy is based on, we need to know what it consists of. A typical trading strategy or system is based on three key decisions for any given trade: The precise en...
What Are Major Currency Pairs?
In Forex you exchange one currency for another with the intention of making a profit. The seven most traded currency pairs in forex are called the Majors. They are: The Euro / US Dollar The ...