Jump to content

Search the Community

Showing results for tags 'forextips'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Business
  • Finances
  • Making Money
  • Gold & Metals
  • Trading
  • Cryptocurrencies
  • High Yield Investments
  • Gambling


  • Investment Programs
  • FX Brokers
  • Metals Brokers
  • Affiliate Pograms
  • Wallets

Product Groups

  • Banner Ads
  • Pin Topic / Sponsor Forum
  • Newsletters, Articles
  • Premium Membership
  • Invest Credit


  • Community Calendar


  • Gold.Forum Office & Lounge
    • Signup a FREE account to access the full forum
    • 👋 Introduce Yourself to Gold Forum
    • 🍹 General Chat
    • 💰 Contests & Giveaways - Win $$$
    • 💼 Administrative Office
  • Internet Marketing
    • 💎 Affiliate Networks [Reviews & Updates]
    • 📢 Affiliate Programs [Reviews & Updates]
    • 🧏🏼 Affiliate Marketing Discussions
    • 📢 Events & Conferences for Internet Marketers
    • 🖥️ Advertising Networks [Reviews & Updates]
    • 🚦 Traffic sources
  • Cryptocurrencies & Payments
    • 💰 General Crypto Discussions & [Ann]
    • 📣 Coins & ICOs Announcements
    • 💳 Crypt Payments & Wallets [Reviews & Updates]
    • 🏧 Crypto Exchangers [Reviews & Updates]
    • 📢Events & Conferences about Crypto
  • Crypto Investing & Earning
    • 💎Investing in Cryptocurrencies
    • 💪 HYIPs [Reviews & Updates]
    • 💰 Get Paid To (GPT) Sites [Reviews & Updates]
    • 🦸 Referral Offers - Ask for referrals
  • Crypto Trading & FOREX
    • 💶 Forex Brokers [Reviews & Updates]
    • 💸 Forex Discussions & Help
    • 📈 Forex News & Analysis
  • Crypto Gambling & eSports
    • 🎰 Crypto Casinos [Reviews & Updates]
    • ⚽ Crypto Sports Betting [Reviews & Updates]
    • 🎱 Crypto Games [Reviews & Updates]
    • ❌ Gambling Complaints, SCAMs & Warnings [Report Now]
  • Digital Assets & WEB3 Monetization - Sponsored by Monetize.Info
    • 🌱 Website Growing
    • 🤑 Website Monetization
    • 🛒 Website Flipping
    • 👾 WEB3 Domains & Websites
  • Community Marketplace (Buy, Sell or Trade)
    • 💵 Financial services
    • 👨‍🔧 Digital Services
    • 📦 Digital Goods
    • 🛒 General Shops

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start






Found 5 results

  1. The world of finance continues to be shaken up with more and more financial instruments that allow smart individuals to spread their wealth over time. Apart from your standard stocks, another tried and tested financial instrument that stands strong to this day is foreign exchange. Forex trading is the practice of trading and exchanging two different currencies in the hopes of making significant gains. It’s a popular financial instrument used by financial traders that prefer less volatile trading options as compared to stocks, crypto, and commodities. Although forex trading is a lot safer as compared to other trading options, that doesn’t mean that there aren’t any risks anymore. These are still pretty much present which is why you should learn the right techniques to help guide you towards making better trades. Note: Celebrate The 2022 New Year With LiteFinance And With Apple Gadgets! (More on litefinance.com) If you are a beginner, then here’s a good guide to get you started. Pick The Right Broker Before you even think about trading, the very first thing you should think of is the broker or the platform from which you can trade. While they are all there to help you trade, some platforms give you access to trading features and fair transaction rates altogether. Of course, you should also consider the security and legitimacy of the platforms you trade on as well. As there are many brokers available, you should consider your options thoroughly. Stay Updated What’s good about forex trading is that since it’s based on foreign exchange, the rates you are going to deal with are affected by current news regarding a country’s economy. For instance, good foreign investments can help the value of one currency positively whereas negative economic news has the opposite effect. This means that staying up-to-date with news regarding the currencies you trade-in is going to be beneficial. Now, keep in mind that no currency is volatile to the point that it will see a severe drop rate in 24 hours. Still, economic news does have its effect on a currency over time. Prepare A Risk Management Plan Like other financial instruments, your gains in forex trading depend on the risks you are willing to take. The higher the risks, the bigger your earnings. However, that doesn’t mean that you should carelessly trade until you completely run out of capital. It’s always good to trade with a risk management plan in mind. Ideally, you’d want to stop trading when you reach a certain threshold of losses. This will prevent you from completely losing your capital, and will allow you to come back another day if one trading session isn’t doing you well. Start Small Since this is your first time trading forex, it would be smart to start with small and manageable trade. This means starting with a small capital from the get-go. Try to test the waters and then develop your own trading strategy first. Forex trading is here to stay so try to be patient with it. Starting small also means trading one at a time. Experienced traders engage in multiple deals at a time but that’s because they’ve already developed the skillset for it through consistent trading. Practice It goes without saying that practicing is a key part of your forex trading journey as well. The good news is that there are many ways to practice without having to risk anything on your end. You can do this through demo accounts on trading platforms that let you trade with virtual money. Almost every trading platform offers this unique feature so you don’t have to look hard to find one. Before you trade with real money, make it a must to trade using a demo account first. Get a feel of forex trading. It’s similar to other forms of trading but since the instruments are different, it does take getting used to. Explore From the get-go, you might be tempted to trade only currencies you are familiar with. This isn’t a bad idea though. Doing this is good because you are at least familiar with the currency and you know how to take full advantage of it with what you know. However, don’t limit yourself to these currencies as there are many out there that are waiting to be explored. Sometimes, it’s good to keep a close eye on up-and-coming economies because they offer the best chances for growth and gains.
  2. Bid and Ask are common terms used in Forex trading and the financial markets in general. It refers to the price at which buyers and sellers in the market are willing to buy and sell. In other words, supply and demand indicate the price at which a currency pair can either sell or buy another asset at the current time. The bid price The bid price is the price that the trader is willing to pay for the asset being traded. For example, if a trader wants to buy a currency pair, the bid rate is the price they must pay. The bid price represents the highest price a trader is willing to pay for the asset being traded. The ask price The selling price is the price that the trader is willing to receive for the sale of the traded asset. For example, if a trader wants to sell a currency pair, the ask price is the price they get. The ask price represents the lowest price at which a trader is willing to sell the traded asset. The Current Price Understanding the current price is essential to understanding the difference between the asking price and the asking price. The current price, also known as the market value price, is the actual selling price of an asset on an exchange. It is the last traded price of that asset and is constantly fluctuating. The current price is determined by the market forces of supply and demand. Changes in supply or demand cause the current price to rise or fall. Bid and Ask Explained While the current price represents the market value of an asset, the bid and ask represent the highest bid price and lowest ask price, respectively. The bid price is usually higher than the current price, while the ask price is usually lower than the current price .The ask price is always slightly higher than the bid price, as no investor will sell an asset at a price lower than the bid price. The bid price represents the demand while the ask price represents the supply of the asset. The difference between the two is called the differential. When trading forex, the bid and ask rates apply to only one currency pair at a time. For example, if you buy EUR/USD, it means you are buying the euro and selling the dollar. Buying a currency pair means selling the second currency (quote currency) in order to buy the first currency (base currency) in the pair. When trading forex, a rate for a EUR/USD currency pair can be $1.1250/$52. The first number represents the bid price of $1.1250 while the second number represents the ask price and the difference between the two is the spread value of 2 pips. You can learn more about forex trading bid and ask price at forum.forex Thanks
  3. Scalping in forex may be a short-term strategy that aims to form profit out of small price movements. the simplest forex scalping strategies involve leveraged trading. Using leverage in forex may be a technique that permits traders to borrow capital from a broker so as to realize more exposure to the forex market, only employing a small percentage of the complete asset value as a deposit. This strategy magnifies profits but it also can magnify losses if the market doesn't move during a favourable direction to the bet. Therefore, forex scalpers are required to stay a continuing eye on the marketplace for any changes. Scalping Indicators for Forex Technical indicators - mathematical functions that allow making conclusions about the further development of the worth movement of an asset - are actively utilized in trading. Nowadays, various indicators make trading more precise. As for scalping, many of us believe that it's a non-indicator system. the primary scalping trades were placed with the assistance of the depth of the market or as arbitrage, but today things is different. Liquidity in forex scalping Around $6.6 trillion worth of forex transactions happen a day , which makes it the foremost liquid market within the world. Liquidity refers to the power to shop for and sell quickly without affecting a market’s price. High liquidity makes forex an honest marketplace for scalpers, who got to enter and exit their positions quickly – sometimes within seconds. Best pair for scalping forex Traders should consider scalping major currency pairs like the EUR/USD, GBP/USD and AUD/USD, also as minor currency pairs including the AUD/GBP. this is often because they're going to be dipping in and out of the market very frequently and therefore the se currencies have the very best trade volumes and the tightest spreads to minimise losses. The tighter the spread, the less the amount of pips the speed has got to move before your trade is in profit. However, some experienced traders may like better to scalp minor or exotic pairs, which generally have higher volatility than the main currency pairs but carry greater risks.
  4. Traditional currency trading has been a prerogative for multinational corporations and affluent investors for decades now. The Forex market has, however, opened up the financial market to the youth and average investors. Since the last few years, Forex trading has gained firm ground and emerged as a popular career for financial and non-financial professionals. High liquidity, 24/7 schedule, easy accessibility, low capital requirements, and ease of entry makes forex a superior trading platform. Forex investment is the largest financial market globally and trades nearly $2 trillion every day. Cryptocurrencies like Ethereum, Bitcoin Cash, Ripple, Libra, and Monero are some of the most hyped-up digital currencies of 2020. Business and finance professionals can strike up stellar PowerPoint presentations with professionally tailored templates like the Cryptocurrency PowerPoint template from SlideModel. Graphically present the concepts of blockchain, digital coins, and benefits of cryptocurrencies to hook your clients. The field of cryptocurrencies is thriving, and the next digital token may bring fortune, for all anyone in the crypto community knows. Forex investment is lucrative, flexible, and highly engaging if performed with the right tips and tricks. Although profitable, it can also lead to severe losses owing to its high risk and volatility. There are some basic rules and skills any forex investor should practice. Here are 12 golden tips and tricks for you to follow to be a pro at forex investment: Pick the Right Goals and Strategies To have a set trading plan is a critical component of successful forex investment. Assess your profit goals, risk tolerance level, methodology, and evaluation criteria for a strategic plan. Pick a suitable trading style with which you are most comfortable. Pick position trading if you aim to invest your funds for the long term. Opt for day trading if you have a goal of purchasing and selling security within a single trading day. Define a time frame with comprehensive risk/return analysis for a remunerative outcome. Do Not Rush, Start With Gradual Investments Consistency is the key to forex trading. A fantastic tip for FX trading is to start with small sums, and low leverage, which will eventually add up to your account as it generates profits. The temptation to jump straight in with big money trades is real but, an insight here is, to begin with, small investments and take your time. For a successful FX investor, it is a requisite to practice patience and stick to a discipline. Be realistic with your targets, goals, keep abreast of the latest news, and keep your emotions in check. Suitable Brokers With the Right Platform Always be wary of the FX broker that you choose. Ensure that they are dependable, authorized with a license, and, most importantly, supplement your trading style. Research and educate yourself about every broker’s policies in the market, their client profiles, trading software, and expertise level. You must be in alignment with your broker’s platform. For example, if you want to trade off of Fibonacci numbers, the broker’s platform should be able to draw Fibonacci lines. Control Your Entry and Exit Rules Forex investment requires an exhaustive comprehension of trading skills. Do not get confused with information by looking at charts in different timeframes. A buying opportunity on a weekly chart might show up as a sell signal on an intraday chart after a while. Keep your charts in perfect synchronization i.e. if the weekly chart indicates a buy signal, wait until the daily chart also establishes a buy signal. Also, Overtrading can result in a lack of concentration and reckless trades. So, tread carefully! Concentrate On Single Currency Pair, Expand As You Profit The cryptocurrency world is known for its complicated and deep chaotic nature of the markets. To avoid a heavy loss, it is vital to restrict your trading activity to a currency pair with which you are familiar. To begin with, start with the trading of the currency of your nation. If you choose differently, stick to the most liquid, and widely traded pairs. It is an excellent practice for both the beginner and the advanced traders. To be a master of FX trade always follow the news and rates of major currency pairs. Employ Charts To Comprehend Forex Statistics It is pivotal to quickly grasp the knowledge for analysis of each trade when investing in multiple markets at the same time. Charts with their visual appeal can provide you with an easy to read visual of dense numeric data. To attract your Forex investors, incorporate your slide decks with 100% editable financial templates consisting of gripping graphics and charts from SlideModel. Leverage project timeline template, finance, and investment template and much more to integrate to create a perfect pitch deck with charts imbibed with forex statistics. Learn More, Earn More A great FX investor always takes his time to study the currency pairs and what affects them before risking their capital. It is a valuable investment in time that could conserve your money. Diligently analyze the latest trends, news, and financial processes. Do extensive reading and illuminate yourself on everything related to Forex trading. The complexities of the market will be unchallenging for you if you educate yourself on money management. It is all about minimizing the losses and maximizing profits. Calculate the Expectancy of Your Investment To measure how reliable your forex investment system is, always calculate the expectancy. Analyze all your previous trades in which you gained and lost, then determine how profitable your winning investments were against your losing trades. Examine your last 20 investments. Total all your won trades and divide the answer by the number of winning trades you made. It will help you to determine your profit and losses. The formula is E= 1+(W/L)*P-1 where E is expectancy, W and L stand for Average winning and losing trade respectively and P is percentage ratio. Choose an Accurate Account Type, Leverage the Right Ratio Fx investment might come off as tricky at first, but once you ace at the basics it will lead to great merits. Pick an account package that is most desirable to your expectations and knowledge level. Lower leverage is always better for beginners. A standard account is perfect if you have a good understanding of leverage and trading in general. But, if you are beginning, it is essential to practice the use of a mini account. In general, it is always seen that the lower your risk, the higher your chances. Continual Analysis is the Key Risk analysis and probability form the backbone of Forex investment. A single method or designated style that will not generate profits all the time. Leverage your weekend when the markets are closed and study weekly charts to look for breakthroughs or trends that could affect your trade. To be a meticulous FX investor keep a diary or a journal of your trading activity where you carefully scrutinize your mistakes and successes to find out what works best for you and what does not. Follow and Learn About the Trends A golden Forex market tip to utilize is to learn about trends, how to spot them and use them to your benefit. Forex market volatility is conditional to international or local political and economic circumstances. Always be aware of every news that could affect a currency pair that you invest in. Current events move markets very quickly. Hence, if you stay informed on the market situation you can predict the movement of the forex market. If you are a beginner, it is advised to never trade against trends to avoid losses. To Know When To Stop Is Essential Greediness in forex investment might lead to inessential risks. Plan your investment with maximum acceptable loss and your target profit. Once you reach either of these limits, stop trading immediately. To succeed one should position themselves in such a way that the losses are harmless, while the profits are manifold. Trailing stops are expedient if they trail your position at a specific distance as the market moves that help you to protect profits, should the market reverse. Any transaction executed on the forex market is basically buying & selling of two currencies. You must understand the ‘currency pairs’, know about the base currency and quote currency. For example, Base Currency can be Euro (EUR), and Quote currency can be US Dollars (USD). When it comes to garnering knowledge to learn forex trading, the internet has a huge resource of webinars, ebooks, articles, and videos all having rich information. Forex investment demands a steep learning curve. Follow the maxims of perseverance, continual learning, methodical capital management techniques to be a prosperous Forex investor. The ability to take risks, robust trading plans, and an eye on the volatility of markets should always be kept in mind. FX investing is an art, and the only way to become proficient in it is through consistent and disciplined practice. Cheers! Also read: Compare Now | Demo Trading Vs. Live Trading
  5. When I was 16 I decided I wanted to be a millionaire. I wasn't from a wealthy family, and I witnessed how my parents, especially my dad, struggled and worked hard to make ends meet. I knew I didn't want to walk down that road, so from this point on I continually studied and sought ways to make money. It eventually became clear to me that I had three primary means to get rich: own a business, invest, or combine the two. I discovered that I liked the idea of using money to make more money, and soon got fixated on investing. This was how I got introduced to Forex trading. Unsurprisingly, I made a lot of mistakes early on. I blew out several trading accounts, with each loss leading to more pain and despair. However, there were also moments of victory. There were times when I would make more in hour trading than I would in a week at my job, all with a few clicks of the mouse. It was surreal. These were the feelings I clung to in my early days. It took me about 42 months to make my first windfall in forex trading. I was still a student at that point, trading in between classes and assignments. I remember feeling at the time that it seemed as if I’d been trading forever when in reality it had only been about three and a half years. Going forward, I carried on that momentum to build a trading business around my personal trading. People and companies started inviting me to give my insights at forex trading conferences around the world, and I had the honor of training traders at banks, fund management companies, and prop trading firms. In an effort to save others the time it took me, I’ve compiled a list of four Forex trading strategies for beginners that embody everything I’ve learned over the last 20 years about how to trade forex and make money from it. Step 1: Learn How To Read Charts The price chart is one of the crucial things a forex trader must know and understand. I always find it funny when new traders go looking online for forex trading tutorials on trading strategies and then proceed to lose money when they try to implement them. Why does this happen? The simple answer is you have to learn to read the price chart! Trying to use someone else’s trading strategy without being able to read the chart is like trying to do hurdles before you can walk. The reason for this is simple—no forex trading strategy works 100% of the time. If you rely solely on one trading plan to use at all times, it will eventually fail you. By learning how to read charts, specifically the forex price action and technical indicators like support, resistance, and trendlines, you will not only understand what is happening but why. Step 2: Control Your Risk Trading is all about controlling your risk. Applying inappropriate risk is one of the primary reasons most forex beginners blow out their accounts when trading. For example, you should never be risking 100% of your account on a single trade. That’s akin to gambling. As a general rule, most Forex trading for beginner books will tell you to risk anywhere between 1-3% of your account per trade. But this low-risk strategy has drawbacks as well. If you have an account worth $1,000 and you risk 1% ($10) on a trade, you will have to make a lot of profitable trades to grow your account. This could lead you to overtrading, which could in turn increase your losses. Ultimately, you have to find the balance of risking enough to make the trade worth it, but not so much that your risk-reward ratio is too imbalanced. Step 3: Consider The Risk-Reward Ratio Too Every trade you enter should have a defined risk-reward ratio. That means knowing how much you are prepared to lose in addition to knowing how much you’re prepared to make. In other words, have specific buy and sell targets on the upside and downside before you enter a trade. Step 4: Test The Effectiveness Of A Strategy Before You Use It There is a straightforward way to ascertain the effectiveness of a forex trading strategy. This process is called backtesting. Backtesting involves reviewing the results of trades made using a particular technique over a period. My general rule of thumb is I will consider a strategy if I observe a net profit for three consecutive years. I do my backtesting on the demo trading platform, which allows you to backtrack to the period you wish to start testing from. Advance tip: You shouldn't use live trading accounts for backtesting several strategies it can cost you BIG TIME. Besides, if you don't know the significant differences between live trading and demo trading then the article stated below is highly suggested for you. Demo Trading vs Live trading. Step 5: Don't Get Emotional There is a concept in poker when a player gets too emotional after losing money and starts playing differently to win it back. This situation is known as tilt. While Forex is a different ballgame entirely, the same concept applies. Understand that losing is an inherent part of trading. You should expect and prepare for it instead of getting vengeful. One way to keep your emotions in check is to never carry over the results of a previous trade into a new one. Treat every trade as if it’s an entirely new entity and approach it with a clean mindset. If you find yourself carrying over positive or negative reactions from your previous trades, that’s a recipe for clouded judgment. Another pro tip for controlling your emotions during trading: whenever you feel agitated or emotionally-charged, take a break. Stop trading until you have regained your composure. cheers!

⤴️-Paid Ad- TGF approve but does not endorse it. Add your banner here.🔥

  • Create New...