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Chapter 1. Introduction
Until the 1970s, the exchange rate of a particular currency was determined by the country's gold reserves. That was due to the fact that global markets were regulated by the gold standard. Each currency had its equivalent in a troy ounce. H...
What is Forex?
Where may I learn about trading on Forex?You may visit our educational resource, where you find a lot of useful information about the Forex market, download trading platform and open a demo account. Trading on demo account is the same as at...
Money Management
Money Management is a set of rules and specific techniques used for minimizing the risks and maximizing profit.The risk is a maximum amount of assets that will be lost until a decision about closing of an unprofitable position is made. Thus...
Martingale
The martingale strategy has been popular among gamble players since the 18th century. The main idea behind this betting strategy lies in the constant increase of bets after each loss. In such a way, all previous losses are easily covered by...
Support, resistance and trend types
The primary task of technical analysis of financial markets in general and the Forex market in particular is finding a trend on a plotted chart. The Dow theory discerns three types of trends: long-term, medium-terms and short-term trends. T...
Indicator
Indicator is a signal of some trend changes in the market. You can use different indicators of technical analysis when working on the foreign or stock exchanges, but it is not recommended to use more than three. To understand indicators bet...
Chapter 6. Buy and sell price of currency pairs and spread
Until now, talking about quotes, we have intentionally used only spot (current) Forex exchange rates to make our website easier to understand. However, a Forex quote consists of two rates (prices) - the sell rate (bid) and the buy rate (ask...
Chapter 8. Trading sessions
Despite the fact that Forex operates within 24 hours, there are certain time frames during which it can be more or less active in relation to transactions with different currencies. It can be explained by the working hours of the world’s ma...
Chapter 12. Interest rates and swaps
We have already clarified that margin trading supposes the usage of the loan capital, when a trader borrows assets from his broker to carry out operations on Forex. For better understanding of this chapter, let us study the principle of cas...
Chapter 13. Profits of Forex market players
As we have already mentioned, an individual trader gets access to Forex by means of a broker or a dealing company. Traders earn money via currency speculations. In other words, they close positions at a higher price compared to the price of...
