School

Forex Holly Grail Hey guys, If you have been in forex trading for more than a week, you will have heard of the legendary HOLY GRAIL of trading. The Holy Grail is characterized as a trading system that never loses, only has winners 100% of the time. The perfect entry signals followed by the perfect exit signals. Once you get …

– Leverage, Margin and Lots In order to make this small 100th of a cent worth something, your broker offers you leverage. This essentially magnifies your trade size. You would place a trade using so much of your own money, called Margin, and your broker will magnify the trade by whatever the leverage is. If your broker offers your 100:1 …

Chart patterns are good warning signs as well. If properly identified, it can help anticipate when the price would continue or when it will reverse. I pay close attention to flags, head and shoulders, and triangles. Now we will talk about Flags : When the price makes a sudden move up or down, it forms a very steep angle. This …

  What is the Spread ? Your broker will need to make a little money by offering you the services they do, it’s a business and it’s only fair they make their cut. They do not charge you upfront for anything, there is no cost to open or fund an account. How a broker makes their money from you is …

  What is the Broker’s Role ,,,   The buying and selling is all handled by our broker. We find a Forex broker, fund an account and place our trades using their trading platform. The FX broker has made everything very simple. We fund our accounts generally with US dollars which the broker will gladly convert for you if you use …

  What is Forex ?   Forex is short for Foreign Exchange. More specifically, it is the “foreign exchange currency markets”, and sometimes referred to as the FX market or even the Spot market. This is where money is traded for money. The value of each country’s currency changes a little bit by the second, and as Forex traders, we …