7-minute read HOW ARE THE CURRENCIES PRICED?Currency Demand and Supply The intersection of supply and demand curves determines price equilibrium (P0) and quantity (Q0) of any currency. Increased demand appreciates the currency value, while increased supply decreases the currency value. The price or value of a currency is determined by supply and demand, which is […]
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5-minute read It is also important to know the Risk-Reward ratio. Obviously, it doesn’t make sense to risk USD $500 to make USD $250. To do this, one must have a 70% right to make profit. This will add additional pressure to show a profit. The minimum RISK REWARD RATIO of 1:2 is the recommended. […]
20-minute read The Importance of Money Managment In any sport there is an attack and defense. It is unlikely that you will win many matches unless your defense is as good as your attack. Money management is the defense component of trading. The main objective of money management is to ensure the preservation of trading […]
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12-minute read With over a decade of experience in the forex industry, we bring forth a wealth of knowledge and expertise, offering insights gained through our extensive journey. These trading tips can make a big difference to your bottom line. These are simple points to remember, but they can make all the difference in your […]
18-minute read BEFORE YOU START YOUR FX JOURNEY 1. Trading Pertains to Probability The essence of trading lies in understanding its probabilistic nature. There will be performing months where trades perform exceptionally well and non-performing months where losses hit you hard. Understanding this aspect prepares traders for the natural ebb and flow of the market, […]
30-minute read PSYCHOLOGY OF A TRADER Trading psychology refers to the emotions and mental states that help dictate success or failure in forex trading. Trading psychology encompasses different aspects of an individual’s character and behaviours that affect their trading decisions and can be just as valuable as other attributes, like knowledge, experience, and skill. This […]
20-minute read *Access the Position Size Calculator here: https://www.jflennon.com/calculator/ REGISTER FOR NEW TRADING ACCOUNT 1. Go to https://www.axi.com/int/live-account?promocode=4204633 to access page. Fill in your registration details and select ‘Premium Account’. 2. Select USD as Base Currency and preferred leverage by default will be 1:1000. 3. Fill in all your particulars. 4. Select […]
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15-minute read (1) Now you are officially on the platform; close all the unnecessary charts, leaving only the necessary Chart open. (2) NEW CHART To open a new chart, Click on New Chart icon follow by “Forex” and select your required currency pair. (3) CANDLESTICKS To change the chart display to Candlestick, click on the […]
The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies. With a daily trading volume of 6 trillion dollar (USD6,000,000,000,000), the Forex market is the largest and the most liquid financial market. The forex market is where currencies are traded electronically. Currencies are important because they allow […]
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