Forex guide

Forex Trading 101: The Basic Concepts Every Beginner Should Learn

You don’t have to be a math wiz to trade in the foreign exchange (Forex) market. The foreign exchange market is a place where you can swap one currency for another during trading. If you’re new to the Forex market and interested in getting started, here are some basic concepts that you should learn:1. Trading HoursMarkets will be open over a 24 hour period in different parts of the world, and this enables trading in different time zones for various currencies. Although it’s very convenient to trade from anywhere, as long as you have the Internet and a laptop, it can also pose as a window for price fluctuations.When you’re in the ...

The Most Effective Method to Set a Proper Stop Loss

What is a stop-loss order? You place a stop-loss order with your broker to sell your securities when they are at a given price. These help to reduce the extent of loss you might incur. For instance, if you set your stop-loss order at any percentage below the price in which you bought the security, the loss will be limited to that percentage.How to Place a Stop Loss OrderThe best method to place a stop loss should involve placing it at a position where you will know that you were wrong about your strategy in case you’re hit. You cannot be perfect in all your trades. The prices of the stock will not always favor you after your purc...

11 December, 2019

Forex and CFD trading explained - tips and advice for beginners

Forex and CFD trading explained - tips and advice for beginners

The forex market is the largest and most liquid market in the world. Every day, currencies worth 5,3 trillion dollars are traded there. The forex market is a place where all the banks, businesses, governments, investors, and traders meet in order to trade currencies. Approximately 15% of the trading volume is performed by corporations and governments that buy and sell goods and services abroad, and 85% of the trades constitute of investments made with the aim of profiting from currency movements.

09 December, 2017

How to use currency correlation in Forex & CFD market

All markets are somehow connected with each other. That means if one market goes up there is a high probability that there is also a market that will reflect this situation and will go up as well. But to understand how the markets correlate, you need to know the connection between these markets. Towards this very purpose, we use currency correlation tables in which we can find out how certainly one market will influence the other.What is correlation?Currency correlation is the measurement of the relationship between two currency pairs resulting in a correlation coefficient. So basically how certain it is that one market will have...

How much the biggest forex brokers make

[vc_column width="3/4"]We all know how profitable Forex trading can be when you do it as an individual, but do you ever wonder how much your broker makes? Most traders don’t because they are too busy focusing on how much they are going to make themselves. However, you may also have noticed that there are just so many Forex brokers currently active in the world, yet more keep cropping up every other day. So, is running a Forex brokerage that enticing and if so, how do these brokers make the money.Financial statements from the biggest brokersSince we can’t get the earnings from all Forex brokers, why not look at how the biggest for...

How to read candlestick chart: introduction to patterns and formations

How to read candlestick chart: introduction to patterns and formations

Learning how to read from a candlestick chart is one of the basic tasks in technical analysis no matter whether you trade forex, cryptocurrencies, binary options or any other financial instrument. The first thing which can pop up in your head when you look at a chart can be, what each candle means. There is a very easy answer to that: „price movement over a certain time period“.

21 October, 2016

MetaTrader 4 - how to download and work with MT4

MetaTrader 4 - how to download and work with MT4

In the following article, you will learn how to download MetaTrader 4 and how to use it correctly. MetaTrader is one of the most popular programs used by traders for technical analysis. It offers a charting system that is super easy to use and which is totally free. In MT4 you will find a wide range of customizable indicators, alarms, and templates along with the possibility to use your own expert advisors. But first, in order to work with MT4, you need to create a demo account, so let’s get right into it.Setting up a demo accountA huge number of forex brokers offer the MT4 platform, but in your broker doesn’t you can download ...

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All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website. When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss. We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

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