A real trading account and a demo account serve different purposes in forex and stock trading. A demo account is designed for practice. It allows traders to use virtual funds provided by the broker to test strategies, learn how platforms work, and...
Market depth refers to the market’s ability to sustain large orders without significantly affecting the price of an asset. It shows the supply and demand dynamics through the order book. The main components of market depth include bid prices, ask...
The choice of the best trading session largely depends on the trader's individual preferences, trading strategy, and geographical location. Each session offers distinct advantages and disadvantages, catering to different market conditions and trading...
Many traders prefer taking small, consistent profits because it aligns better with how markets and human psychology actually work. Markets are uncertain, and price rarely moves smoothly from entry to a perfect target. By aiming for modest gains,...
Using an alternative to a traditional broker in financial transactions has gained momentum in recent years, offering both advantages and drawbacks. These alternatives, often technology-driven, encompass online platforms, robo-advisors, and...
Choosing the right forex broker can be a crucial step for start-up traders looking to enter the forex market. Here are seven of the best forex brokers for start-up traders:
The opening price in a candlestick represents the first traded price when a specific time period begins. This could be the start of a minute, hour, day, or any chosen timeframe. It marks where the market initially agreed on value before new...
Forex trading, or foreign exchange trading, plays a significant role in the global economy by facilitating international trade, investment, and travel. Its economic effects are multifaceted and profound.
John Bollinger is a renowned American financial analyst and the creator of Bollinger Bands, a widely used technical analysis tool. Born in 1950 in Montclair, New Jersey, Bollinger studied economics and finance at the University of California, Los...
The minimum investment in forex is flexible and depends on your broker, account type, and trading style. Many online brokers allow you to start with as little as $10 to $100 using micro or cent accounts. These accounts let beginners trade very small...