Understanding Forex Trading

Understanding Forex Charts - Forex Trading in Malaysia - Nov 11, 2019 · Forex trading is almost impossible without the use of a chart. A chart is merely a graphical demonstration of the currency exchange rates and it shows how a specific currency exchange rate has performed over any given period of time. The primary purpose of using a Forex chart is to identify tradable patterns and apply technical analysis.

Prohibited by FIFO rule - FIFO Rule in Forex - Forex Education - Under the new FIFO rules, the trader will have to sell the position 1 first, and the other positions in the same order in which they were purchased. Every investor will have to comply with this new FIFO rule for trading in the forex. Understanding why the FIFO rule was implemented â€" FIFO rule forex

Forex Lot Sizes: Micro, Mini, and Standard Lots Explained ... - One of the most important elements in successful forex trading is money management. Structuring a trading plan without a prudent money management component, can seriously affect a trader’s profits and potentially put them out of business. An integral part of money management consists of responsibly determining how large of a position a trader should take …

Understanding Trading Chart Time Frames | Fx Day Job - Sep 20, 2016 · Understanding Trading Chart Time Frames If you open up a Forex trading platform you will probably see a set of tabs that look like M1, M5, M15, M30, H1, H4, D1, W1, and MN. What these tabs do is to set your trading window to a particular time frame ranging from 1 minute, all the way up to one month.

Understanding Forex Trading | Global Forex Institute Blog - Jun 23, 2016 · With practice and mentoring you are guaranteed success with forex. Rule of thumb: The more skills you learn, the better you become. Understand that Forex Trading is about Probability: Forex trading is all about analysis and probability. Understanding risk management is a must for anyone interested in forex trading.

How to Build an Understanding of Forex Trading - Nov 04, 2018 · How to Build an Understanding of Forex Trading. There is plenty of information on the internet that discusses forex in-depth, making it hard to for new traders in terms of where they should begin their educational journey.

Understanding FX Quotes | NinjaTrader - When trading forex, you will often see a two-sided quote, consisting of a ‘bid' and ‘offer'. The ‘bid' is the price at which you can sell the base currency (at the same time buying the counter currency).