Can You Make Money Trading Forex

Can You Make Money Trading Forex

Introduction Undoubtedly Forex brings a financial opportunity to the traders because it is the biggest market hub at the present moment. So anyone asking “Can you make money trading Forex” should know the simple answer which is a big YES! However, the answer to the above question needs a deep explanation because it is a very complex question in nature. Figure Does Not Matter in Forex Industry Every day approximately 3 trillion dollars change hands in the Forex industry and this number can mislead you. One should know that a huge part of this money figure is actually regular currency exchanging which is done by blue chip companies or any individual who is travelling to a foreign destination. Hence, the money is not directly available to the traders at the first place. Another important thing one should be aware of that there is multiple trades taking place in the Forex market at a given time. These trades add up to this enormous daily volume which the market has at the moment. So it is not possible on the part of any person to take part in all these trading and hence, the three trillion dollars figure does not sound appropriate actually because it does not have any personal bearings. But having said so, one should know that Forex has a huge potential to offer the traders and one should exploit every opportunity available to them. But there are few things one should keep in mind and they are discussed below under the following headings: The market offers a stiff competition and no matter if you are an experienced trader,...
How to Make Money Trading Binary Options

How to Make Money Trading Binary Options

Introduction The power of the internet has really made making money easy for anyone who has some brain and able to work hard. Earning money through an online platform is not that much difficult as anyone presume. If you get online, you will find hundreds of different ways that can help on increasing their revenue. In fact, the internet is flooded with effective solutions how to make money easily. However, a closer inspection will reveal that the “effective solutions” are not really effective in nature but are scam indeed. This is, in fact, the main reason why people are crestfallen when it comes to making money online. If you are resolute of making money, then there is a nice platform available in the form of “Binary Options Trading” where one needs to invest in market stocks and earn revenue on investments. It is, in fact, a very advanced way through which one can earn easy money and there is nothing illegal about the same. The process entails trading in various virtual commodities for a certain profit in return. All you need is a good broker who can handle transactions on your behalf, create a live trading account and then you are ready to go. However, you need to be a little bit cautious because it is a risky business. Binary Options Trading: Earning Money is Easy and Fun With the rise in popularity of Binary Options trading, there are numerous people inquiring whether it is possible to make money trading Binary Options. One should know that the odds of earning money in this financial industry are very high as...
How to Select the Best Forex Broker

How to Select the Best Forex Broker

Introduction Forex is the largest financial market in the world where every day around 3 trillion $(USD) changes hand on a daily basis. Since there is no any predefined marketplace in this marketplace, hence one needs to take the help of a broker if they wish to start their own trading career. In the recent times, a large number of brokers mushroom in the market so as to provide the best assistance to the broker. In this blog, we will throw light in selecting the ideal Forex broker for your trading and how to give a jump start to your overall trading career. 6 Factors to Consider before Opting for Forex Broker With so many brokers out there, how would a newbie trader select the best one? The chances are that they would not be able to start off things but you need not have to worry. We are here to help you out and with our dedicated approach, you will be able to find the most suitable brokers as per your needs. Before you start reviewing the broker, there are few factors you need to pay attention and the same are discussed under the following headings: Make sure that the broker is registered with some good and authentic authorities like for instance CFTC, CySec or NFC. In the event if the broker is non-US based, then make sure it is regulated by “Financial Service Authority”. In the event, if the broker is not a registered one, there are chances that it can be an illegitimate one and you should not trust them at any costs. Is the broker able to provide fixed or...
A Simple Guide to Price Action Trading

A Simple Guide to Price Action Trading

Introduction to Price Action Trading If you are reading this particular blog, then it is likely that you are interested in Price Action Trading and looking forward to investing money. One you are able to understand the price action, you have complete knowledge of all the fundamental aspects of trading and can help you become a successful trader. You might be having this question running in your mind “What is Price Action and How It is Helpful in Trading?” For beginners, they should know that it is the most powerful and sophisticated manner through which one can easily trade in the financial market. It is something like the technical analysis that makes use of “candle” so as to represent the data telling about the existing market conditions. The only thing that separates Price Action Trading from other kinds of trading is the fact that it makes use of naked and clean charts. There are not any kinds of indicators showing but only some data displayed in the form of the candle and that is it. This, in turn, makes this format of trading simple learn and easy to use. Basic Definition of Price Action Trading There is no basic definition of Price Action Trading but still one should know that it is the art of trading from the charts without making use of any indicators. Wikipedia simply explains it as “…the analysis of basic price movement as a methodology for financial speculation!”. Many traders would consider impossible to trade without indicators but once you are getting used to it, you will understand its true relevance and regard it as a Holy Grail for...
Elliott Wave Theory

Elliott Wave Theory

“Elliott Wave Theory” was developed by “Ralph Nelson Elliott” in the early 1920’s. Elliott has focused on and analysed the interaction of up and down price movements with social psychology and named these movements as “Wave”. Ralph Nelson Elliott has found out that factors which are the results of community psychology and external effects, cause stocks’ prices to repeat their movements in a specific circuit. Elliott has set up his work based on “Dow Theory” and explored the stocks volatility in the fractal structure of nature. Accordingly, he defined the price movements as “In-term Waves”. There is a significant advantage of learning “Elliott Wave Theory” in Forex Trading for the traders. A Forex trader may foresee the markets’ trends with an adequate knowledge of “Elliott Wave Theory” and experience it with the aid of enough Forex education. In general; Elliott Wave Theory proceeds in the reverse order to increasing and decreasing trends of the market prices. Price patterns move from one side to another as a result of breaking in a channel. On the other hand, they make a correction. Prices signal for the main target of trends. Ralph Nelson Elliott and the analysts believe that Elliott Wave Theory has some correlation with human psychology. And they do assume that human beings’ instant psychological acts reflect the markets as waves. Besides, “Wave Principles” were published in order to deeply understand Elliott Wave Theory. “5-Wave Model” informs about the major trend. This model can be briefly explained as below: In the “1st Wave” ; analysts assume that the old trend still continues and organise their revenues based on low assumptions....
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