Learn trade forex online
What is the best time to trade Forex from South Africa? Teach yourself how to manage your funds when entering into live trades. Find out how to use and apply Technical analysis and why it is important to apply it in your daily trading. Our online tutorials contains clear examples on where to insert your stop loss, why trading with Fibonacci Levels can be very profitable, the trading of currencies by using Pivot Points, understanding Forex quotes and so much more.. Tracking Your Trades with the RSI This is an oscillator indicator that compares the magnitude of recent gains to recent losses to determine when a market or commodity is overbought or oversold.
Swing Trading Strategy This is a trading strategy that Forex traders use attempting to capture gains in the market within a 1 to 4 day period.
Support and Resistance Levels Chart patterns in Forex trading are patterns that form with price charts within a group. Forex Trading Articles for Beginner Traders. Will you be a Successful Forex Trader? These days everyone interested in Trading the Forex Market wants to be a good Forex trader, but a high percentage of new Forex traders fails and loose a lot of capital during their first trades. Do you think you got what it takes? To determine if you will be such a successful trader, take a look at our list and confirm the following questions for yourself.
The moving average is a technical indicator which has stood the test of time. Two charts provide examples. You decide to buy 1 euros against US dollars. If you look at the FOREX quotes on your trading platform you will see that there are 2 prices for each currency pair. One is the price at which you can buy, referred to as the "ask price", and the other is the price at which you can sell, referred to as the "bid price".
The difference between those two prices is known as the spread. The ask price is always higher than the bid price. With this leverage you can take a position with times larger value, resulting in times bigger profits or losses, therefore great care is required when placing your trade. Equities on the other hand are traded without leverage. Then pick a currency pair e.
Now you are a trader in a market used by millions of people all around the globe. Check out your current profit or loss in the Open positions window. You can keep this position as long as you like. And when you no longer wish to keep your position, just close your trade by pressing the X button in the Open Positions window.
This is called long position. The short trading enables you to take advantage if the exchange rate is going down.