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Learn Forex Online

Forex trading sets lots of people off simple because the task of learning currency trade as well as forex rates appears fairly daunting. Fortunately for many people, you simply need a basic understand of how currency can be exchanged.

Forex Demo Account – Forex Basics

Almost all of the forex brokers provide potential traders with “forex demo accounts” in order to elaborate the features and advantages that the brokers have. Because forex trading requires a considerably substantial investment (for a standard account) its essential for the novice traders to try their hands on with a forex demo accounts before they risk their hard earned money on live forex accounts. Forex brokers do understand the mindset of a to-be-forex-trader very well that they even go a step further to provide various gifts and bonuses if the to-be-forex-traders developed confidence with their forex demo accounts and decided to open live accounts with their forex brokers.

Using Expert Advisors

Automated Trading is no doubt the wave of the future. Trading in an automated environment is easy once the basics are grasped. The real challenge then becomes, which automated system do you use?

Forex Terminology – Understanding Pips

Forex has its own set of terms in relation to various aspects of forex trading. One of the basic term in forex is “pip”. A pip is the minimum price movement of an instrument, given the price is quoted to the fourth decimal point. A currency pair, commonly known as instruments in forex trading has its own prices which is a comparative value ratio of the currencies involved. e.g. if GBPUSD = 1.5678, it means that one would have to spend 1.5678 USD in order to buy 1 GBP. Understanding currency pairs or instruments is essential in order to fully understand “pips” and everything else surrounding Forex.

How to Be a Masterful Trader Part 5 – The Traders Mindset

What makes the difference between a lacklustre, inconsistent trader and the trader who constantly makes profit? How do some traders seem to bounce back from every setback and achieve new heights in trading success?

How to Be a Masterful Trader Part 4 – A Trading Plan

First thing is that we have a Trading Plan so that it keeps us on the right path like a road map and if we don’t have a road map how do we know where to go. Secondly, having an up to date Trading Business Plan and consistently using it gives us the opportunity to keep a record of our trading results so that we can go back over our trades and identify our weaknesses and strengths so that we can learn from the past.

How to Choose an Islamic Forex Broker

Among the many different Forex brokers and Forex trading accounts available to the Forex trader, there is one particular type of broker and trading account that stands out. An Islamic Forex account, provided by an Islamic Forex broker is a very unique type of trading account that we do not find in other trading markets.

How to Be a Masterful Trader Part 3 – Discipline

All new traders are emotional when it comes to trading – it’s a new experience and can bring up all different emotions. If you find yourself either depressed…

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