What is Forex?
How Do You Trade Forex?
Now, it's time to learn HOW to rake in the moolah!
When Can You Trade Forex?
Now that you know who participates in the forex market, it's time to learn when you can trade!
Who Trades Forex?
From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete - everybody participates in the forex market!
Why Trade Forex?
Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
Margin Trading 101: Understand How Your Margin Account Works
A beginner's guide on how margin trading works. If you skip these lessons, you will quickly obliterate your trading account. Guaranteed.
- What is Margin Trading?
- What is Balance?
- What is Unrealized P/L and Floating P/L?
- What is Margin?
- What is Used Margin?
- What is Equity?
- What is Free Margin?
- What is Margin Level?
- What is a Margin Call Level?
- What is a Stop Out Level?
- Trading Scenario: Margin Call Level at 100% and No Separate Stop Out Level
- Trading Scenario: Margin Call Level at 100% and Stop Out Level at 50%
- Trading Scenario: What Happens If You Trade With Just $100?
- Warning: Different Forex Brokers Have Different Margin Call and Stop Out Levels
- The Relationship Between Margin and Leverage
- Margin Jargon Cheat Sheet
Best Times of Day to Trade Forex
Best time to trade on Forex is one when the majority of FX traders are trading. One
can compare it to the TRP of a television show; more the people watch it, and
more it becomes popular. Similarly, a significant frequency of traders will give
more liquidity, ultimately resulting in favorable trading. Depending upon the
overlapping sessions, people often prefer to trade during those times, as two
markets open at the same time will give more opportunity. Well, this is partially
correct but if you want to be a long runner, understand the pattern and trading
Majority of traders like to trade in Asian, European and American trading sessions,
Forex itself being the most significant and unique market place, its week starts
from 6:00 pm EST on Sunday and keeps running till Friday 5 pm. To check the best
time, try to trade when more than one market place is open, as it provides mobility
in pips. Trading with one market place open freezes pips, and you can observe low
movements. Another essential thing to know is that whenever a piece of recent
news flashes in the world, particularly news or event related to the economy, the
Forex market gets affected with it. A piece of sudden news from finance corridors
of a country holds the power to rise or down the exchange rates and that this is
the most convenient time for a trader. As rates change within seconds, FX traders
become active, and pips start changing rapidly. Concluding this topic, we can say
that most preferable times of a day are when two or more markets are opened,
when there is a high volume on FX (generally midday) and last but not the least
when a new economic update comes.