Finding the perfect broker to trade currency can be tough for new traders. In some cases, it is even hard for experienced ones. However, we are here to help you find the broker that fits you best.
For this reason, we will analyze:
1. Assets available
3. General overall trustworthiness
By analyzing these criteria, we will let you know whether the brokers we review will help you reach your trading goals. In this case, it is the OasisTrade broker.
Thereby keep reading to find out…
OasisTrade is a trading broker based in the German financial hub of Frankfurt…
When creating a currency trading plan, it is crucial to make sure you cover some main bases. Like any endeavor, trading starts with some set of rules.
In setting up these rules, you should be able aware of the following questions:
Your Motivation — What are the reasons for trade? How do I become a successful forex trader?
Trading Goals — What do you want to achieve when trading? Can forex trading make you rich?
Risk Management — What do you mean by risk management? What are your parameters for risk?
Money Management — What is meant by money management…
Technical and fundamental analysis are essential tools when it comes to trading with currencies. Seemingly, each type of analysis has different types of traders as supporters:
Fundamental analysis is the choice of long-term traders. It is because they focus on analyzing stocks, currencies, cryptocurrencies, options, and commodities. Technical analysis is more suitable for short-term traders. The reason behind this is that they seek instant info instead of waiting to profit from long-term price movements.
Whatever type of trade you prefer, it is valuable to know each of these approaches. …
Fiat currency trading happens in the Forex market. When starting out, any trader should understand this market. As it is a foothold for other types of trading, it holds analysis applicable to different types of trading.
Seemingly, the best time for currency trade depends on the currency. Second, the best time depends on the obligations of the trader. It is because of those who are working full-time at other jobs that can’t watch the market 24-hours, 5-days a week.
Thereby determining your own hours is essential. As the psychology of trading depends on the clear mind, you should be realistic…
Different traders utilize their model that could be well-known or a new currency trade strategy. Usually, it goes with their preferences alongside other factors. For the most part, it depends on the time available for trade.
However, those that get hooked on trading may leave their full-time job. If one can find a successful currency trade strategy, it could be worth a shot.
For this reason, the traders should find the model of the trading that will fit their future life calling. As there are different types of trading, each has its pros and cons.
By reviewing them in the…
Currency trading risk is one of the realities you should remind yourself over and over again. Thereby, the goal of each strategy connected to the risk is to minimize it.
For this reason, specific trading strategies can help to reduce and minimize losses. As trading is all about endurance, keeping yourself afloat is a viable strategy. Similar to increasing earnings, any act of minimizing risks leads to better profit scores.
For example, the trader that gained 4% during the week may risk it all during the next. …
When starting to trade, the majority of people will begin with a small currency trading account. As going big is the human need, many won’t resist the temptation for big profits.
However, big profits come over time. Therefore, understanding how to grow those accounts to make meaningful profits and not to destroy them. Nowadays, it is easy to enter the market. At the same time, it is easy to lose significant amounts of money. For this reason, it is better to start small.
So, how do you grow a small trading account?
In the following article, you will get some…
The financial market is not all about trading currencies as assets. There are numerous financial instruments out there. Moreover, each of these features a range of different assets.
Similar to your focus on your day plan and timezones, you should focus on specific assets. Stop being a jack of all trades, the specialization will lead to results. Following this, you should become an expert in one field. In the end, this will give you a greater chance of success.
There are a lot of different skills required for becoming a currency trading expert. No brainer is that you need to understand the market. However, the same or even more important is for you to understand your brain.
Seemingly, this is the trait the traders work the least. Without any reason, many overlook this important aspect of trading.
As developing your mindset is crucial to life, it is crucial for trading, too. Only currency trading expert can handle ups and downs during the day. The reason behind is a strong mindset of a trader.
In the following lines, I will…
Which currency pairs to trade can be a tricky question. Firstly because it depends on a few variables. We will name a few:
2. Time traded
In the following article, we will go through some of the pairs that we feel are the best. By the best, we think about maximizing profits and making the most games on a trading day.