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Mastering Key Economies in Forex Trading: The United States
Mastering Key Economies in Forex Trading: The United States
Aside from covering trading basics, developing a strong understanding of specific markets is crucial for forex experts. The US economy, as a major player, significantly influences forex trading due to the value of the US dollar. Therefore, it’s essential to comprehend why the US economy matters and its impacts. Know how to assess its health...
September 14, 2023 11 min read
Understanding Spreads in Forex Trading
Understanding Spreads in Forex Trading
Spreads are indeed important for traders to consider when participating in forex trading. It is a cost incurred from every transaction made. Spreads represent the difference between the buying price and the selling price. In this article, we delve into the realm of forex trading spreads, vital for traders to comprehend as a transaction cost,...
September 5, 2023 10 min read
News Trading: The Mechanics and Psychology Behind
News Trading: The Mechanics and Psychology Behind
To make it as a successful trader, you must know how to trade the news. The macroeconomic data that constitute the bulk of news trades are the main drivers of price action because they mould the sentiment of the big money in the market. The resultant price moves may carry on for a considerable length...
September 1, 2023 15 min read
An Introduction to Currency Pairs and Other Trading Instruments
An Introduction to Currency Pairs and Other Trading Instruments
This article is designed to demystify the basic concepts of currency pairs in the forex market. By the end, you will have gained a firm grasp of how to buy and sell these pairs through True Forex Funds. You’ll learn to differentiate between major, minor, and exotic currency pairs, and get a glimpse into other...
August 23, 2023 15 min read
Bull flag vs. bear flag – how to trade them
Bull flag vs. bear flag – how to trade them
One of the methods of technical analysis that traders use to aim to secure profitable trades is chart patterns. The flag pattern is a chart pattern that occurs very often and delivers a high degree of accuracy. In this article, you will learn all you require to use the flag pattern profitably as you aim...
August 9, 2023 10 min read
The Art of Trading Micro Lots in Forex
The Art of Trading Micro Lots in Forex
Welcome to our in-depth exploration of micro lots in forex trading. This article serves as an extension of our original piece discussing lots and lot sizes in the forex market. In the world of forex trading, understanding the concept of a lot is crucial. Specifically, this time we’ll be focusing on micro lots – the...
July 25, 2023 7 min read
Understanding Forex Lots – What are Lots and How to Calculate Lot Sizes
Understanding Forex Lots – What are Lots and How to Calculate Lot Sizes
Understanding forex lot sizes is crucial for beginner traders as they determine the volume of a trade and play a significant role in position sizing and risk management. In this article, we will delve into the world of lots, exploring their types, calculation methods, the use of lot size calculators, the capital required for trading...
July 21, 2023 8 min read
Unlocking Success with True Forex Funds: Prop Trading vs. Brokers
Unlocking Success with True Forex Funds: Prop Trading vs. Brokers
Many of you who are interested in making money from Forex trading will often ask what is a prop firm and how is it different from a broker? It basically comes down to the way accounts are funded, along with different methods for calculating remuneration. A prop trading firm allows you to trade yourself, and...
July 19, 2023 10 min read
Unlocking Forex Profits: Understanding Leverage and Margin
Unlocking Forex Profits: Understanding Leverage and Margin
In the context of Forex trading, leverage and margin are two important concepts that determine the amount of capital required to open and maintain positions in the market.  How Does Leverage Work in Trading? Leverage in Forex trading refers to the ability to control a larger position in the market with a smaller amount of...
June 16, 2023 8 min read