You may have heard that there is now an ongoing booming of bitcoin. This is an online money and people are becoming more attracted to it. If you read the newspaper, you will see that the price of bitcoin is starting to rise more and more. There are many countries now that are going to accept bitcoins as a medium of exchange. In this emerging trend, it is only a question if bitcoin is going to replace the major currency pairs in Forex. Though most of the Forex transactions are done in US dollars, the rise and trending of bitcoins are now growing at an unstoppable rate. If you have read the news, you will see that there are always one or two people discovering every day who have sold everything for bitcoins and they are now travelling the world. They believe this booming bitcoin is going to be highly priced and they will get their money back with very high profits. Only time will tell if they have made their profit, but when this bitcoin is starting to get accepted in countries, can it also replace the major currency pairs? Continue reading “Is bit coin going to replace major currency pairs?”
Traders in Forex are always at constant risks to lose their capital. This market is volatile and they can lose their money anytime. There is no room for mistakes and you can hardly recover your money if you lost it in the market. In this context, traders are always trying to take the market with minimum risks for maximum profit. In this way, if they lose in the market which is inevitable, they will still have some profit in Forex. This idea of trading the market gives birth to risks to reward ratios in Forex. Our discussion is all about this risk to reward ratios.
The social media platform plays a vital role in the whole world so now it is also have become important to the Forex market as well. If you consider the social platforms, through it you can develop the trading strategies and use the information in trading for better winning edge. The other traders will improve the status of your trading by commenting on it. In the social trading i.e. by using the social platforms the traders will be able to communicate with the other traders by all the possible ways such as forums, blogs, and more platforms that enable to improve Forex education. With the social media, the naïve trades will be able to communicate with the professional trader which is the great pathway for the naïve traders because they gain the ability to learn better trading strategies. Here are certain social platforms to interact the traders.
Every single currency trader is in the run to find the perfect trade in Forex. In the Forex market, the perfect trade does not come easily. In fact, no trade is perfect. When you place any trades in the market you always risk a certain amount in order to gain a decent amount of money. Most of the time, all you can do to trade the market perfectly, is to prepare for the market trend and analyze the market. But analyzing the currency pair is not simple, rather it is one of the most sophisticated tasks in the whole world. You need to know how the market works, and which fundamental news releases can change the course of a long term trend.
The forex market is a huge market and it has many things to offer to the right candidate. If you are relatively new in forex trading then you might have the dream to become a millionaire within a very short period of time. Most of the novice traders in the financial market loses money in forex trading since they consider it as a get rich quick scheme. But to be honest, forex is just like doing any other business where you need to execute your plan very precisely in order to make consistent profit in trading. Now a day’s many people are trading with high lot size due to the high leverage provided by the professional broker. Leverage can act like double edge sword in them market so when you trade with high lot size make sure that you know your current risk exposure level in the market. In this article, we will discuss an amazing scalping strategy which will help you to make consistent profit in the market.