Forex

What sort of equipment and tools do you need to start trading forex?

By Vito Henjoto, Technical Analyst, GFT To start trading forex, the first thing you need is access to the market. Choosing the right broker to trade with is an important step in the journey. You need to choose a broker that’s trustworthy, has great customer service, significant market experience, and a platform to suit your…

What is a spot forex rollover?

When you trade spot forex you are trading a pair of currencies, you buy a set amount of one currency and sell the equivalent amount of the other currency. This contract requires one currency to be exchanged for the other and delivered in two business days. When people are speculating in the retail spot FX…

Special Forex Strategies For Trading News Events

Question: Are there special forex strategies for trading news events? Response: There are a few strategies that come to mind when trading news events. However, finding the style that fits one’s trading personality and tailoring it to meet different needs can help to curb the risk for loss while broadening the scope to profit from…

How Do You Know That A Currency Is Really In A Trend

Question: I read all the time that you have to trade with the trend. But how do you know that a currency is in a trend and isn’t just a momentary blip? Response: That is correct, it is much easier to trade in the same direction as the trend rather than against the flow. You…

How do I know when I should exit a trade?

Question: How do I know when I should exit a trade? Are there some rules on this that I can follow? Response: Many traders approach their strategy with one thing in mind: establishing the qualifications for entry. The ‘edge’ if you will. From there, the trade should take care of itself, right? Not really. How…

How do I know where to place my stop loss on a forex trade?

Question:  How do I know where to place my stop loss on a forex trade? Answer:  I am so glad you are asking this question, because the number one rule of trading is “always use a stop.” This is particularly true when trading forex, because trends can last longer than many traders anticipate. There are…

Can I make a living trading forex?

“Make $20,000 per month in income trading currencies! Trade on autopilot and rake in the cash!” If you have ever received any of these colorful junk e-mail messages, you are not alone. Across the world, smooth-talking swindlers with get-rich-quick schemes bombard internet users with stories that sound entirely too good to be true. If you…

With the Aussie at record highs against the Euro and Pound, should I short the Aussie?

Question: With the Aussie at record highs against the Euro and the Pound, is there an argument for taking out longer-term FX contacts to short the Aussie? Response: The Australian Dollar’s steady advance against the Euro and the British Pound over the past 17 months has led to increased speculated that the currency’s value is…

Which is better – range trading or trend trading forex markets?

Many traders come over to the 24-hour and deeply liquid currency market from other asset classes. The reasons for market such a shift are varied; but one thing is the same for those that wade into the new arena: they bring their methods and biases for trading with them. In many ways, the Forex market…

Does Any Financial Institution Lend for Investment in Forex?

By Kathy Lien, Director of Currency Research, GFT When it comes to investing or trading forex, there is generally no need to seek out a financial institution for funds.  Most forex and CFD brokers offer spot trading on a leveraged basis.  Some brokers offer as much as 400-to-1 leverage, which means that you only need…

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