Articles

Forex Brokers Fees and Costs Explained

Every Forex broker charges fees in one form or another and there are trading costs associated with each trade placed. Many traders often ignore the total cost per trade which can make a big difference to the overall outcome of a portfolio. While the most obvious cost is through spreads, there are other fees and …

The main Forex indices

Index is a rate that makes it possible to evaluate the state of Forex market. There are 3 main indices: DJI. S&P 500. DXY (USDX). They are the most important ones. They can be effectively used for analysis in combination with some other instruments. Let’s look at these indices more detailed. DJI This abbreviation stands …

Poor statistics from Germany disappoints investors

Lately Germany has made investors sad by showing rather poor statistics. The market on the eve The US share indices have closed in a deficit. They have reversed to the bottom after the Chinese trade delegation had interrupted its visits to the farms in Montana and Nebraska. S&P 500 has decreased by 0,49% and has …

Head and Shoulders Pattern

For the technical trader, there are a handful of trading patterns that they tend to turn to time and time again. Without a doubt, one of the most common patterns is the “head and shoulders pattern.” In fact, there are some traders out there that will trade only this pattern, but there are a couple …

Establishing Your Risk Tolerance in Trading

While there are lot of possible pieces of the puzzle that you put together to make money trading, without a doubt the most important general area is going to be money management. Paramount to money management is understanding your risk tolerance in trading. What is risk tolerance in trading? So before we move forward, we …

What is a PAMM Account in Forex?

You will see that some Forex / CFD brokerages, usually the larger ones, offer a “PAMM Account”. What is this type of account? Simply put, “PAMM” stands for “percentage allocation management module” or “percentage allocation money management”. In other words, a PAMM account is basically a managed account where one trader trades on behalf of …

Can You Day Trade Gold?

Quite often, Forex traders will start to look to branch out into other financial markets. One of the first places they tend to look to is precious metals, which makes quite a bit of sense considering that the average Forex broker will also offer spot gold and silver trading. While you can obviously trade those …

Trading the FOMC Meeting

The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Each meeting is an important date on most traders’ economic calendars. Speculation in the run-up to the meeting and the fallout afterwards can spur flurries of volatility as markets react to the decisions made by this branch …

How to Trade Wedge Chart Patterns

Looking at the wedge chart pattern, it’s easy to see why it’s so popular with traders. This is because it’s easy to identify, and therefore has a bit “self-fulfilling prophecy” aspect to it. The fact that it also has a simple measuring tool built into it doesn’t hurt either, as it is very simple to …

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