If your trading account has a $50,000 balance then 2% of that amount will be $1000 of risk per trade. A $1000 risk per trade may be a huge amount to a trader with a balance of $5000 in his account ...

6 Simple Tips for Making Money Trading Forex Beginners need to ensure they follow several key measures to increase their chances of being profitable forex traders. 1. Learn the Basic Forex Trading ...

Reviewed by Gordon Scott Fact checked by Michael Rosenston Every second, about $850 million changes hands in the foreign exchange (forex or FX) market, making it the world's largest financial ...

Reading a foreign exchange quote is simple if you remember two things: 1. The first currency listed is the base currency 2. The value of the base currency is always 1.

Being able to read and really understand a forex quote is, unsurprisingly, key to trading forex. Let’s start with an example of an exchange rate: EUR/USD 1.12044.

The foreign exchange market, commonly known as forex, is the largest and most liquid financial market in the world. Every day, trillions of dollars’ worth of currencies are exchanged as businesses, ...

Forex quotes are mostly expressed as units of one dollar each per the counter currency in the pair chosen for trading. For example, a quote of USD/JPY: 120.01 – denotes that one dollar is equal ...

Forex trading is one of the most fascinating trading forms out there. In Kenya, it is a market that is growing, as the country is becoming more and more digital. This means that a whole new industry ...

Forex trading robots automate currency trades, functioning 24/7 without centralized exchange oversight. They execute trades faster than humans and manage multiple trades simultaneously, reducing ...

You are very welcome. These are just some of the basics I wish someone had told me when I first started trading FX 17 years ago. Anything that can fast track your knowledge, experience and application ...