Forex Fortunes: Strategies for Success in Currency Trading

person analyzing data on a computer

The allure of currency trading, also known as Forex trading, lies in its accessibility, liquidity, and vast profit potential. Forex trading allows individuals to enter and participate in the global foreign exchange market, where currencies are traded. However, the dream of making fortunes in Forex and success in currency trading can quickly dissipate without a…

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Free Funded Forex Accounts: The Jumpstart for Prop Trading Success

a graph of international currency values

At least once in their trading journey, forex traders find themselves navigating the intricacies of various terms which are crucial in understanding the forex market. Chief among these is the area of free funded forex accounts. Here, we dive deep into the finer details of this financial ecosystem, unraveling the significance of welcome bonuses, exploring…

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How Much Should Be in Your Trading Forex Account for Full-Time Trading?

The foreign exchange market (Forex) will likely continue to remain attractive in 2023 despite global economic evolution, drawing traders of all skill levels. Many have gone from dabbling part-time in trading to using it as their primary source of income owing to the Forex market’s 24-7 trading availability. A question often raised is, “How much…

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How Businesses Minimize Risk with Forex

Small business owners juggle numerous responsibilities, but one of the most crucial is related to the risks of inflation and currency devaluation. The majority of domestic companies hold most of their assets in their home nation’s currency. Usually done for the sake of convenience, the practice opens businesses up to deterioration of financial assets should…

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Copy Trading: Important Risks & Advantages To Consider

Copying the trades of someone else, especially one more experienced than you in the foreign exchange market, is no new phenomenon, and has existed for as long as the financial system has. However, remotely computing the trades of another through automated systems is where evolution stuck its tent, now enabling newbie traders to copy the…

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5 Ways to Avoid Losing Money in Forex

With many advancements in technology, access to information has become so easy in the online universe, where everyone is connected. People adapt to these advancements, switching traditional trading to Forex’s online trading market. The Foreign Exchange Market has become an ideal place for all traders from all over the globe, making it one of the…

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The Various Types Of Forex Orders Explained

The Forex market is the biggest and most volatile market worldwide, with a daily trading volume that tops $6.5 trillion, according to the 2019 Triennial Central Bank survey. In such volatile and aggressive market conditions, every trader needs to have a proper risk management structure in place to minimize their eventual capital losses. In that…

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Top Regulated Brokers for Your Forex Trading

Currency trading is not easy, especially if you are new to it. That’s why various brokers are ready to give their services as advisory agents. Even if you are a pro at trading, you should talk to a broker who can guide you through the intricacies. A brokerage service helps meet your investing goals, learning…

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Is Forex Open 24 Hours?

What is a novice trader looking for when he searches for the word “Forex 24?” Probably proof that Forex is a 24/7 foreign exchange market. The inquisitive mind of a beginner tries to find answers to many questions that torment his mind. Therefore, let’s open this issue as broadly as possible, having received convincing evidence…

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How Taxation Works In Forex Trading

For forex traders, the main aim is to gain money by trading successfully and seeing their forex account rise in value over time. Given the volatility of today’s market, many investors are focused only on making a profit today without considering the long-term implications. Individuals in higher tax brackets may benefit from a 60/40 split…

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