Nowadays, modern trading platforms offer a rich diversity of technical indicators – you could say you’re almost spoilt for choice. The Metatrader 4 platform (MT4), for example, comes fully loaded with 30 built-in indicators and 2000+ custom indicators. Unfortunately, this often draws newer traders into unchartered terrain. Understanding the subtle nuances and testing each indicator … Continue reading Top 3 Technical Indicators All Serious Traders Should Know
Tag: forex trading
Using Psychological Levels in Trading
Numbers have mattered to humans since the earliest civilization, though some propose more significance than others. Humans appreciate values that are easy to process and make sense of. Rounding numbers is, therefore, a common act. Rounding means making a number simpler but retaining its value close to its original. Age is generally emphasised as a … Continue reading Using Psychological Levels in Trading
Making Use of Your Demo Account
Updated March 2020 Imagine you’re a newly appointed trainee chef. Eager, excited and daydreaming of becoming a world-renowned culinary chef, the head chef unexpectedly throws a curve ball. He asks you to begin preparations to cook at one of their finest restaurants that evening. This would surprise and shock most trainees. A trainee chef needs … Continue reading Making Use of Your Demo Account
Is It Possible to Trade Forex Part Time?
‘But out of limitations comes creativity’ – Debbie Allen. Ten years ago, smartphones did not exist. Three decades earlier, no one even owned a computer. Today, however, nearly everybody is connected. Thanks to this technological advancement, creating an alternative source of income through trading is appealing. Despite the appeal, many traders, particularly those new to … Continue reading Is It Possible to Trade Forex Part Time?
Demo Trading vs. Live Trading
A question often asked is why results achieved on a demo account tend to differ from live trading? Among other things, the effects of trading psychology act as a key driver. Live market conditions draw in psychological elements typically not encountered in a simulated environment. In a nutshell, live trading involves depositing actual funds into … Continue reading Demo Trading vs. Live Trading