Tips

Speaking of trying things out, we’d always recommend that beginner traders start with a forex trading demo account before they commit real capital. That way, you can ensure that any early mistakes are made in a simulated environment that won’t end up costing you money. Most trading demos use real market pricing, so they’re as close as…

There are four main styles of forex trading, categorised by how long you keep your positions open: Finally, position traders keep their trades open for weeks or months at a time, looking to take advantage of major trends In general, shorter-term styles are more favoured by FX traders, but all are valid if you have the right conditions….

One of the best things you can do to ensure that you start trading forex successfully is to make a comprehensive plan before you even consider opening your first position. The more information you include in your forex trading plan, the better. You should think about why you’ve decided to trade forex, plus what your goals are and…