As a general rule, there is no limit to how long you can keep a trade open.
Some brokers might put limits, but any reputable Forex brokers won't. As long as there is a market, theoretically, you could keep your trade open forever.… Read More
This is a trick question because it depends on who you ask.
To someone who has a good strategy and risk management scheme, Forex trading is definitely worth it. They do it consistently, and in many cases, live off of it.
If you ask… Read More
People probably don't think about it, but Forex is arguably the oldest financial exchange instrument.
It has a lot of firsts to its credit, as a consequence. Foreign exchange has been constantly evolving and finding new ways to… Read More
Trading A Small Forex Account
One of the biggest challenges facing many new Forex traders is the size of their account.
It can be difficult to reconcile the level of your ambition when starting out with your own financial limitations.… Read More
Is Demo Trading Worth It
There is a perennial debate among FX traders over the value of demo Forex trading.
Some traders swear by it and say it is the best way to get used to trading Forex before going live.
Others say it is a waste… Read More
The simple and probably most useful answer is "yes".
But, like all things, when it comes to sophisticated financial instruments, there are caveats.
The thing is, Forex is quite broad. And in many cases, it is used as a way of… Read More
If you ask an expert, they'll probably give you a technical explanation. Something along the lines of: "most forex traders fail because they are undercapitalized compared to the size of their trades".
They might add something about… Read More
It is possible to trade on just technical analysis. And quite a few Forex traders operate just on that!
However, it's good to know that what moves the forex market at the very bottom - hence the name - is fundamental changes in value.… Read More
Recessions are inevitable. It's not a matter of if there will be a recession, it's a matter of when.
The longer we go without one, the more likely the next recession is just around the corner. A savvy forex trader will want to get ahead… Read More
This is actually a bit of a tricky question, surprisingly enough. CFD traders don't have their earnings public available like many government employees, so it's not like you can look it up easily. Also, it's not like traders even have… Read More