The global forex market is the world’s largest financial market, and foreign exchange traders of all levels are drawn by the opportunity to reap profits in the arena: from greenhorns only learning about financial markets to well-seasoned professionals with years of trading experience. Since market access is easy, with round-the-clock

Electronic Communications Network (ECN) An ECN broker is connected electronically by means of a network to international banks and other liquidity providers. If the forex traders trade via an ECN platform, it can be said that they are connected to the international currency market and are trading in real time.

CFD trading allows the experienced trader to predict the price movements of the most tradable assets. If the trader’s prediction is right, they make money. That is, profits or losses are realized when the asset under consideration moves in the opposite direction in relation to the position that is taken

Using CFDs, an experienced trader can trade in stocks, currencies, commodities, bonds and indices. By trading CFDs, the trader can enjoy a leverage effect. Unlike other financial products, the trader can decide prior to the trade the maximum amount of money that can be lost. This gives better control of

Bollinger Bands are a technical indicator developed by John Bollinger. The indicator forms a channel around the price movements of an asset. The channels are based on standard deviations and a moving average. Bollinger bands can help traders establish a trend’s direction, spot potential reversals and monitor volatility. All of this

The Ichimoku Kinko Hyo (meaning ‘’One look equilibrium chart”) otherwise known as the Ichimoku Cloud or simply just Ichimoku is an incredibly versatile indicator that in the right hands can provide a trader with support and resistance, trend direction, momentum and even trading signals. This indicator is the most popular

Parabolic SAR is developed by Welles Wilder and first presented in his 1978 book titled New Concepts in Technical Trading Systems. Initially, Wilder named the indicator Parabolic Time/Price System but later reverted to Parabolic SAR. The name refers to the basic behavior of the indicator when integrated on a price

The simple definition of a day trade is a trade that is opened and closed on the same day. Day traders have no positions when they log off at the end of the day and don’t have to worry about overnight moves. Some day traders hold positions for very short

Forex scalping is a trading method that focuses on the smallest movements of a currency pairs or market, and the exploitation of this small movement by forex traders. Typically, a forex trader will not care about the direction of movement within a market, but will trade in a high volume