It’s possible to trade profitably on the Forex, the $6.6 trillion worldwide currency exchange market. But the odds are against you, even more so if you don’t prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association

If you’ve been studying forex trading or even if you’re brand new to it, you might be wondering if you need a significant stash of extra cash set aside before you begin trading. Is it possible to do forex trading on a budget? Actually it is, but it takes a lot of planning

As forex software becomes more complex and automation becomes more common, many traders now rely on mechanical forex trading systems. These software systems execute trades when certain market conditions are met, with or without the confirmation of the operator. These automated software systems look for technical market indicators and buy

One of the first applications for computer software when it came to trading the forex market was in plotting or charting historical exchange rates over time. This important functionality has evolved substantially during the years since the personal computer capable of running such software was first made available to the

Nostro Account Definition. A Nostro Account is an account denominated in a foreign currency established through your local bank at a bank in the respective country of the currency desired. The terms “nostro” and “vostro” are derived from Latin terms meaning “ours” and “yours” respectively. A nostro account is our

Many people like trading foreign currencies on the foreign exchange (forex) market because it requires the least amount of capital to start day trading. Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers. Forex trading can

Here’s the bad news: there is not 100 percent accurate forex trading system. You probably knew that, but it’s human nature to try to find a perfect solution even when our commonsense tells us that it doesn’t exist. The good news is that there is a short list of “best practices”

Backtesting is the general method for seeing how well a strategy or model would have done ex-post. Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.

To know the schedule of trading sessions on Forex means being able to rationally allocate one’s efforts and effectively use one’s possibilities and time. Trading sessions are periods of time when banks are actively trading. As is well-known, Forex working hours are unlimited and it functions round the clock. When

Forex is undoubtedly the most thriving financial sector in the world today. The Foreign currency market was established with the sole aim of supporting international business and trade. The growth of international trade and tourism had given rise to a potent earning platform, called Forex. The present-day world is witnessing