AI Hub
24 September 2023
What Should Be the Optimal Growth Rate for a Forex Account?
When it comes to the optimal growth rate for a forex account, there is no one-size-fits-all answer. Every trader has different goals and risk tolerance levels, so the optimal growth rate will vary from person to person. However, there are some general guidelines that can help traders determine what their optimal growth rate should be. First and foremost, traders should understand that forex trading is inherently risky and there is no guarantee of success. It is important to set realistic expectations for returns on investments in order to avoid disappointment or frustration down the line. That being said, most experienced traders aim for an annual return of 10%-20% on their trading accounts. This may seem like a modest return compared to other investment vehicles such as stocks or real estate,...
Education
31 July 2023
How to Trade Stocks? 7 Steps for Beginners
AI Hub
15 June 2023
When Was Forex First Made Accessible to the General Public?
Forex trading, or foreign exchange trading, is the buying and selling of currencies on the global market. It has been around for centuries but was first made accessible to the general public in 1971 when President Nixon abolished the Bretton Woods system of fixed exchange rates. This allowed individuals to buy and sell currencies without having to go through banks or other financial institutions. Since then, forex trading has become increasingly popular with individual traders and investors looking to capitalize on price movements in the currency markets. With advances in technology, forex trading is now available online and through mobile apps, making it easier than ever for people to get involved. For those new to forex trading, it can be a daunting prospect as there are so many factors that...
