Copytrade
19 June 2024
How to Compare Strategies in Headway Copytrade
Forex news
7 June 2024
Understanding Overtrading in the Forex Market
AI Hub
13 January 2024
What Are the Procedures to Utilize Market Profile for Forex Trading?
Market Profile is a powerful tool for forex traders to analyze the market. It is an advanced technical analysis tool that provides traders with a visual representation of the markets and their movements. Market Profile charts are created by plotting the price of a currency pair against its volume over time. This allows traders to identify areas of support and resistance, as well as potential entry and exit points for trades. In this article, we will discuss how to use Market Profile for forex trading. What is a Market Profile? Market Profile is an advanced charting technique that was developed by Peter Steidlmayer in 1985. It uses price-volume data to create a visual representation of the market’s behavior over time. The chart consists of two axes: one representing price, and...
Blog
12 January 2024
6 Tips to Testing Your Risk Tolerance
AI Hub
22 December 2023
At What Time Does the Asian Forex Session Commence Its Operations?
The Asian Forex Session is one of the most important sessions in the world of foreign exchange trading. It is a crucial part of the global currency market, as it is when traders from all over Asia and the Pacific region come together to buy and sell currencies. As such, it can be a great opportunity for traders to take advantage of price movements in different currencies. But when does this session start? The Asian Forex Session officially starts at noon GMT (Greenwich Mean Time) and runs until 8:00 AM GMT. This means that if you are trading in Japan, for example, then you will be trading during the Asian session from 7:00 PM to 3:00 AM local time (Japan Standard Time). Similarly, if you are trading in India, your...
Blog
14 December 2023
Quick Guide on Scalping Strategy
Forex for beginners
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AI Hub
11 December 2023
What Is the Value of Trading 10 Standard Lots in the Forex Market?
When it comes to trading in the forex market, one of the most important things to consider is the size of your position. This is especially true when trading with larger amounts, such as 10 standard lots. So what is the value of trading 10 standard lots in the forex market? To answer this question, we must first understand what a standard lot is and how it works. A standard lot refers to a specific amount of currency that can be traded on the forex market. It is typically 100,000 units of a given currency pair and is often referred to as a “lot” or “contract”. When you trade 10 standard lots, you are essentially trading 1 million units of that currency pair. The value of trading 10 standard lots...
AI Hub
8 December 2023
How Can I Properly Account for the Losses in Forex Trading?
Forex trading is a highly volatile market and losses are inevitable. The key to success in forex trading is to properly account for these losses. In this blog post, we will discuss how to properly account for the losses in forex trading. First and foremost, it is important to understand that there are two types of losses in forex trading: realized and unrealized. Realized losses occur when you close out a position at a lower price than you bought it at, resulting in an actual loss of capital. Unrealized losses occur when the value of your open positions decreases but you have not yet closed them out, meaning that the loss has not yet been realized. The first step to properly accounting for these losses is to track them accurately....
Blog
5 December 2023
Introduction to Day Trading Strategy
AI Hub
25 November 2023
What Does the Term ‘Сlosing Period’ Mean in the Context of Forex?
When it comes to trading in the foreign exchange (forex) market, understanding the concept of the closing period is essential. In simple terms, a closing period is the time when a currency pair’s price will be determined. This can happen at different times depending on which currency pair you are trading and where you are located. For example, if you are trading in the US forex market, then your closing period will usually be 5 pm EST (Eastern Standard Time). However, if you are trading in the European forex market then your closing period will usually be 4 pm GMT (Greenwich Mean Time). It is important to note that this does not mean that all trades must close at this time. You can still open and close trades outside of...
Blog
13 September 2023
Theory or Practice: What Is More Important for Beginners?
Blog
10 July 2023
Equity VS Balance: What Is the Difference?