Forex trader's blog about stock trading
It just so happens that a practical person doing what he loves wants to share the information he receives with others.
Talk about your own successes and failures that happened during work, teach newcomers not to repeat common mistakes.
The idea to create a forex trader’s blog about stock trading came to me after something began to work out in this matter.
It is clear that not everything went smoothly at first, but when the efforts spent begin to bring results, you always want to share it with someone.
At one time, there were proposals from some of the brokers to write a book about stock trading, but having some experience in writing books and knowing how much work needs to be spent on this, these proposals were rejected.
How to start making money on Forex from scratch, training and practice
If you understand that you can earn really big money only by engaging in investment activities and trading, then the question immediately arises before you - How to start making money on Forex.
After all, Forex is now the most accessible and profitable exchange, the reason for this is the provision of maximum leverage – 1:1000, or even 1:2000 and simply fantastic capabilities of the trader’s terminal.
Currently, using the trading platform, you can trade not only currency pairs, but also many other interesting assets - gold, copper, oil, company shares, cryptocurrencies, etc.
Starting Forex trading from scratch consists of a few simple steps, which I will describe below, but in order to start making money it will take a little more time and effort, but as they say - He who does nothing has nothing.
Everything is not as difficult as it might seem at the beginning, the main thing is to take the first step and not give up if something doesn’t work out right away.
Trading on the Forex market.
At the moment, there are not many ways to make money quickly; starting your own business
requires a lot of money and connections, and finding a high-paying job is not easy. Therefore, more and more people are paying attention to alternative earnings, Forex trading is one of them.
Trading on the Forex market allows you not only to earn money, but to make a profit, having a relatively small amount of money and without leaving home.
At the same time, it is not at all necessary to have a special education or have connections. As the history of trading in financial markets shows, taxi drivers, athletes, former military personnel and workers in other professions completely unrelated to finance have become quite successful traders.
How to make guaranteed money on Forex
This question “How to make money on Forex” is the first thing that worries any novice trader; the answer to it is quite complicated.
In order to become a successful trader, you will first need some time and personal practical trading experience.
Knowledge of the basics of the movement of exchange rates, namely the factors that cause changes in the price of a currency, is also important.
Anyone can make money, but for some reason, most novice traders, on the contrary, leave their money on the currency exchange, the main reason for this is the wrong trading strategy.
In this article I will try to cover the main points of trading and share a simple trading strategy, which in most cases brings quite good results.
Trading Bitcoins on the exchange
The young electronic currency, or as it is also called electronic gold, Bitcoin made a lot of noise after a record growth in its value and even more after its fall.
In fact, it can be classified as a certain type of security, since the monetary unit is not a currency in the classical sense of the word, and has no real backing with material values.
Its price is regulated by supply and demand according to purely market laws, and bitcoin trading takes place only online.
But the very approach to creating a payment system using Bitcoins has aroused great interest, since the system operates on a principle similar to the Internet, there is no main center and no one controls the implementation of monetary transactions.
In essence, it turns out that when you buy Bitcoins, you purchase shares of this payment system and become a co-owner; in addition, you can use a speculative trading option.
Spread return to the maximum, the best rebate broker on Forex
The concept of a rebate of a paid spread when trading on the Forex currency exchange is familiar to almost any trader; its attractiveness lies in the fact that without additional conditions you can receive a fairly decent reward for your trading.
Spread return allows you to reduce the commission for already completed transactions, and its size depends on the currency pair you choose and trading volumes.
There is currently a Promotion underway, under the terms of which if you open an account with Amarkets, you will be entitled to the maximum spread rebate.
The reward amount ranges from 0.7 points to 2 points.
That is, you will receive from 7 to 20 dollars in return for each lot of transactions performed. For deposits of more than $10,000, it is possible to increase the return of the paid commission by another 35%, that is, from 1 to 2.7 points per lot.
Factors influencing exchange rates
If you learn to determine what affects exchange rates, you can consider yourself almost successful in Forex trading.
After all, this aspect is the basis of trading on the currency exchange; it is enough to simply know after what event the price will go up, and what news will cause an increase in the exchange rate.
The main thing is to correctly determine the weight of the event that occurred and its degree of influence on the trend.
Factors influencing the exchange rate are nothing more than the appearance in the press of reports about changes in the economic or financial situation, which in one way or another relate to a specific currency.
In other words, these are fundamental factors that are closely related to a particular currency and put pressure on its price.
Most of the so-called news trading strategies .
How much can you earn on Forex?
There are many legends on the Internet about huge earnings on the currency exchange; novice traders are always interested in the question - how much do they earn on Forex?
The answer here depends on many components; first of all, the size of the initial capital plays a role, but if you wish, you can consider a similar aspect taking into account relative values.
It is impossible to say unambiguously how much one earns on the Forex exchange; the amount of earnings ranges from 5% to 1000% per month, it all depends on what trading strategy is used for trading.
Most professional traders conduct safe trading, earning only 5% per month of the amount invested, which at first glance does not seem like much, but if the deposit size is $1 million, then the profit no longer looks ridiculous.
The absolute record for profitability for the year belongs to Larry Williams; he increased his initial deposit from $10,000 to $1,400,000 or 14,000%, that is, the amount of initial capital increased exactly 140 times in 12 months.
What is traded on Forex and in the trader’s terminal
The answer to the question “What is traded on Forex” is quite simple and at the same time complex; on the Forex market they trade currencies and, more recently, cryptocurrencies.
But using a standard trading platform, you can trade other instruments, such as gold, silver, oil, stocks, indices, metals, wheat, etc.
Moreover, each of the selected instruments has its own trading features, on which the profitability of transactions directly depends, so before making a choice, you should dwell on this point in detail.
Let's consider what is the best way to trade to get the greatest profit and when to do it.
What is Forex and how to make money on it
Explain in a nutshell what Forex is?
It is practically impossible, since it is a rather complex currency trading system, which includes a lot of concepts and definitions. But in this article I will still try to reveal the basic principles of working on Forex in a language that is easy to understand.
What is Forex - a currency exchange (market) where currency is bought and sold at the market rate, the rate is set as a result of supply and demand, under the influence of external and internal factors.
The volume of trading operations is practically unlimited; the total daily market turnover is more than 4 trillion US dollars.
We can say that this is a completely virtual market, since all transactions on it are carried out online.
Anyone can trade currency, but not directly, but through specially organized firms - Dealing Centers, which transmit orders to buy or sell currency to their representatives on the exchange.
Proven brokers for scalping and pipsing
The most profitable trading strategy at this time is considered to be short-term trading; it involves opening a large number of transactions during one session.
This type of work puts forward additional requirements for the quality of service provision, servers and communication lines, so not all DCs allow the use of short-term transactions.
This article presents a list of brokerage companies that allow scalping; trading here takes place without any special restrictions on time and profit level, so you can use almost any chosen strategy for trading.
Scalping brokers are listed according to the attractiveness of trading conditions and the comfort of working with them; in addition, they have good customer support, which confirmed the absence of restrictions.
Rating of Forex brokers, only verified companies with the best trading conditions
Forex brokers play a key role in organizing the exchange trading process. They provide traders with access to platforms where they can buy and sell foreign currencies.
Brokers make money on commissions and spreads - the difference between the purchase and sale prices of a currency.
They also provide educational materials, market analytics, and other tools to help traders make informed decisions.
However, choosing a reliable broker is a key point for successful Forex trading.
The best ECN brokers for stock trading
Electronic Communication Network is an electronic system for conducting exchange transactions, designed specifically to eliminate the possibility of broker interference in the exchange trading process.
ECN brokers are brokerage companies that use a similar system for carrying out transactions in their trading. When carrying out this type of trading, an ordinary trader independently enters the market, and not under the name of an intermediary organizing dealing.
The advantages of this method of trading are obvious, so it would be useful to know who provides services under this scheme.
Currently, there are brokers with separate ECN accounts or fully dealing with this system; below you can see the current list.
By choosing a partner to work with from those listed below, you receive a guarantee of stable access to the foreign exchange market and stock exchange, and at the same time more comfortable trading conditions.
The best indicators for scalping on short timeframes
Usually, when starting trading using the scalping strategy, the question immediately arises about entry points.
here , since it is necessary to take into account not only the trend movement, but also the resulting rollbacks.
In this matter, you can trust your intuition or trade based on visual analysis, but the greatest effect is provided by scalping indicators; they allow you to make short-term trading more effective.
Scalping indicators are technical analysis tools that work correctly on the shortest time frames and provide signals to enter the market.
Their most effective use is noted on such frames as M5 and M15; when trading on M1, it is technically difficult to use indicators, but still possible.
How to use Forex advisors
Recently, most traders have been trying to switch to automatic trading, making custom-made various
advisors, or simply downloading and setting up experts from our website.
Usually, traders are familiar with how to install an advisor in a trading terminal, but most beginners do not even understand the basic principles of the trading terminal, not to mention installing experts and their basic settings.
In order to install a Forex advisor, you need to download it from our website in the advisors . The section contains both demo versions and completely free versions of robots.
Next, launch your trading terminal and use the file menu to enter the data directory. You can see an example in the picture: