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Calculating profit in forex trading can seem complex, especially for beginners. However, knowing your bottom line after all is said and done is crucial for understanding the effectiveness of your trading strategies.
Although it’s not rocket science, calculating your profits in forex trading...
Disclaimer: Photon Trading is not affiliated with VT Markets in any way. The opinions expressed in this article are based on independent research and are intended for informational purposes only. This is not financial advice, and readers should conduct their own due diligence before engaging with...
Finding the right forex trading application can make the difference between trading consistently and floundering in the water like a fish without direction.
However, finding the best application for forex trading involves considering various factors, such as functionality, user experience,...
Entering trades at the right price can make or break your success as a forex trader. To become a funded trader, you must understand the various order types that allow you to open potentially profitable positions.
Two popular order types, buy limit and buy stop orders, allow you to specify...
Having a good laptop for forex trading means having the full functionality of a powerful machine while benefiting from the convenience of having a portable device on which you can trade.
However, you must consider several key factors when choosing the best laptop for forex trading. The most...
If you’re planning on becoming a funded trader, two terms that you need to be familiar with are ask price and bid price, and by extension, the bid-ask spread.
In simplest terms, the bid price is what you’ll receive from a buyer if you’re selling a currency pair, and...
A funded forex trading account allows you to trade the foreign exchange market using capital provided by a third party, typically a proprietary trading firm. This unique arrangement enables traders to access significant trading capital without risking their own funds.
By using the capital...
Prop firms are regarded for their potential to provide traders with remarkable returns. They allow traders to use the firm’s capital to enter positions. A legitimate prop firm can be highly profitable for individuals, as many provide traders with significant profit splits.
However, prop...
FX trading, also known as forex or foreign exchange trading, is the global market for exchanging national currencies. Forex is the world's largest and most liquid financial market, with a daily trading volume exceeding $7.5 trillion.
When you trade forex, you are trading a currency pair. You buy...