Recent content by Jhonny Rapid

Pips are the smallest change at which an exchange rate can rise or fall. For most pairs, one pip is the fourth decimal place in the exchange rate. For example, if the EUR/USD pair rises from 1.2435 to 1.2445, this represents an increase of 10 pips. The buying price is usually offered a few pips...

Forex Brokers offers a variety of trading platforms on the web, mobile and tablets, as well as a professional platform for those who want to take their trading to the next level. You'll have access to a variety of features designed to help you improve your trades, including risk management tools...

It takes a lot of discipline to make a profit and to trade FX, and the strategy you have adopted is to maintain the concentration and trade with the feeling that it has greatly contributed to the downfall of many traders. It should help avoid it. If you are a beginner, you need to sign up for a...

Trading psychology is a very important aspect. Traders are forced to make quick decisions. That is why a trader needs his presence in mind and discipline. Furthermore, it is advised not to be overwhelmed by emotions. One of the key techniques to maintain and improve the discipline of forex...

Skill is the keys to successful trading in the forex market, and the best forex traders know how to get huge money from the market. The practice is most understandable key to develop skills. The practice is very important to the point to become successful. Traders must continually assess their...

A slow and steady approach always leads to victory in trade races. Frequent trading opens you to the world of emotional trading mistakes and destroys your self-confidence and trading account. Traders should not risk large sums of money in a single trade. Usually, the percentage is between 2% and...

For most traders, there is a fear of losing again after suffering a large loss. Therefore, I suggest starting with a demo account, and some winning days will help increase your level of confidence. With enough confidence, you will be able to challenge the market again in a better mental space...

Becoming a profitable trader in Forex is the ability to make more money than they lose. It doesn't matter whether you're right or wrong, but how much you make when you're right and how much you lose when you're wrong. Traders should also consider swaps when entering positions. Swap refers to the...

It would be best if you were prepared for a loss in the forex market. If you can't afford to lose the money you shouldn't trade FX. Even you can use the demo account, where you can test new strategies and plans, or try existing strategies in many hypothetical scenarios. By practising with a demo...

Leverage is the most common facility in the forex market. It also makes the forex market exciting risky. When used wisely, leverage can be an effective strategy for making money in the market, but when used unwisely, it can slow down your fortune. Leverage amount varies broker to broker. It is...

The FX market is a decentralized market. It is operated by a central bank and major financial institutions. Therefore, people like you and me do not influence the FX market. So, your best trading setup may fail for no reason. Therefore, you need to bear in mind that you are predicting the...

There are two types of order in Forex trading. It involves direct market order and pending orders. In trading, you can open a position directly in the market by clicking sell or buy. Pending orders can only be traded automatically when a certain price is reached. These orders can be ordered at...

As a trader, I trade on the Heiken-Ashi chart, and the reason for that is my personal preference. Traders can use the Heikin-Ashi chart to know when the trend is persistent but stays in the trade while getting when the trend is paused or reversed. It is necessary to predict the trend correctly...

For most traders, the hardest part of Forex trading is dealing with financial losses. This is not just a pain or anguish problem, but losses usually trigger traders to make the worst mistakes, cause even greater losses and create a vicious cycle of losing control of a trader's account. Losing...

In Forex trading, traders can control huge sums of money due to the high leverage. Leverage is a "double-edged sword". If your trade is correct, this leverage will double your profits. But when you're wrong, the same leverage exacerbates losses. Too many traders and investors are being tempted...