Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.
Forex trading is speculation about the future value of the currency. Forex traders can speculate whether the cost of a currency pair can rise or fall. In general, when a trader believes that the price will fall, the trader will short a pair of currencies. When traders short the currency pair, they expect the value […]
Forex trading (Forex, or FX), derived from the English Foreign Exchange acronym, is a fundamental part of the global financial market. The importance of foreign exchange trading comes from its daily trading volume of up to 5.5 trillion US dollars. For investors, this is the world’s largest and fast-growing financial market. In the most […]
The forex market holds a remarkable position as the world’s largest financial market. Unfortunately, not all traders make profits. The market requires a lot of patience, proper education, and fast adaptation to the changing updates as well as other qualities. Money management is one factor that plays a significant role when trading forex. […]
They say that the fools learn from their own mistakes while wise folks learn from the mistakes of others. Every individual joining forex trading do so intending to make profits. However, only a few traders end up being profitable in forex trading. But what stops other traders form being successful? Where most people are […]
Forex trading is accessible, exciting, educational, and offers traders lots of opportunities. Despite all this, many traders fail to learn how to become successful traders and don’t achieve good results in this market. In fact, a high percentage of Forex traders are losing money. Learning to trade Forex and learning how to trade in […]
Yes, FTX looks like the next big thing in the niche. Should you make the switch? Perhaps not until you understand everything about FTX Exchange. The cryptocurrency market has been on the rise over the last year, hence the need for crypto derivative trading platforms ha also seen a surge. Currently, derivatives account for over […]
Perhaps you have not considered why Forex is so successful. One of the significant advantages of trading in Forex is that the Brokers allow us to operate with “margin” accounts, so when we use undue leverage, we can fall into the margin or Margin Call. When a Broker allows us to leverage, of 1: 200, […]
Start trading indices and trading plan in Forex. A good trading plan defines your fiscal goals and how you will operate to reach those objectives. It is effortless to say that “I will transform $ 20,000 into $ 350,000 in a year by investing in Forex” without having precise information on how to exchange currencies, […]
The US forex trading session is one of the most liquid trading sessions across the globe. Despite the various economic crises, the US is considered still the most substantial market. Just like Europe and Asia, the US forex trading session has one significant financial center which markets keep their eyes on- “the city […]
