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.
The international currency exchange rates show the units to be exchanged from one currency to another. It is essential to note that prices of currencies can float, which means that they can change continuously but based on a lot of factors. Additionally, currency rates can be fixed to another currency. However, knowing the exchange rates […]
Stop-Out Level vs. Margin Call The biggest charm of the money market is that you can use margin to trade. But for many Forex traders, the concept of “margin” is often misunderstood. The necessary amount of money needed on the account in order to maintain continuous trading behavior is called “margin”. Forex brokers […]
Perhaps the main reason that the majority of traders lose money is that most people have little self-control, can’t resist the temptation of excessive trading and excessive leverage, and no one is responsible for it. Another primary reason why most traders lose money is that they are trying to reverse this trend for some reason, […]
In order for someone to be able to move their money in financial markets with more or less success, one should not be very intelligent. Or rather … do not look at the importance given to the IQ score. There are many people who, as young people, were misnamed as “slow” students, but often […]
Transactions made with a broker/dealer in the Forex trading are subject to receive or pay interest if the positions are kept open until the next settlement day. This is what is known as the overnight position (the operation is kept open overnight). Interest charged or received in this transaction is called rollover interest, rollover […]
Since the opening of the foreign exchange market to non-bank traders in 1999, its popularity has continued to increase. In the financial market, whether it is private equity, real estate, options, or the foreign exchange market, most investors are looking for a more satisfactory return on capital in terms of the level of risk they […]
In markets as big as Forex, myths are inevitable. The foreign exchange market is more than $5 trillion in liquidity and is, therefore, a lucrative area. However, as a beginner in currency trading, you will encounter many myths, either to entice you into foreign exchange or to scare you. Enter Forex trading with a sober […]
If you’re thinking about buying and selling currencies online – it’s crucial that you first learn how to trade forex. After all, in order to make money – you need to risk money. As such, you’ll need to have a firm grasp of how the forex markets work from top to bottom. Not only does […]
