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Many people ask, "Is Forex trading good for beginners?" The answer to this question is a resounding "yes!" If you are new to the forex market, you might be wondering if it is good for beginners. The answer is a little more complicated than you might think. The first thing you need to do...
The EUR/USD set trades near a fresh 2021 low of 1.1510, as higher than prepared for US inflation boosted the dollar, as investors hurried to rate in more tightening originating from the US Federal Reserve.
The Relative Strength Index (RSI) sign on the four-hour chart dropped listed below 50 in the very early European session...
What is the best stock trading platform for beginners varies from one platform to the next. There are many advantages to each, and choosing the right one depends on your needs and goals. A platform that offers a comprehensive range of offerings and supports new investors should be on your shortlist. Some platforms even...
When trading the Forex market, there is a lot to consider but one important area of consideration is your trading and investing policies on how are futures and options taxed? With the IRS recently having to come out with a clarification of how trading and investing will be taxed, it is important to review...
Weekly view of the GBP/JPY Even though the pair has risen and closed 2 weeks over the major trendline, look over the next coming weeks challenges to 145.70 and also 161.00 (see monthly insert.).
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Successful forex traders use a combination of strategies to maximize their profits. Generally, they reduce their calculated net profits by 10%. This is done to minimize the possibility of slippage. These techniques have helped them become profitable despite losses that were larger than they expected. Moreover, they don't feel emotionally attached to their money,...
The basics of forex trading involve buying and selling real currency. For example, if you want to buy Euros, you would exchange your pound for euros. In theory, this would make you a profit. In practice, however, you may lose all your deposit. If you do not know much about currency, you should take...
There are numerous reasons why some stock trading websites are better than others. E-Trade, a major online brokerage, has been around for years and is still one of the best. Robinhood offers commission-free trades, cryptocurrencies, and specialty investment products. Tastyworks is the best website for active options traders, and Firstrade has the most branches....
A private limited company, OANDA operates under the brand name OANDA Corporation. It is licensed by the National Futures Association and accepts clients from the United States. OANDA is headquartered in New York, but they accept investors from all countries. The company does not have a physical location in the U.S. However, they do...
As a beginner, you need a trading platform that will allow you to trade in forex markets easily and without too much hassle. A good platform should be reliable and easy to use. It should also have a wide range of tools that you can use. Some of the best tools for beginners are...
