This article will introduce the functions of foreign currency account and the procedures for account opening. It will also explain the differences between a general foreign currency account and a forex account, which is mainly used for currency trading.
Many investment websites have economic calendars, which contain and update the release date of economic data or important economic events around the world. In this article, ZFX explains what an economic calendar is and how to read it correctly, and how it can be useful to forex investors.
Many Forex traders are interested in setting up algorithmic trading using Expert Advisor (EA), the most popular automated trading system on MT4. In this article, we will introduce the principle of EA, how to use EA on MT4 and the pros and cons of trading with EA.
As a beginner in Forex trading, you may be faced with a lack of trading skills or time, hence rely heavily on Forex signals. This article will focus on whether these trading signals and trading recommendations are reliable.
There is no sure win for in forex trading, and sometimes it is hard to avoid making some wrong decisions. Therefore, Stop Loss is very important to all investors, even for professionals such as Warren Buffet! This article will introduce the method to set a stop-loss on the MT4 platform, as well as the principles and techniques of stop-loss setting.
The Forex market is the world’s largest market by volume, and it operates almost on a 24/7 basis. This means there are trading opportunities lurking in the Forex market, which have attracted lots of professional traders. However, to the novice, the vast combinations of different currencies on the market may be dizzying. Which are the most robust trading targets among so many choices? We will find out in this article.
For beginners, understanding the do’s and don’ts in Forex market would definitely help to leverage their earnings on the market. Here are some tips on how to make profits in Forex trading :
Swap, also known as Rollover, Overnight Funding, or Overnight Interest, refers to the interest income or expense generated by an overnight position in a forex transaction as part of daily settlement activities. See how swap is calculated with a simple example.
CFD has become one of the most popular trading derivatives worldwide, especially in forex trading. Investors nowadays are making a beeline for its profitability. Attracting by its high leverage, new traders have yet shrunk back in fear for its potential risk.
What makes foreign exchange trading unique is its 24×5 trading hours. As the forex markets spread all over the world, there are fluctuations and trading opportunities in any period of time, and the exchange rate fluctuations of each currency are different in different market sessions.