One of the biggest falsehoods that are perpetuated among foreign exchange traders is that it is smart to use a high amount of leverage to make money fast. When forex traders use leverage, they are borrowing money from their broker to invest in currency. Due to the size and liquidity of the foreign exchange markets, […]
Forex trading refers to the practice of buying and selling foreign currencies as they rise and fall in value on the global currency market. Instead of investing in the success of companies, one is investing in the success of the currencies of nations of the world, which is to say that one is investing in […]
In the late 1920s, an accountant named Ralph Nelson Elliott theorized that rather than being chaotic, the stock market tends to trade in a certain up and down pattern that is primarily affected by mass psychology. He referred to this pattern as “wavesâ€, and published his findings in the book “The Wave Principle†in 1938, […]
When trading on the foreign exchange market, the best way to make money is to attempt to predict where a currency price will be in the future, and then act on that prediction. Analysts sift through mounds of data from the past and present to get an accurate picture of the overall climate of a […]