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Forex Articles

In trading, there is a point where traders enter and exit trades. The operation of entry and exit can be performed in different ways. Some of the widely used order types include market order, limit/pending order, buy/sell stop order, stop-loss order, and trailing stop-loss order.

With MT4 available on your phone, you can trade and monitor your trades on the go. The android platform is easy and intuitive to use, and it has most features that are available on the computer MT4 platform. You only have to cope with a smaller screen size on your phone compared to your computer or your tablet.

If you are a forex trader, you may have basic knowledge of how the MetaTrader 4 platform works. In this post, we shall discuss some of the tricks and tips you probably do not know.

Discipline – is a key trait of every successful trader. You may mistakenly think that only people with exceptionally high IQ or special education can make good money in the financial markets. But Forex is not that complicated – it’s not like quantum physics.

We all know that the FX market is the largest and most-traded market in the world. From its beginning to the present day, this market has significantly evolved. Around 30 years ago, the Forex market featured trading over the telephone. This market was accessible only for institutional investors. There was also the existence of opaque price information, meaning that there was hardly any transparency.

To see how well a trading technique would have fared in the past, it can be “backtested,” or tested with historical data. It is unwise to put your real money into the market before you have practiced with virtual money. While a trading simulator could come in handy, there is more to backtesting than simply pressing the “play” button. This article will walk you through backtesting your trading techniques step by step.

Swing trading is a form of trading in which the goal is to secure medium-term gains in a stock (or any financial asset) from a few days to several weeks. When looking for trading chances, swing traders mainly use technical analysis.
Swing traders can use fundamental analysis in addition to market movements and patterns to make trading decisions.

Among the multitude of opinions and divergent perspectives on how to trade profitably, certain universal principles remain constant. When crafted holistically around these core tenets, trading strategies can thrive across changing market landscapes.