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Gold? Silver? Which is better for trading? That’s the question most traders ask before investing in either of these two precious metals. Traditionally, more traders prefer investing in gold than in silver. However, this can be a mistake because we’ve seen times when the price of silver moves faster than that of gold.
Becoming a professional trader in the Forex market is a very challenging task. The novice traders often think the pro traders have access to insider information and thus they are able to make a consistent profit. But if you research on the successful trader, you will understand they are making money just by using a simple trading strategy.
Over the past 12 months, Forex trading has seen a bit of a renaissance, with lots of Forex trading firms and projects taking hold among the community. It looks almost as if the market had suddenly become popular and everyone was jumping in, with more people taking to day trading.
What is Forex to you? An adventure? A means of livelihood? A challenge? A hobby? Or even a routine job? Whatever it is, trading can be fascinating, so long you are not losing money. It goes without saying that the industry is one of the easiest, yet most difficult ways of making money all over the world. However, there are some fascinating facts that you probably did not know about the market that never sleeps.
Market participants often wonder – what is the best time to trade Forex to get the best results? And what are the best hours to maximize your returns and concentrate on trading? In this article, we’ll try to give answers to these questions and figure out the best trading hours.
Although it might seem irrelevant to newbies, knowing when forex markets work is a very important part of an investor’s planning and strategy. Knowing that the market works five days a week, across the world is great, but that doesn’t mean you can trade any pair at any random time and expect to make a profit.
A template is a set of chart window settings that can be saved and opened later for quick application to other charts. Some of the parameters that can be saved in a template are chart type, chart color, the attached expert advisor and its parameters, custom or default indicators with their settings, chart scale, and period separators.
Believe it or not, forex strategies don’t have to be insanely complicated to make money. With this simple 3 moving averages forex strategy, we’ll help you keep things simple and put you on the path to becoming a consistently profitable forex trader.