Search
What is forex hedging? FAQ
In the forex market, hedging means ensuring you are prepared and have measures in place in case the market goes against you. Diversification is a common approach to hedging. You can diversify your portfolio by including assets that are weakly correlated with one another.
Updated Mar 5, 2024How to become a forex trader? FAQ
We strongly advise to read unbiased traders reviews on ForexPeaceArmy.com before sending your money to any forex service. Despite the ease of opening an account with a broker, becoming a successful forex trader is a process that takes time.
Updated Apr 15, 2020How to use Bollinger bands in forex? FAQ
There are many ways to use Bollinger bands in forex. The first way is to use Bollinger bands to detect times when the market is moving in a trend. During such times, the candles often close outside the upper or lower bands. This means that the market is overstretched in one direction.
Updated Apr 15, 2020How to buy and sell in forex? FAQ
All trading platforms are supplied with buying and selling buttons. Those buttons are typically displayed at the upper left corner of each chart. Once you determine that you want to open a position, you simply click on the buy or sell button and a dialog window will probably appear. This window will let you set the par..
Updated Apr 15, 2020How to measure volatility in forex? FAQ
But while the VIX is indeed a measure of volatility, it measures the volatility of SPX futures, rather than the volatility of forex pairs. In other words, the VIX index measures the volatility of equities rather than currencies – although the volatility of equities reflects on some currency pairs.
Updated Apr 15, 2020How to enter a trade in forex? FAQ
Entering a trade in forex is as easy as pressing a button. In MT4 and MT5, all you have to do is press the buy or sell button at the upper left corner of the chart of your choice.
Updated Apr 15, 2020How to backtest forex strategy? FAQ
Most trading platforms, including the common MT4 and MT5 platforms, are equipped with a strategy back tester as one of their main tools. To test a strategy on MT4 or MT5, you can go first to the toolbar and click on view, then strategy tester. This will show you the strategy tester with all of its options, and it enabl..
Updated Apr 15, 2020How much is a pip worth in forex trading? FAQ
Forex Peace Army offers you a pip calculator that helps you calculate the value of a pip based on the pair you are trading, the lot size, and the currency of your account. You simply enter all the details and the results come out for each pair.
Updated May 25, 2020How to identify support and resistance level in forex? FAQ
The main rule to identify support and resistance lines is to ensure that they are meaningful by ensuring they touch at least two or three points. Otherwise, your lines will misguide you and lead to trading mistakes. To ensure that a line is meaningful, it would be wise to start with higher timeframes such as the daily ..
Updated Apr 15, 2020