Category: Forex for Beginners
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Information about the forex market open time
The forex market is known for its accessibility and round-the-clock trading, making it a highly appealing market for traders. One of the key factors that sets the market apart is the forex market open time. Unlike traditional stock markets, the forex market is open 24 hours a day, 5 days a week, allowing traders to […]
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Maximizing Profits with Reliable Live Forex Signals
Forex trading is a highly dynamic and volatile market that requires a high degree of precision and accuracy to make profits. The foreign exchange market is open 24 hours a day, 5 days a week, which makes it challenging for traders to keep up with the market movements and make informed decisions. This is where […]
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Understanding Forex Leverage for Beginners: The Pros and Cons
Forex leverage is a powerful tool that can help you maximize your profits and magnify your losses when trading in the foreign exchange market. Understanding how leverage works and how to use it effectively is crucial for beginner traders. In this article, we’ll explain what forex leverage for beginners is, how it works, and the […]
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Let’s talk again about how to trade forex for beginners
Forex trading, or foreign exchange trading, is the process of buying and selling currencies with the aim of making a profit. With a daily trading volume of over $5 trillion, the forex market is the largest and most liquid financial market in the world. This guide will provide an introduction to the basics of how […]
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How Much Capital do I Need to Start Forex Trading in Malaysia?
The first thing to consider when determining how much capital you need to start forex trading in Malaysia is your trading strategy. Different trading strategies will require different amounts of capital. For example, a scalping strategy that involves taking advantage of small price movements may require a smaller amount of capital compared to a trend […]
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Why Demo Account is Important in Forex Trading
A demo account is a type of account offered by forex trading platforms that allows traders to test out the platform and practice trading with virtual currency, without the risk of losing real money. Demo accounts are a great way for new traders to get familiar with the features and tools of a trading platform, […]
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What is Short Selling in Forex Trading?
Short selling, also known as shorting or going short, is a trading strategy in which an investor sells a financial asset that they do not own, with the expectation that the price of the asset will decline. The investor then buys back the asset at a lower price, profits from the difference, and returns the […]
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What is Bollinger Band and How It Affect Forex Trading?
Bollinger Bands are a technical analysis indicator that is used to help identify potential entry and exit points for forex trades. The indicator consists of a set of three lines plotted on a financial chart. The middle line is a simple moving average, while the upper and lower lines are plotted a certain number of […]
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How can We Avoid Margin Call in Forex Trading?
A margin call is a demand from a broker or financial institution for a trader to deposit additional funds or securities into their account in order to meet minimum margin requirements. Margin requirements are set by brokers or financial institutions and are designed to ensure that traders have enough capital to cover potential losses in […]
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What is Pivot Points in Technical Analysis?
Pivot points are technical analysis tools that are used to identify potential support and resistance levels in a security or market. They are based on the idea that prices tend to break through certain levels and that these levels can be used to identify potential buying and selling opportunities. Pivot points are calculated using the […]
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What is Fibonacci Retracement in Technical Analysis?
Fibonacci retracement is a technical analysis tool that is used to identify potential support and resistance levels in a security or market. It is based on the idea that prices will often retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is based on […]
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What is Candlesticks Chart in Technical Analysis?
Candlestick charts are a type of chart that is commonly used in technical analysis to display the high, low, open, and close prices of a security over a specific period of time. Candlestick charts are composed of individual candlesticks, each of which represents a specific period of time, such as a day or a week. […]
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What is Oscillator in Forex Trading?
An oscillator is a type of technical analysis tool that is used to identify potential overbought and oversold conditions in a security or market. Oscillators work by fluctuating between two extremes, such as 0 and 100, and are plotted on a separate chart below a security’s price chart. There are several different types of oscillators, […]
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What is Moving Average in Forex Trading?
Moving averages are a commonly used technical analysis tool that are used to smooth out price data and help identify trends. A moving average is calculated by taking the average price of a security over a specific period of time, such as 10 days or 50 days, and plotting it on a chart. The average […]
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What is Trend Line in Technical Analysis?
Trend lines are a commonly used tool in technical analysis, which is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Trend lines are used to identify the direction and strength of a trend, and can be a useful tool for traders to help make decisions […]
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How Risk Tolerance Plays Important Role in Forex Trading?
Risk tolerance is an important factor to consider when trading in the forex market, as it can influence the types of trades a trader is willing to take on and the level of risk they are comfortable with. Risk tolerance refers to an individual’s willingness to take on risk in order to achieve a desired […]
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Which Personalities Best Fits for Forex Trading?
Forex trading involves buying and selling currencies in the foreign exchange market in an attempt to profit from changes in the value of one currency against another. Forex traders come from all walks of life and have a wide range of personalities and backgrounds, but there are certain characteristics that can be helpful for success […]
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Can You be a Forex Day Trader in Malaysia?
Forex trading refers to the buying and selling of foreign currencies in the foreign exchange market. The foreign exchange market is a global financial market where currencies are traded 24 hours a day, five days a week. Forex traders aim to profit from changes in the value of one currency against another by buying low […]
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What kind of Forex Traders are You?
There are several different types of forex traders, each with their own unique approach to trading and investing in the forex market. Some common types of forex traders include: It is important for traders to understand the different approaches and strategies used by these different types of traders, as well as the risks and uncertainties […]
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Which Government Body is Managing Malaysia Forex Market?
In Malaysia, the central bank, Bank Negara Malaysia (BNM), is responsible for managing and regulating the country’s forex market. BNM is an independent institution that is responsible for implementing monetary policy and promoting financial stability in Malaysia. BNM has a range of powers and responsibilities related to the forex market, including: By performing these functions, […]
