admin on November 27th, 2011
When you get into trading Forex, you’ll hear about a lot of different types of brokers. One type of them is called a No Dealing Desk (NDD) broker. NDD brokers provide their clients with direct access to the interbank Forex market without going through a dealing desk. By working with banks and other major market players, NDD brokers are able to offer more competitive bid and ask [...]
admin on October 28th, 2011
You’ll hear a lot about retracements in Forex, in particular that you should trade off of them. While the word “retracement” is often found in the context of Fibonacci retracements, it is a broader, more general topic, and quite often people referring to retracements aren’t referring to Fibonacci levels at all. What is a retracement in Forex? Quite simply, a retracement is any temporary reversal in price within a major price trend. The word [...]
admin on September 15th, 2011
When choosing a Forex broker and planning to open your first account, you will probably hear a lot about stop-out level, margin call, and leverage. While many brokers will only talk about margin calls, others seem to delineate between margin calls and stop-out levels. What is a stop-out level, and what is the difference between a stop-out level and a margin call? To start with, let’s quickly review the definition [...]
admin on May 16th, 2010
The concept of the pending orders can seem somewhat complicated to the new Forex traders. The way they are used or why they are used at all isn’t that obvious compared to the standard trading orders. Pending orders help traders to automate the process of trading and remain in the market, while being not in front of their Forex terminals. There are 4 basic types of pending orders and 2 derived types (which are quite [...]
admin on August 26th, 2008
Drawdown and risk/reward ratio are two parameters to always keep in mind when trading forex, as they indicate your risk factor for your open trades in a very precise and clear way.
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